Meanwhile, gas volumes sold by MGL are 40% lower than that of IGL.In the last fiscal year, IGL sold gas volume of 4 mmscmd, while MGL sold nearly 2.43 mmscmd. This implies a discount of nearly 52% to valuation of IGL stock. This is the key reason why traders' interest has increased multi-fold in the IGL stock. Besides, other critical financial matrix between IGL and MGL such as gross margin per standard cubic metre (scm) and EBITDA per scm have been quite comparable. ET Intelligence Group: The shares of compressed natural gas (CNG) supplier in the National Capital Region Indraprahta Gas have witnessed high investors' interest, thanks to the upcoming initial public offering (IPO) of its peer Mahanagar Gas (MGL), which is the sole gas supplier in Mumbai.This high interest in the company's stock can be attributed to a strategy which involves maximising returns before the listing of a key player in a given sector.

Source: Economic Times June 14, 2016 23:28 UTC