For the IPO plan, the company has decided to consult with the consultant (experts) and study the IPO process, and the benefits are given below.
- Check if the IPO (Initial Public Offering) is a good idea
- Explain the process and legal steps
- Show how it could benefit GAIL
- Suggest how to increase the company’s value through the listing
This study related to IPO will help them to think about whether to go with an IPO or not.
About GAIL Gas
GAIL Gas is one of India’s substantial companies in the field of gas distribution. Moreover, the company works in 25 areas across 13 states and gives gas to around 6% of the population. Further, this gas is very useful for people as they can use it to run vehicles in factories and for cooking at home. GAIL Gas is currently setting up its city gas services in 16 new locations across 8 different states in India.
As per the sources, GAIL Gas is trying to take control of Gwalior and Sheopur districts in Madhya Pradesh from a joint venture (JV).
GAIL Gas wants its IPO at a time when natural gas demand is high. Currently, natural gas makes up 6% of India’s energy, but the goal is to increase it to 15% by 2030.
One of the main reasons is that more factories and homes are starting to use gas, and by 2030, the majority of the gas will be utilized for necessary work in India.
GAIL Gas IPO for investors
Owing to the importance and demand for natural gas, the GAIL Gas IPO could be beneficial for investors. In fact, the government is also promoting gas and encouraging individuals and industries to start to utilize it.
If the consultant comes with the positivity-related IPO, then GAIL Gas Ltd’s parent company will be in the limelight and receive more value.
GAIL Gas Financially
As per the sources, GAIL Gas Ltd has generated the highest revenue and profit. It earned ₹10,944 crore in total income and ₹323 crore as net profit.
