All at Lower end of price band NMDC FPO opened for subscription yesterday and received very poor response. This is probably because people believe two things, one the current market price is not the correct price simply because there is hardly any floating stock and secondly the price at which the shares are being offered […]
Archive for the ‘FPO’ Category
NMDC FPO Subscription Day One: Poor response
March 11th, 2010
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NMDC FPO Price leaves nothing for investor
March 10th, 2010
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Avoid the issue NMDC Limited FPO opens on Wednesday the 10th of March and closes on Friday the 12th of March. The company is a mineral company and currently almost all of its revenues come from iron ore mining. The company has re-started diamond mining at the “Panna” mines in Madhya Pradesh. Price Band Rs […]
REC FPO shares credited: Share price is holding
March 8th, 2010
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REC Limited which had come out with a FPO has credited the shares to the accounts of its successful applicants. The share was issued at a floor price of Rs 203. The issue was over-subscribed in the QIB and HNI categories but was undersubscribed in the retail category. During the issue, the stock price had […]
