NMDC had come out with its FPO in a price band of Rs 300-350. The issue was for 33.22 cr shares and had a 5% discount for retail investors. The price band was announced one day before the issue opened and accordingly the price band of Rs 300-350 was fixed after the close of trading […]

NMDC FPO which was an offer by sale by the Government of India received the required subscription and statistically record that the issue was subscribed 1.25 times. It however failed to get the requisite support from the retail and HNI’s for whom the issue had a reservation of 35% and 15% respectively.  What is alarming […]

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 […]