The government may seek market regulator Sebi?s permission to keep bidding data on follow-on share sales by state-run companies under wraps, as it looks to curb stock manipulation that leads to volatility in the market.
The recent NMDC's FPO offer is still quoting below the offer price. The BRLMs and the government should realistically price this issue, leaving some thing for the investors. RECOMMENDATIONS: If the issue is going to be priced by less ...
NMDC FPO has come out with a price band between Rs. 300 – Rs. 350, and at the higher end of the price band – the P/E ratio for fiscal 2009 is roughly 30. By comparison, the nearest competitors have a P/E of…
NMDC stands for National Mineral Development Corporation. Nmdc's FPO price band has fixed by the government. The company's FPO (follow-on public offer)
NMDC FPO price fixed at Rs.300-Rs.350, which is above the expectation of sub-300 levels. March 8, 2010 8:00 PM · India Shopping said... NMDC is subscribed 1.23 times a month ago, now its hovering around its lower price band of Rs 300. ...
NMDC has a good exposure to the iron ore mining sector with large reserves of high-grade ore, assured demand from the expanding Indian steel industry, production costs that are far below the global average and large cash in its coffers ...
CNBC TV18 in its report on the FPO says "Even at discount, NMDC FPO looks expensive to global peers". Sandeep Mohan, High Networth Individual, says, "Rs 300 in my mind is a price which is on the higher side based on all the parameters ...
Now, even the NMDC FPO has failed to raise any interest from the investors.It barely managed to get subscribed 1.25 times which again was not driven by the usual participants- FII's and retail investors. ...
The govt needs to get the FPO pricing right for the next divestment. NMDC followed a similar result as NTPC. The FPO opened at a lower price than its issue price. Against the issue price of Rs. 300, the FPO d at Rs. 295, went to a high ...
NMDCFPO has come out with a price band between Rs. 300 – Rs. 350, and at the higher end of the price band – the P/E ratio for fiscal 2009 is roughly 30. By comparison, the nearest competitors have a P/E of...
I hope NMDC follow-on-public offer (FPO) is priced at a deep discount and that will excite retail investors, says Udayan Mukherjee, Managing Editor, CNBC-TV18. I think the NMDC current market price is actually way over blown because of its limited float. ...
FPO Note NMDC LIMITED. Deposit 11B is likely to start by October 2010 and the target ...FPO Note NMDC LIMITED. Iron Ore Reserves & Quality Strength. NMDC has 1.2 bn reserves of iron ore with an average 64‐65% Fe grade ...
NMDCFPO review and analysis by Angel Broking. Date: 17 March 2010 ... National Mineral Development Corporation (NMDC) is India's leading iron ore producer and enjoys the benefits of huge iron ore reserves, high ...
NMDCFPO price-band to be fixed on 8 March; issue opens 10 March, The FPO comprises a net offer to the public of 330,500,000 equity shares of face value of Re1 each, Money Matters