@485 Sadiq Your information was correct. It is trading even below that range (ie 325 now). Where did you get this tip? What would be market price at the time of FPO shares listing?
@ dragon master, ofcourse all retail investors will recieve whatever they have applied for unless their application got rejected. Plz put only correct information. Could you tell us all as to where u got that allotment details from?
NMDC would list in future and option. It would be available at low rate in the begining of April due to selling from retail investors, but in the end of month would rise due to short coverings.
Chairman of NMTC was saying (on CNBC) that the shares will be listed in first week of April. Dont know y are they taking sooo much of time when REC could complete it within 2 weeks..
IPO WATCHER'S SECOND OUTCOME IS ONLY POSSIBLE . IF YOU DO NOT BELIEVE ME , CALL THE KARVY NUMBER GIVEN IN THIS WEBPAGE AND ASK ABOUT ALLOTMENT . HE WILL REPLY 29TH OR 30TH .
u can sell the NMDC shares today with those brokers who allow positional short selling. with icici direct and such others, u cant do it.
if you short sell there are 2 possibilities: 1. the shares are credited on 25 th and you give delivery and take home profit.
2. the shares are not credited by 25 TH AND YOU ARE REALLY SHORT. the seller looses hevily ( atleast 8-10 %)as the square off will be done by auction and three is v low liquidty in NMDC.
the latter appears to be more likely.let the alottment be out first.