Though I didn't apply in NMDC , But I feel it will give good returns to retailers (like REC).Remember Retail portion is at 5% discount and Big institution will not let it fall below 300.
NMDC Down 6% today this is a slap on sanjay aggarwal face just 2 days down like these will make it go below 300 rs. wait and watch and be ready to shift in jhpad pati soon.
best of luck you can enjoy rains in ur new jhopad patti.
NMDC issue priced at Rs 300, retail gets it for Rs 285 http://www.moneycontrol.com/news/ipo-issues-open/nmdc-issue-priced-at-rs-300-retail-gets-it-for-rs-285_446693.html
i applied NMDC at the price of Rs.300 in retail. As retailers has 5% discount. Do i get at the NMDC at 285 or 300? What should i do to get 5% discount?
Ha Ha Ha Most of the people here are idiots, they believe NMDC will be below issue price of Rs.285 (for retail investors) by the time FPO shares will hit the market. These idiots said the same about NTPC and REC. I made Rs.2100 (1000+1100) in NTPC from my two accounts (self and wife) and Rs.27000 (13200 + 13800) from REC. I just bought DELL laptop (model no. VOSTRO 1088) from this money. Now I plan to buy a LCD TV from the money made from NMDC FPO. Meanwhile idiots apply for other low quality private firm ipos where the max benefit per account is 2000-3000 INR. Wow these people really amaze me.
NMDC Ltd said on Monday the government had set the issue price for the company's follow-on share offer at Rs 300 each, while for retail investors and employees it would be Rs 285.
NMDC's $2.2 billion share sale, which closed on March 12, was subscribed 1.25 times, with most bids at the lower end of the Rs 300 to 350 price range.
I AGREE WITH GEM IPO THIS STOCK WILL NOT STAY ABOVE ISSUE PRICE BY THE TIME SHARES ARE ALLOTTED BECOZ THIS WAS LAST DISINVESTMENT IN RECENT TIME AND GOVT ALREADY NOW HAVE MONEY IN THEIR HANDS NOW. THIS IS A LARGE FPO SIZE SO EVEN THEN 2000-3000 CRORE IN HANDS OF RETAILERS AND HNI WILL BE SOLD HEAVILY ON DAY OF ALLOTMET WHICH GOVT WONT LIKE JUST THE CASE OF NHPC. STILL AT ABOVE 30 P/E IT IS EXPENSIVE EVEN AT 280-300 RS.
I WOULD SAY EVEN IF YU GET GAIN OF 5 RS(THOUGH CHANCES ARE LESS) GET OUT OF THIS IMMEDIATELY.
INSTEAD BUY TCS WHICH IS GOING TO 1200 TARGET SOON