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NMDC FPO gets poor response on day one
Like its predecessors REC and NTPC, mining major NMDC, the third government-owned company to hit the markets this year, received tepid response on the first day of follow-on offer (FPO). According to bidding details available on the National Stock Exchange website, the FPO was subscribed only 0.17 times with bids received for 57.12 million shares. The data also show that the bids were at the lower
Like its predecessors REC and NTPC, mining major NMDC, the third government-owned company to hit the markets this year, received tepid response on the first day of follow-on offer (FPO). According to bidding details available on the National Stock Exchange website, the FPO was subscribed only 0.17 times with bids received for 57.12 million shares. The data also show that the bids were at the lower
Brokerages find NMDC's follow-on offer expensive
The follow-on public offer (FPO) of NMDC has not found favour with most brokerages due to its high valuations. While market experts agree that NMDC does enjoy the benefits of huge iron ore reserves
The follow-on public offer (FPO) of NMDC has not found favour with most brokerages due to its high valuations. While market experts agree that NMDC does enjoy the benefits of huge iron ore reserves
NMDC plummets 9% on BSE ahead of FPO
Mumbai: Shares of NMDC on Tuesday fell sharply by about 9 per cent in early trade on the Bombay Stock Exchange, a day after the Government fixed the price band for the company's follow-on public offer
Mumbai: Shares of NMDC on Tuesday fell sharply by about 9 per cent in early trade on the Bombay Stock Exchange, a day after the Government fixed the price band for the company's follow-on public offer
Markets at a glance
The BSE Sensex surged 565 points or 3.4 per cent to 16,995 during the week, while Nifty rose 166.40 points or 3.4 per cent to 5,089. A positive Budget, surge of manufacturing and services activity
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