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  #1  
Old October 24th, 2017, 09:19 AM
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Default NMDC IPO Rate

Hi I would like to have the information about the "Further Public Offer" (FPO) offered by Government of India for NMDC?
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  #2  
Old October 24th, 2017, 10:25 AM
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Default Re: NMDC IPO Rate

NMDC is entering the capital market on tenth March, 2010 with a "Further Public Offer" (FPO) of 33.22 crore value offers of Re. 1 each, for which the value band of Rs.300 to Rs.350 per share has been reported. The retail financial specialists will get a markdown of 5% on found cost. The offer shut at Rs. 400 on eighth March 2010, post which , this value band has been reported.

In spite of the fact that the offers of the organization are recorded on BSE and NSE, they have been recorded without the organization having turned out with an IPO. So infact, the present one is an IPO and not FPO, as called it is being alluded to now. On 28th December 93, Govt. of India, stripped 21.30 lakh offers to insurance agencies with a little segment to open also. Post this, the organization issued 2 extra offers for each 1 share held, as likewise, split the face an incentive to Re. 1, which has come about the buoy to ascend to 6.40 crore shares. Of this, 5.49 crore shares are presently held by 21 institutional speculators, while, 92 lakh shares, being 0.23 for every penny, is held by people in general. Because of this, the offer isn't seeing productive value revelation.

For FY09, the aggregate wage of the organization was at Rs. 8,575 crores with PAT at Rs. 4,372 crores, bringing about an EPS of Rs. 11. Book esteem per share, as at 31-03-09, remained at Rs. 29.30. In any case, initial 9 months of FY10, has been demonstrating a declining pattern of operations, with add up to wage at Rs. 4,882 crores with PAT at Rs. 2,382 crores, bringing about an EPS of Rs. 6.

Objects of the Issue:

This is an offer available to be purchased of 332,243,200 Equity Shares by the GoI speaking to 8.38% of the exceptional Equity Share capital of the Company as a piece of the choice of GoI to strip some portion of its shareholding in our Company. This being an offer available to be purchased, the Company might not get any returns of this Offer and all the returns should be gotten by the Selling Shareholder.

Issue Detail:

Issue Open: Mar 10, 2010 - Mar 12, 2010
Issue Type: Book Built Issue FPO
Issue Size: 332,243,200 Equity Shares of Rs 1 aggregating up to Rs 9,930.45 Cr
Face Value: Rs 1 Per Equity Share
Issue Price: Rs 300 - Rs 350 Per Equity Share
Market Lot: 20 Shares
Minimum Order Quantity: 20 Shares
Listing At: BSE, NSE
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