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16 Mar, 2010
Don't see returns in NMDC for next six months: Irani
Mehraboon Irani, Centrum Broking feel that in NMDC investors may not make money at all atleast for the next six months.
Source: Moneycontrol.com
Click here for the full article.15 Mar, 2010
NMDC issue priced at Rs 300, retail gets it for Rs 285
Staterun miner NMDC said on Monday the government had set the issue price for the company's followon share offer at Rs 300 each, while for retail investors and employees it would be Rs 285.
Source: Moneycontrol.com
Click here for the full article.15 Mar, 2010
NMDC issue priced at Rs 300; shares dip 5%
The stock of NMDC came off by 5% to close at Rs 344.60, after the issue price for the follow-on public offer (FPO) was fixed at Rs 300 per equity share.
Source: The Financial Express
Click here for the full article.15 Mar, 2010
NMDC fixes FPO issue price at Rs300 per share
The Navratna PSU has offered a 5% discount to retail investors and employees at Rs285 per share, NMDC said in a filing to NSE
Source: Livemint.com
Click here for the full article.15 Mar, 2010
NMDC loses further ground after pricing FPO at Rs 300 per share
NMDC fell 3.12% to Rs 351.40 at 11:17 IST after th......
Source: NDTVPROFIT.com
Click here for the full article.12 Mar, 2010
NMDC FPO fully subscribed on QIB support
Finally the followon public offer of NMDC, a navratna public sector undertaking, fully subscribed on last day. Qualified insitutional investors helped the issue to get through.
Source: Moneycontrol.com
Click here for the full article.12 Mar, 2010
Subscribe to NMDC FPO at Rs 300: Maximus Securities
Maximus Securities Research has come out with a research report on NMDC's FPO. The broking firm has recommended applying to the issue at the lower price band.
Source: Moneycontrol.com
Click here for the full article.12 Mar, 2010
Investor interest in FPO will be evident by dayend: NMDC
Unperturbed by the low subscription figures of followon public issue of NMDC, Rana Som, CMD of the company told CNBCTV18 that he was confident of the issue getting significant response by dayend.
Source: Moneycontrol.com
Click here for the full article.12 Mar, 2010
NMDC issue scrapes through with govt aid
Public sector Life Insurance Corporation and State Bank of India have ostensibly bailed out the follow-on offer of state-owned mining firm NMDC. The two firms have reportedly put in close to Rs 8,200 crore, or around nearly 80% of the issue amount, of Rs 9,800 crore, at the lower end of the price band. The subscriptions by the insurer and India's biggest bank, reportedly at Rs 7,500 crore and Rs 700 crore respectively, ensured that the issue was finally subscribed 1.25 times.
Source: The Financial Express
Click here for the full article.12 Mar, 2010
NMDC issue gets over pricing blues
After a sedate start, the follow-on public offer of NMDC saw interest reviving on the second day of book building, with bids for 79 per cent of the shares on offer.
Source: Rediff.com
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