Key Points
Mumbai: Market participants are recommending caution to retail investors who are mulling putting money in the government's share sale of NLC India, one of the top stock performers in the past year, on Monday..
Investors could, however, consider purchases of NLC shares on further declines...
The government is selling as much as 97 million shares (including the green shoe option) in the OFS and has set the floor price at 212 a share..
"Retail investors should subscribe to the OFS only if they see a material difference in the share price compared to the floor price," said Arun Kejriwal, founder, KRIS, a Mumbai-based investment consultancy firm..
Analysts said since the OFS will result in the supply of shares in the market, it could weigh on the stock price..
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