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..
You might be interested in
Stocks to Watch: Tata Tech, Gandhar Oil, Thomas Cook, JSW Infra, Zomato
30, Nov, 23Hindustan Copper and Manappuram Finance are in the NSE F&O ban list for 30 November
Flair share price hits 10% lower circuit after dream debut. Buy, wait or exit?
01, Dec, 23Flair share price hitting lower circuit within few minutes of strong debut may put doubt among genuine investors, believes primary market expert Arun Kejriwal
Coal India OFS gets strong institutional support; is it worth a bet for retail investors?
01, Jun, 23The Indian government received good response from institutional investors in the third offer for sale (OFS) of a stake in Coal India, with the non-retail portion oversubscribed by 346%. However, CIL shares have underperformed in the four years since the government offloaded 10% of its stake for INR220bn ($3bn) in 2015, returning negative 8%. CIL announced an 8% increase in major coal grade prices this week, its first significant hike in five years. Retail investors, who are offered a 7% discount, may welcome the opportunity to buy shares at a lower price point, according to experts.
Government to sell additional 1% stake in NHPC as OFS gets overwhelming response
18, Jan, 24On Wednesday, the government announced plans to sell 251,125,870 shares, representing a 2.5% stake in NHPC, and set the floor price at Rs 66/share. This was at a steep discount of nearly 10% to the closing price of the stock. Further, the government said it would sell an additional 100,450,348 shares, representing a 1% stake, in case of an oversubscription.
Wockhardt share price hits upper circuit of 5% as it raises ₹480 crore via QIP: What's happening
27, Mar, 24Wockhardt share price: Wockhardt stock was in the upper circuit of 5% at ₹555.80 on BSE and a total of 3935 shares of the firm changed hands.
RVNL share price falls over 6% as offer for sale opens
27, Jul, 23RVNL OFS will be open for non-retail on July 27 and for retail investors on July 28. The government is set to divest 5.36% stake in the company, including a green shoe option of 1.96%.
Jio Financial Services share price ends over 2% higher amid recovery from lows
25, Aug, 23Jio Financial Services share price opened at a 5% lower circuit at ₹205.15 apiece on the BSE on Friday. However, JFSL shares witnessed some buying and recovered from day’s low to hit an intraday high of ₹225.00 apiece.
Nestle stock split to make India's 6th highest priced stock affordable
05, Jan, 24With January 5 as the record date, shares of the MNC FMCG firm will go ex-split in 1:10 ratio. This means that if you own 1 share of Nestle India as on the record date, the sub-division will leave you with 10 shares.
Reliance share price pulls back from one year low. Buy or wait?
21, Mar, 23Reliance Industries shares may surge to the tune of 35 per cent in next 12 months, believes CLSA
Azad Engineering IPO gives 170% return to allottees in two months of share listing
04, Mar, 24Azad Engineering IPO was launched in December 2023 at a price band of ₹499 to ₹524 per equity share