Shipping Corporation of India - FPO

a2744010

Active Member
#2
Price band is very shocking to begin with. Knowing the true value of this gem I'll be putting 4 lots assuming there'll be very little interest of retail and all will be busy in hysteria called MOIL and not much subs level. I have had profits from this in past and was looking to get in again so my aim is not listing gains but investing. Available at rs 5 lower than year's low and with current NAV at 150 and since reason of FPO is not just disinvestment but buying new fleets which will start to give profits from next quarter, I'm ready to take a bet at 140. I just hope it don't go NMDC way after listing.