Rail Vikas Nigam Ltd IPO - Should you subscribe?
On March 13, 2019, Kolkata based PSU MSTC Ltd debuted in the primary market with its Rs. 226.18 Crore IPO. I don't know the Nakshtra in which this IPO was launched that it received a super lame response from the investors. The IPO was launched with a lot of expectations but miserably failed to attract the investors. It seems that investors have lost the faith in PSUs. Due to poor subscription figures, the closure date had to be extended by a couple of days. On March 22, 2019, finally, the issue managed to subscribed by 1.46 times. The share is yet to be listed on the bourses and the fate is yet to be unraveled on March 29, 2019. The vibes are negative and the share is expected to be listed at discount. If you are allotted the shares, just fold your hands and pray to God. You don't have any choice either, LOL! The Government Of India has been struggling to achieve it's 2018-19 disinvestment target of Rs. 80,000 Crore. Due to Lok Sabha election round the corner and po