Tata Steel follow-on public offering (FPO) will open on January 19. It will last for 3 days till January 21 2011.
The price band for Tata Steel FPO share will be from Rs 590 to Rs 610. But one will definitely get the share at upper band of Rs 610.
Present price of Share is fluctuating between 610 to 625 Rupees. hence their seems a decent profits to the investors who will invest in this FPO.
Tata Steel has reports a net profit of Rs. 1978.81 crore in 2nd quarter in September 2010. Hence the investors seems optimistic in this.
This FPO is for 57 million ordinary shares of Rs 10 each of the company and company will use this big sum of money in expansion plans coming in Jamshedpur based Company. Listing will be made few days after FPO launch.
