NTPC may set Rs 142 as floor price for OFS: SP Tulsian

NTPC-OFS may have Rs 142 as floor price, says SP Tulsian of sptulsian.com.

Tulsian told CNBC-TV18, “NTPC offer for sale (OFS), I have been giving a price of Rs 142 because government has to really be very cautious. Such a big size issue, I don’t think that foreign institutional investors (FIIs) will really be too enthused in the issue and the indications which we have been getting of Rs 145, if that comes in that will be see quite aggressive and in fact I am not expecting very good response from the FIIs to come in.”
He further added, “Life Insurance Corporation (LIC) and the other insurance companies may have to subscribe to this and I am expecting that more than 60 percent of the chunk will be taken by these insurance companies. So, it all depends on what will be the floor price which I am saying has to be about Rs 142.”