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The Government of India is divesting 68,961,012 shares (12.5% stake) in Rashtriya Chemicals & Fertilisers (RCF) out of its shareholding of 92.5% in the domestic market through Offer for Sale (OFS). The company has fixed a floor price of Rs45, which is at a premium of 2.6% from its current market price (CMP) Rs44. At the CMP, the stock is trading at a PE of 8.7x on TTM basis and at the floor price of the issue of Rs45, it is trading at 9.0x on TTM basis. We recommend investors to SUBSCRIBE the RCF issue as it is fairly valued and the successful completion of projects in pipeline will provide upside to the stock in the future.Download Full Report