If the company is sold first it should fetch atleast 32000 crore because NINL was sold by government for 12,000 crore which was a 1.1 MT plant.NMDC steel plant is new and hence should atleast fetch 3/1.1 *12000 which is 32000 crore.
If the government sells it first then it would sell it for 32k crore and will give a one time dividend which should make the buy worthwhile.However if the government demerges it first the actual price may not be reflected in the share price which would not make it a compelling option.
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