I see no reason why there will be no oversubscription of this upcoming IPO, the biggest from Dangote Dynasty! You only need to remember that the he too is out to make profit, otherwise why sell only 30% of Dangote Flour, the minimum rquired to be eligible for listing at NSE ? I believe the game plan is to artificially push up the unit price, and then Mr Dangote can start to sell some of his warehoused shares at stupendous profit before verification of share certificates is completed by his registrar. Though he claims to be helping Nigerians to make money (appluase), he is the biggest beneficiary. This is a symbiotic relationship, no looser in the end. He did the same with the Sugar company. Don't get me wrong, i will definitely partake in the cement offer but i will not be putting all my eggs in only ''dangote basket''.
What do people think? What is the best approach for maximum gain and minimum loss from oversubscription?
Please, the Gurus in the house we need your expert opinions.
