NMDC OFS Allotment Price

Hii sir, I Wants to know the Offer Bidding Price of the National Mineral Development Corporation ?

[Rajkumar Agarwal]

NMDC, India based iron ore producer and exporter, is coming up with Offer for Sale (OFS) which will open on Dec 12th.

Government of India owns 80% shares of NMDC and planning to sell 10% to raise around $1.2 billion though this Offer.

NMDC OFS Bidding Detail

Offer Size No. of Shares: 39,64,71,600
Cumulative Bid Quantity: 73,24,79,476 (As on Dec 12 2012 4:00PM)
Over Subscription: 1.85 times.


Offer Detail

Bidding Start Time: 9:15
Bidding End Time: 15:30
Offer Size No. of Shares: 39,64,71,600
Face Value: 1
Floor Price: 147.00
Lot Size: 1
Tick Price: 0.05
Minimum Bid Quantity: 1
Maximum Bid Quantity: 39,64,71,600
Allocation Methodology: PRICE PRIORITY
Seller Members:
Axis Capital Ltd,
Citigroup Global Markets India Pvt Ltd,
DSP Merrill Lynch Ltd,
Goldman Sachs (India) Securities Private Ltd,
ICICI Securities Ltd