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  #1  
Old 13th January 2018, 11:03 AM
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Default NMDC OFS Allotment Price

Hii sir, I Wants to know the Offer Bidding Price of the National Mineral Development Corporation ?
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  #2  
Old 13th January 2018, 12:26 PM
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Default Re: NMDC OFS Allotment Price

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
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