NMDC Limited FPO : Finally subscribed 1.25 times

by khalid on 20/03/2010 · 0 comments

NMDC Ltd. is a Government of India fully owned public enterprise and a Navratna company, which is under the administrative control of the Ministry of Steel, Government of India. The FPO of NMDC Ltd, which was open for subscription between 10th March to 12th March 2010, has finally subscribed 1.25 times on an overall basis. Though its a Navratna company, response from all categories is very minimal and only QIB Category has shown some interest to subscribe it and overbid for 2.28 times.

The category-wise subscription status of NMDC Ltd. on closing day is given below:-
QIB: 2.28 Times
Non-Institutional Investors: 0.22 Times
Retail: 0.22 Times
Employee : 0.07 Times
Overall: 1.25 Times

NMDC Ltd. is involved in the exploration of wide range of minerals including iron ore, copper, rock phosphate, lime stone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, beach sands etc. NMDC has the only mechanized diamond mine in the country with a capacity of 1.00 Lakh carats / annum at Panna.

Issue Detail:-
Issue Open : 10th Mar 2010 to 12th Mar 2010
Issue Type : 100% Book Built Issue FPO
Issue Size : 332243200 Equity Shares of Rs 1
Issue Size : Rs. 9967.30 Crores at lover end – Rs 11628.51 Crores at upper end
Face Value : Rs. 1 Per Equity Share
Issue Price : Rs. 300 – Rs. 350 Per Equity Share
Market Lot : 20 Shares
Minimum Order Quantity : 20 Shares
Listing At : BSE, NSE

Book Running Lead Manager(s) to the issue are Citigroup Global Markets India Private Limited, Edelweiss Capital Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Pvt Ltd and UBS Securities India Private Limited.

Registrar of the Issue is Karvy Computershare Private Limited, Hyderabad.

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