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NMDC FPO is a book built issue of Rs 9,930.45 crores.
NMDC FPO bidding started from March 10, 2010 and ended on March 12, 2010. The shares got listed on BSE, NSE on March 30, 2010.
NMDC FPO price band is set at ₹300 to ₹350 per share. The minimum lot size for an application is 20 Shares. The minimum amount of investment required by retail investors is ₹7,000.
Citigroup Global Markets India Private Limited, Edelweiss Financial Services Ltd, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Pvt Ltd and Ubs Securities India Private Limited are the book running lead managers of the NMDC FPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to NMDC FPO RHP for detailed information.
| IPO Date | March 10, 2010 to March 12, 2010 |
| Listing Date | March 30, 2010 |
| Face Value | ₹1 per share |
| Price Band | ₹300 to ₹350 per share |
| Lot Size | 20 Shares |
| Total Issue Size | 332,243,200 shares (aggregating up to ₹9,930.45 Cr) |
| Issue Type | Book Built Issue FPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 3,964,716,000 |
| Share holding post issue | 3,964,716,000 |
NMDC FPO offers 332,243,200 shares. 165,250,000 (49.74%) to QIB, 49,575,000 (14.92%) to NII, 115,675,000 (34.82%) to RII, 1,743,200 (0.52%) to employees. 5,783,750 RIIs will receive minimum 20 shares and (sNII) and (bNII) will receive minimum 580 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 165,250,000 (49.74%) | NA |
| NII (HNI) Shares Offered | 49,575,000 (14.92%) | |
| Retail Shares Offered | 115,675,000 (34.82%) | 5,783,750 |
| Employee Shares Offered | 1,743,200 (0.52%) | NA |
| Total Shares Offered | 332,243,200 (100%) |
Investors can bid for a minimum of 20 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹7,000 |
| Retail (Max) | 28 | 560 | ₹196,000 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 98.38% |
| Share Holding Post Issue | 90% |
Incorporated in 1958, NMDC Ltd is a fully Government of India owned public enterprise. NMDC is under the administrative control of the Ministry of Steel, Government of India. NMDC 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 is the India's single largest iron ore producer and exporter, presently producing about 30 million tons of iron ore from 3 fully mechanized mines viz., Bailadila Deposit-14/11C, Bailadila Deposit-5, 10/11A (Chhattisgarh State) and Donimalai Iron Ore Mines (Karnataka State) which are awarded ISO 9001-2000 certification. NMDC has the only mechanized diamond mine in the country with a capacity of 1.00 lakh carats / annum at Panna ( Madhya Pradesh State ). Apart from iron ore NMDC is developing Magnesite mine in Jammu and Arki Lime Stone Project in Himachal Pradesh.
In the past, NMDC had developed many mines like Kiriburu, Meghataburu iron ore mines in Bihar , Khetri Copper deposit in Rajasthan, Kudremukh Iron Ore Mine in Karnataka, Phosphate deposit in Mussorie, some of which were later handed over to other companies in public sector and others became independent companies.
| KPI | Values |
|---|---|
| RoNW | 37.48% |
This is an offer for sale of 332,243,200 Equity Shares by the GoI representing 8.38% of the outstanding Equity Share capital of the Company as a part of the decision of GoI to divest part of its shareholding in our Company. This being an offer for sale, the Company shall not receive any proceeds of this Offer and all the proceeds shall be received by the Selling Shareholder.
The NMDC FPO is subscribed 1.25 times on March 12, 2010 7:30:00 PM. The public issue subscribed 0.22 times in the retail category, 2.28 times in the QIB category, and 0.22 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 2.28 |
| NII | 0.22 |
| Retail | 0.22 |
| Employee | 0.07 |
| Total | 1.25 |
| Listing Date | March 30, 2010 |
| BSE Script Code | 526371 |
| NSE Symbol | NMDC |
| ISIN | INE584A01023 |
| Final Issue Price | ₹300 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹300.00 |
| ₹286.00 |
| ₹286.00 |
| ₹300.30 |
| ₹294.65 |
| NSE |
|---|
| ₹300.00 |
| ₹286.50 |
| ₹286.00 |
| ₹300.40 |
| ₹294.50 |
NMDC Limited
Khanij Bhavan, 10-3-311/A,
Castle Hills, Masab Tank,
Hyderabad – 500 173, Andhra Pradesh
Phone: +91 40 2353 8757
Email: divest2010@nmdc.co.in
Website: http://www.nmdc.co.in
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: nmdc.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Lead Manager Reports
NMDC FPO is a main-board FPO of 332,243,200 equity shares of the face value of ₹1 aggregating up to ₹9,930.45 Crores. The issue is priced at ₹300 to ₹350 per share. The minimum order quantity is 20 Shares.
The FPO opens on March 10, 2010, and closes on March 12, 2010.
Kfin Technologies Limited is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.
The NMDC FPO opens on March 10, 2010 and closes on March 12, 2010.
NMDC FPO lot size is 20 Shares, and the minimum amount required is ₹7,000.
You can apply in NMDC FPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for NMDC FPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the NMDC FPO allotment status.
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