Thursday, February 25, 2010

NMDC Ltd FPO opening on Mar 10 to Mar 12,

NMDC Ltd is coming out with a a follow-on public offer (FPO) of 332,243,200 Equity Shares of Rs.1 for cash, at a premium to be decided through a 100% Book built issue. 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.

The issue opens on March 10, 2010, and closes for subscription on March 12, 2010. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The book running lead managers of the issue are Citigroup, Edelweiss, Kotak Mahindra, Morgan Stanley and UBS Securities. Karvy Computershare Pvt Ltd is the registrar.

Detailed information is now available on NMDC Ltd FPO information page.


NMDC Ltd FPO Allotment Status
NMDC FPO Listing Date