NMDC FPO Price Band Fixed - Indian IPO Blog

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Tuesday, March 9, 2010

NMDC FPO Price Band Fixed

The price band for National Minerals Development Corporation (NMDC) Follow-on Public Offer (FPO) is fixed at Rs.300/- to Rs.350/- per equity share.

NMDC Ltd. is a fully owned Government of India public enterprise and a Navratna company, which 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 has the only mechanized diamond mine in the country with a capacity of 1.00 Lakh carats / annum at Panna

NMDC FPO would consist of 332,243,200 Equity Shares, having a Face Value of Re.1/- each

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