NMDC FPO Allotment Status is declared online can be checked from the link given below

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NMDC FPO Allotment Status is not yet available online. The link for NMDC FPO Allotment Status will be updated here as soon as it is made available online.

NMDC FPO had received feeble subscription from the Retail Category which was subscribed 0.22 times. The Issue Price for the FPO was fixed at Rs.300/- per equity share, which was also the floor price of the Price Band of Rs.300/- to Rs.350/- per equity share. Retail Investors would receive a 5% Discount on the Issue Price. Thus, Retail Investors would get Rs.15/- per equity share as discount on an Issue Price of Rs.300/- per equity share. Consequently, the Retail Investors would get Equity Shares at Rs.285/- per equity share



Update: NMDC FPO Allotment Status declared

The Issue Price for the Follow-on Public Offer of NMDC Ltd. is fixed at Rs.300/- per equity share, which is the floor price of the Price Band of Rs.300/- to Rs.350/- per equity share. As declared earlier, Retail Investors will receive a 5% Discount on the Issue Price. Thus, Retail Investors will get Rs.15 as discount to the Issue Price of Rs.300. Consequently, the Retail Investors will get Equity Shares at Rs.285/- per equity share

The Follow-on Public Offer (FPO) of National Mineral Development Corporation (NMDC) Limited, a fully owned Government of India public enterprise, which had opened for subscription from Wednesday, March 10, 2010, had received an average response from Investors with the IPO finally getting subscribed 1.25 times on an overall basis, with major subscription coming only from the QIB Category, which was overbid 2.28 times.

The response from the other categories was also keen. Even the response from Retail Investors was unenthusiastic with the FPO managing only 22% subscription in Retail Category

The Follow-on Public Offer (FPO) of National Mineral Development Corporation (NMDC) Limited, a fully owned Government of India public enterprise, which had opened for subscription from Wednesday, March 10, 2010, has been finally subscribed 1.25 times on an overall basis, with major subscription coming only from the QIB Category, which was overbid 2.28 times. The response from the other categories has not been keen. Even the response from Retail Investors, who will be offered a 5% discount on the Issue Price after the book building process, has been unenthusiastic with the FPO managing only 22% subscription in Retail Category

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

Click here to check out NMDC FPO Subscription Status (Final)

QIB: 2.28 times
Non-Institutional Investors: 0.22 times
Retail: 0.22 times
Employees: 0.07 times
Overall: 1.25 times

NMDC FPO has been subscribed 1.24 times on an overall basis till 1800 hrs IST on the closing day as per data available on the NSE Website. NMDC FPO, which had opened on Wednesday, March 10, 2010, has not attracted an extraordinary subscription.

Stay tuned to Indian IPO Blog for precise final subscription status of NMDC FPO


Update: NMDC FPO finally subscribed 1.25 times

NMDC FPO, which closes for subscription today has been bid about 85% on an overall basis till 2:00 PM as per data available on the NSE website

Check back Indian IPO Blog for detailed NMDC FPO subscription status of closing day


Update: NMDC FPO finally subscribed 1.25 times

NMDC FPO has gathered close to 80% subscription till the second day of its opening. The FPO, which closes for subscription tomorrow, i.e. on Friday, March 12, 2010, has been subscribed 79.53% on an overall basis. Apart from QIB Category, which is fully subscribed at 1.56 times, the subscription in the other categories has been marginal. Following is the category-wise bidding status on Day 2:


NMDC FPO - Bidding Status as on Day 2, i.e. Thursday, March 10, 2010 1700 hrs IST:
QIB: 1.56 times
Non-Institutional Investors: 0.01 times
Retail: 0.03 times
Employees: 0.04 times
Overall: 0.80 times


Update: NMDC FPO finally subscribed 1.25 times

NMDC FPO, which opened for subscription from today, i.e. Wednesday, March 10, 2010, has been greeted with a not so enthusiastic response with the FPO getting subscribed 0.17 times on the opening day. The response in the Retail Category has also been negligible with the category getting negligible subscription on First Day. Following is the Category-wise subscription figures of NMDC FPO on its opening day:

NMDC FPO Bidding Status as on Wednesday, March 10, 2010 1700 hrs IST:
QIB: 0.34 times
Non-Institutional Investors: 0.00 times
Retail: 0.01 times
Employees: 0.00 times
Overall: 0.17 times

NMDC FPO would remain open for subscription till Friday, March 12, 2010. Keep checking back Indian IPO Blog for day-to-day Bidding Status on NMDC FPO!
 

Update: NMDC FPO finally subscribed 1.25 times

Issue Size: 332,243,200 Equity Shares of Rs. 1 each

Issue Opens on: Wednesday, March 10, 2010
Issue Closes on: Friday, March 12, 2010
Price Band: Rs.300/- to Rs.350/- per equity share
Bid Lot: 20 Equity Shares and in multiples thereof
Listing At: BSE, NSE

NMDC FPO Bid Lot will be 20 Equity Shares and in multiples thereof. The FPO consists of 332,243,200 Equity Shares of Rs.1/- each in a price band of Rs.300/- to Rs.350/- per equity share. The Retail Individual Bidders and Eligible Employees will receive a 5% discount to the offer price determined pursuant to the completion of the book-building process

NMDC FPO opens for subscription from Wednesday, March 10, 2010 and would remain open for subscription till Friday, March 12, 2010

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

The price band for the IPO of NMDC Ltd., which opens for subscription from tomorrow, i.e. Wednesday, March 10, 2010 will be declared today. 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

Check back this post frequently for latest updates of NMDC FPO Price Band and other updates on NMDC FPO!

Update: NMDC FPO Price Band Fixed

- Draft Red Herring Prospectus (SEBI)
- Red Herring Prospectus (NSE)

The price band for the upcoming FPO of National Mineral Development Corporation (NMDC) Limited will be declared atleast one day prior to the date of opening of the FPO. The same will be updated here as soon as it is made available

National Mineral Development Corporation (NMDC) Limited, a fully owned Government of India public enterprise, is coming up with a Follow-on Public Offer (FPO), which would be open for subscription between Wednesday, March 10, 2010 and Friday, March 12, 2010

Earlier, the Company had filed a Draft Red Herring Prospectus (DRHP) for the FPO, which would consist of 332,243,200 Equity Shares, having a Face Value of Re.1/- each

Stay tuned to Indian IPO Blog for latest updates on NMDC FPO!

NMDC Ltd., a Government of India fully owned public enterprise, under the administrative control of the Ministry of Steel, Government of India, is coming up with a Follow-on Public Offer (FPO) of 332,243,200 Equity Shares of Face Value Re.1/- each

The Retail Individual Bidders and Eligible Employees will receive a 5% discount to the offer price determined pursuant to the completion of the book-building process

NMDC FPO opens for subscription from Wednesday, March 10, 2010 and would remain open for subscription till Friday, March 12, 2010

National Mineral Development Corporation (NMDC) Limited, a fully owned Government of India public enterprise, is coming up with a Follow-on Public Offer (FPO), which would be open for subscription between Wednesday, March 10, 2010 and Friday, March 12, 2010

NMDC was incorporated in 1958 and 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

Earlier, the Company had filed a Draft Red Herring Prospectus (DRHP) for the FPO, which would consist of 332,243,200 Equity Shares, having a Face Value of Re.1/- each. The offer would comprise a net offer to the public of 330,500,000 equity shares and a reservation of 1,743,200 equity shares for purchase by eligible employees at a discount of 5% of the floor price

NMDC FPO may hit the markets in the second week of March 2010. NMDC 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. NMDC has the only mechanized diamond mine in the country with a capacity of 1.00 Lakh carats / annum at Panna

Earlier, NMDC had filed a Draft Red Herring Prospectus (DRHP) for a Follow-on Public Offer(FPO) of 332,243,200 Equity Shares, having a Face Value Re.1/- each

NMDC has filed a Draft Red Herring Prospectus (DRHP) for a Follow-on Public Offer(FPO) of 332,243,200 Equity Shares, having a Face Value Re.1/- each. The offer would comprise a net offer to the public of 330,500,000 equity shares and a reservation of 1,743,200 equity shares for purchase by eligible employees at a discount of 5% of the floor price

NMDC is a 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. NMDC has the only mechanized diamond mine in the country with a capacity of 1.00 Lakh carats / annum at Panna

Details of NMDC FPO will be updated here later. Check back Indian IPO Blog for more on NMDC FPO!