Bookbuilding FPO | ₹9,930 Cr | Listed at BSE, NSE | Wed, Mar 10, 2010 - Fri, Mar 12, 2010
NMDC FPO is a book build issue of ₹9,930.45 crores. The issue is entirely an offer for sale of 33.22 crore shares of ₹9,930.45 crore.
NMDC FPO bidding started from Mar 10, 2010 and ended on Mar 12, 2010. The shares got listed on BSE, NSE on Mar 30, 2010.
NMDC FPO price band is set at ₹300 per share. The lot size for an application is 20. The minimum amount of investment required by an retail is ₹7,000 (20 shares) (based on upper price). The lot size investment for sNII is 34 lots (680 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (3,340 shares), amounting to ₹10,02,000.
The issue includes a reservation of up to 17,43,200 shares for employees offered at a discount of ₹15.00 to the issue price.
Citigroup Global Markets India Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to NMDC FPO RHP for detailed Information.
FPO Open
Wed, Mar 10, 2010
FPO Close
Fri, Mar 12, 2010
Issue Price
₹300 per share
Market Cap (Pre-IPO)
₹1,18,941.48 Cr
| IPO Date | 10 to 12 Mar, 2010 |
| Listed on | Tue, Mar 30, 2010 |
| Face Value | ₹1 per share |
| Price Band | ₹300 to ₹350 |
| Issue Price | ₹300 per share |
| Lot Size | 20 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Retail Discount | Rs 15.00 per share |
| Employee Discount | ₹15.00 |
| Total Issue Size | 33,22,43,200 shares (agg. up to ₹9,930 Cr) |
| Offer for Sale | 33,22,43,200 shares of ₹1 (agg. up to ₹9,930 Cr) |
| Share Holding Pre Issue | 3,96,47,16,000 shares |
| Share Holding Post Issue | 3,96,47,16,000 shares |
| BSE Script Code / NSE Symbol | 526371 / NMDC |
| ISIN | INE584A01023 |
NMDC FPO comprises a total issue size of 33,22,43,200 shares. The net offer to the public is 33,05,00,000 shares, after excluding 17,43,200 shares under a preferential allotment. Of the Net offer 16,52,50,000 (50.00%) are allocated to QIB, 4,95,75,000 (15.00%) allocated to NII 11,56,75,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 16,52,50,000 | 50.00% | 49.74% | NA |
| NII (HNI) Shares Offered | 4,95,75,000 | 15.00% | 14.92% | NA |
| Retail Shares Offered | 11,56,75,000 | 35.00% | 34.82% | 57,83,750 |
| Preferential Reservations | ||||
| Employee Shares Offered | 17,43,200 | 0.52% | NA | |
| Total Shares Offered | 33,22,43,200 | 100.00% | 100.00% | |
Investors can bid for a minimum of 20 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹6,000 |
| Retail (Max) | 33 | 660 | ₹1,98,000 |
| S-HNI (Min) | 34 | 680 | ₹2,04,000 |
| S-HNI (Max) | 166 | 3,320 | ₹9,96,000 |
| B-HNI (Min) | 167 | 3,340 | ₹10,02,000 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | The Company shall not receive any proceeds of this Offer and all the proceeds shall be received by the Selling Shareholder |
| KPI | |
|---|---|
| RoNW | 37.48% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 98.38% | 90% |
| Market Cap | ₹1,18,941.48 Cr. |
The NMDC FPO is subscribed 1.25 times on March 12, 2010 7:30:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 2.28 | 16,52,50,000 | |
| NII | 0.22 | 4,95,75,000 | |
| Retail | 0.22 | 11,56,75,000 | |
| Employee | 0.07 | 17,43,200 | |
| Total | 1.25 | 33,22,43,200 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees of the Book Running Lead Managers | 0.10 |
| 2 | Underwriting and selling commission (including commission to SCSBs for ASBA Applications) | |
| 3 | Fees to Registrar to the Offer | 0.14 |
| 4 | Fees to the Legal Advisors | 0.89 |
| 5 | Fees to the Bankers to the Offer | |
| 6 | Other Expenses (Printing and stationery, distribution and postage, advertisement and marketing expense etc.) | 10.67 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹300.00 | ₹300.00 |
| Open | ₹286.00 | ₹286.50 |
| Low | ₹286.00 | ₹286.00 |
| High | ₹300.30 | ₹300.40 |
| Last Trade | ₹294.65 | ₹294.50 |
Lead Manager Reports
NMDC FPO is a main-board FPO of 33,22,43,200 equity shares of the face value of ₹1 aggregating up to ₹9,930 Crores. The issue is priced at ₹300 per share. The minimum order quantity is 20.
The FPO opens on Wed, Mar 10, 2010, and closes on Fri, Mar 12, 2010.
Kfin Technologies Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in NMDC FPO using UPI as a payment gateway. Zerodha customers can apply in NMDC FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in NMDC FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The NMDC FPO opens on Wed, Mar 10, 2010 and closes on Fri, Mar 12, 2010.
NMDC FPO lot size is 20, and the minimum amount required for application is ₹6,000.
You can apply in NMDC FPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The NMDC FPO listing date is on Tue, Mar 30, 2010.
