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!
