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NLC INDIA LTD - OFS
| NLC INDIA LTD | |
| Security Type | OFS |
| Symbol | NLCINDIA |
| Issue Period | Oct 25 - 26, 2017 /October 25, 2017 for Non-Retail Investors and October 26, 2017 for Retail Investors and Non- Retail Investors who choose to carry forward their bids |
| Offer Size – No. of Shares | 4,58,57,053 With an additional option to sell up to 3,05,71,368 equity shares (Oversubscription option). |
| Offer Size for Retail Investors | 1,52,85,684 Base Offer Size - 91,71,411 shares and Oversubscription Option 61,14,273. Cut off Price for RIC Bids has been fixed at Rs 94.60 based on the clearing price of Non-Retail Bids in NLC India Ltd |
| Offer Size for Non Retail Investors | 6,11,42,737 Base issue size of 3,66,85,642 with an additional option to sell up to 2,44,57,095 Equity shares |
| Face Value | 10 |
| Floor Price | 94 |
| Lot Size | 1 |
| Tick Price | 0.05 |
| ISIN No | INE589A01014 |
| Minimum Bid Quantity | 1 |
| Maximum Bid Quantity | 4,58,57,053 |
| Allocation Methodology | Price Priority |
| Discount to Retail Investors (if any) | 3.5 |
| Retail Investors will be allocated Offer shares at a discount of 3.5% to the Cut off price in accordance with the SEBI OFS Circulars | |
| Non Retail Section | |
| Indicative Price (Rs.) | 94.65 |
| Retail Section | |
| Clearing Price (Rs.) | 94.6 |
| Clearing Price of Rs 94.60 has been fixed for the Non-Retail Category in NLC India Ltd | |
| LTP | 100.4 |
| Seller Promoter | The President of India, acting through and represented by the Ministry of Coal, Government of India (Promoter) |
| Further up to 5% of the Equity Shares sold pursuant to the Offer (over and above the Offer Shares) may be offered to eligible and willing employees of the Company at a discount of 5% to the Cut-off Price subsequent to completion of the Offer, in SEBI circular CIR/MRD/DP/65/2017 dated June 27. 2017. The employees will be eligible to apply for Equity Shares up to Rs. 200,000 only. Provided that in the event of under-subscription in the employee portion, the unsubscribed portion may be allotted on a proportionate basis, for a value in excess of two lakhs rupees, subject to the total allotment to an employee not exceeding Rs. 500,000. | |
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