Continue with Google
Continue with Facebook
NCL Limited's Offer for Sale
NCL Limited's Offer for Sale: Key Points
-
Offer Details: Government offering 5% of NLC India Ltd's equity shares, with an option to sell 2% more in case of oversubscription.
-
Employee Participation: Eligible employees can bid for up to Rs 5 lakh worth shares, capped at Rs 2 lakh for allocation.
-
Current Government Stake: Holds 79.20% stake in NLC India Ltd.
-
Issue Timeline: Institutional bidding started on 7th March, retail bids accepted from 11th March.
-
Total Issue Size: If oversubscription isn't exercised, 97,064,562 equity shares will be issued, representing 7% of total paid-up equity share capital as of December 31, 2023.
-
OFS Operations: Takes place on a separate stock exchange window from 9:15 am to 3:30 pm. Non-retail investors can bid on Thursday, revise bids on Monday, and express interest in carrying forward un-allotted bids to T+1 day for allocation in the retail category.
- Share :
Post a Comment
|
DISCLAIMER |
This report is only for the information of our customers. Recommendations, opinions, or suggestions are given with the understanding that readers acting on this information assume all risks involved. The information provided herein is not to be construed as an offer to buy or sell securities of any kind. ATS and/or its group companies do not as assume any responsibility or liability resulting from the use of such information.