Originally, the disinvestment in NMDC OFS was pegged at basic issue size of 1.5 percent of paid-up capital at floor price of Rs.153.50 per share.
The issue got over-subscribed by three times the base issue size.
Further, to encourage retail participation, a discount of five percent on the cut off price was offered to retail investors.
The retail portion has been over-subscribed by 439.64 percent.
With this transaction, the government's shareholding in NMDC has come down from 74.94 percent to 72.42 percent.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)