Meanwhile, the S&P BSE Sensex was up 16.47 points or 0.06% at 29,438.86.
On the BSE, 15.24 lakh shares were traded on the counter so far as against the average daily volumes of 4.17 lakh shares in the past one quarter. The stock had hit a high of Rs 67.80 and a low of Rs 67.05 so far during the day.
The stock had hit a 52-week high of Rs 79.85 on 7 March 2017 and a 52-week low of Rs 40.25 on 20 May 2016. It had underperformed the market over the past one month till 20 April 2017, sliding 8.41% compared with the Sensex's 0.33% fall. The scrip had also underperformed the market over the past one quarter, declining 3.75% as against the Sensex's 8.83% rise.
The large-cap company has equity capital of Rs 966.46 crore. Face value per share is Rs 5.
National Aluminium Company's (Nalco) promoter, the Government of India's (GoI) offer for sale (OFS) for upto 9.66 crore equity shares of the company, representing 5% stake with an additional option to sell up to 5% stake in the company in two trading sessions concluded yesterday, 20 April 2017.
The OFS for non-retail investors completed on 19 April 2017 and for retail investors and non-retail investors who chose to carry forward their un-allotted bids, the OFS was completed yesterday, 20 April 2017. The two-day OFS had taken place through a separate, designated window on the stock exchanges.
The OFS received good response from non-retail investors' category on 19 April 2017, with an oversubscription of 184.25%. The clearing price for non-retail category was set at Rs 67 per share.
The issue also received strong response from retail investors, with an oversubscription of 317.14%. For retail category, the clearing price was fixed at Rs 69.80 per share. Retail investors will be allocated offer shares at a discount of 5% to the cut off price.
Earlier, before the start of the OFS, the floor price for the issue was fixed at Rs 67 per share.
The GoI held 74.58% stake in Nalco as per the shareholding pattern as on 31 March 2017.
Nalco's net profit declined 2.7% to Rs 143.92 crore on 13.9% growth in net sales to Rs 1963.81 crore in Q3 December 2016 over Q3 December 2015.
State-run Nalco has integrated and diversified operations in mining, metal and power.
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