India's up to $1.1 billion share auction in state miner NMDC Ltd was fully covered by 3.25 pm on Wednesday, provisional data from the National Stock Exchange showed.
By 3.25 pm, the offer had received bids for 411.70 million shares, at an indicative weighted average price of Rs 149.09 per share. Final bid numbers will be available later on Wednesday.
The government was selling 396.47 million shares, or 10% of the company's stock and had set a floor price of Rs 147 per share for bids.
The share sale is the largest by the government since a messy $2.5 billion auction of shares in state explorer Oil and Natural Gas Corp in March that had required large bids from state investors.
