NMDC's Rs 3,600-cr share sale fully subscribed, most bids come in at Rs 166

A total of 219.5 mn shares were put on the block by govt;OFS) has garnered bids for 220.45 mn shares from institutional investors--1.15 times the shares on offer to them

The Rs 3,600-crore share sale by the government in NMDC has managed to garner full subscription. A total of 219.5 million shares have been put on the block by the government. The offer for sale (OFS) has garnered bids for 220.45 million shares from institutional investors—–1.15 times the shares on offer to them.

About 21.95 million shares reserved from retail investors will be auctioned on Wednesday.

The floor price for the OFS has been set at Rs 165 per share. Most of the bids on Monday came at Rs 166, data provided by stock exchanges showed.

Shares of NMDC on