The President of India acting through and represented by the Ministry of Steel Government of India is the promoter of NMDC Ltd (the "Promoter"). The Promoter (the "Seller") proposes to sell up to 11 72 24 234 Equity Shares of the Company (representing 4% of the total issued and paid up equity share capital of the Company) ("Base Offer Size") on July 06 2021 ("T day") (for non-Retail Investors only) and on July 07 2021 ("T+1 day") (for Retail Investors and for non-Retail Investors who choose to carry forward their un-allotted bids) with an option to additionally sell 10 22 78 144 Equity Shares (representing 3.49% of the total issued and paid up equity share capital of the Company) (the "Oversubscription Option") through a separate designated window of the BSE Limited (the "BSE") and the National Stock Exchange of India Limited ("NSE" and together with the BSE the "Stock Exchanges") collectively representing 7.49% of the total issued and paid up equity share capital of the Company (held in dematerialized form in one or more demat accounts with the relevant depository participant) in accordance with the OFS Guidelines (such offer for sale hereinafter referred to as the "Offer"). In the event that the Oversubscription Option is exercised the Equity Shares forming part of the Base Offer Size and the Oversubscription Option will collectively hereinafter be referred to as "Offer Shares" while in the event that such Oversubscription Option is not exercised the Equity Shares forming part of the Base Offer Size will be referred to as "Offer Shares".
Dates and time of the opening and closing of the Offer
The Offer shall take place on a separate window of the Stock Exchanges on July 06 2021 ("T" day) and July 07 2021 ("T+1" day) from 9:15 a.m. to 3:30 p.m. (Indian Standard Time) on both days as per details given below.
For non-Retail Investors (defined below)
Only non-Retail Investors shall be allowed to place their bids on T day i.e. July 06 2021. While placing their bids non-Retail Investors may indicate their willingness to carry forward their un-allocated bids to T+1 day for allocation to them in the unsubscribed portion of Retail Category (defined below).
The Offer shall take place during trading hours on a separate window of the Stock Exchanges on T day i.e. July 06 2021 commencing at 9:15 a.m. and shall close at 3:30 p.m. Indian Standard Time on the same date.
Those non-Retail Investors who have placed their bids on T day and have chosen to carry forward their bids to T+1 day shall be allowed to carry forward and also revise their bids on T+1 day as per the OFS Guidelines.
For Retail Investors (defined below) and for non-Retail Investors who choose to carry forward their un-allotted bids to T+1 Day
The Offer shall continue to take place during trading hours on a separate window of the Stock Exchanges on T+1 day i.e. July 07 2021 commencing at 9:15 a.m. and shall close on the same date at 3:30 p.m. Indian Standard Time on the same date.
Only Retail Investors (defined below) shall be allowed to place their bids on T+1 day i.e. July 07 2021. Further those non-Retail Investors who have placed their bids on T day and have chosen to carry forward their unallotted bids to T+1 day shall be allowed to revise their bids on T+1 day as per the OFS Guidelines.
Floor Price: The floor price for the Offer shall be Rs. 165 (Rupees One Hundred Sixty Five Only) per Equity Share ("Floor Price"). The Stock Exchanges are required to ensure that the Floor Price is immediately informed to the market.