NMDC FPO to hit markets on March 10, 2010

The Follow-On Public Offering (FPO) of NMDC Limited will open for subscription by investors on Wednesday - March 10, 2010.

The company is coming out with an issue of 332,243,200 Equity Shares of Rs 1 each for cash at a price band to be announced One (1) Working Day Prior To The Bid/Offer Opening Date.

UBS Securities India Private Limited, Citigroup Global Markets India Private Limited, Edelweiss Capital Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited and RBS Equities (India) Limited are the Book Running Lead Managers to the FPO.

Kotak Securities Limited and Edelweiss Securities Limited are the Syndicate Members to the IPO.

Karvy Computershare Private Limited is the registrar to the company.

The Maximum Subscription Amount for Retail Investor is Rs 100000.

The company's shares are already listed in both Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Source : Equity Bulls

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