SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

NLC India’s OFS oversubscribed 2.1 times

27 Oct 2017 Evaluate

The government’s 5 percent stake sale in NLC India got oversubscribed 2.10 times on the final day and the government is likely to raise Rs 750 crore through the disinvestment.

On the last day of the offer for sale (OFS), the portion reserved for retail investors was subscribed 2.90 times. These investors bid at Rs 94.60 a share, which was a discount of 3.5 percent over the cut-off price. Institutional investors bid for 3.19 times the NLC shares fixed for them in the OFS, following which the government decided to exercise the green-shoe option.

NLC India is engaged in the business of lignite mining and power generation. At present, the company has four opencast lignite mines.



NLC India Share Price

327.65 7.45 (2.33%)
29-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 356.00
Tata Power 386.45
Power Grid Corpn. 286.45
Adani Power 226.85
Torrent Power 1419.55
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: