SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Government to divest 1.5% in NMDC

09 Jan 2018 Evaluate

The government will begin sale of 1.5% stake in NMDC at a floor price of Rs 153.50 a piece, with an option to retain over-subscription of equal quantum. The two-day offer for sale (OFS) will open for institutional investors on January 9 and for retail investors on January 10.

The sale of 1.5% would fetch Rs 750 crore to the exchequer. The stake sale will have a green-shoe option to retain over-subscription of a further 1.5%.

NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.


NMDC Share Price

89.78 2.60 (2.98%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 438.70
NMDC 89.78
GMDC 733.40
Sandur Manganese 218.35
MOIL 327.60
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:

×