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NMDC FPO subscribed 80% on day 2
The follow-on public offer of NMDC, a navratna public sector undertaking, has been subscribed 79% on day two, as per data available on the NSE website.
The government has offered a discount of 5% to the offer price determined pursuant to the completion of the book building process to retail individual bidders and eligible employees.
The book running lead managers are 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.
The offer shares are already listed on the BSE, the NSE, the BSEL, the MSE, the CSE and the DSE. BSE is the Designated Stock Exchange for the Offer.
