President of India, Acting Through Ministry of Coal, Proposes Offer For Sale of NLC India Limited Equity Shares
NLC India Limited has a portion of its equity shares available for public offering through a proposed offer for sale (OFS) by its promoter. The shares are being sold by the President of India, acting through the Ministry of Coal, Government of India.The total offer is structured in two parts: a Base Offer Size and an Oversubscription Option, collectively representing up to 3.00% of the company's paid-up equity share capital.
Key Details of the Equity Offer
The details regarding the proposed sale are as follows:
| Metric | Detail |
|---|---|
| Seller/Promoter | The President of India, acting through the Ministry of Coal, Government of India |
| Company Name (ISIN) | NLC India Limited (INE589A01014) |
| Base Offer Size | Up to 2,77,32,732 Equity Shares (representing 2.00% of paid-up equity) |
| Oversubscription Option | Up to 1,38,66,366 Equity Shares (representing 1.00% of paid up equity) |
| Floor Price | ₹303/- per equity share |
| Designated Stock Exchange | BSE |
Offer Dates and Investor Categories
The sale will occur over two trading days and is segmented for different types of investors:
- Non-Retail Investors: The offer will take place on June 9, 2026 (T Day) during trading hours on a separate window of the Stock Exchanges.
- Retail Investors and Employees: The subsequent day, June 10, 2026 (T+1 Day), is allocated for these investor categories.
| Investor Category | Offer Date | Availability Details |
|---|---|---|
| Non-Retail Investors | June 9, 2026 (T Day) | Bids are open during trading hours and the investors have an option to carry forward un-allotted bids for Retail Category allocation on T+1 Day. |
| Retail Investors | June 10, 2026 (T+1 Day) | Available through a designated window of the Stock Exchanges. |
| Employees | June 10, 2026 (T+1 Day) | Eligible employees can participate in the Employee Offer, with bids for an amount up to 200,000 only. |
Allocation Methodology and Reserves
The offer is structured to ensure specific allocations to key investor groups:
- A minimum of 25% of the Offer Shares shall be reserved for allocation to Mutual Funds and Insurance Companies, subject to valid bids received at or above the Floor Price (₹303/-).
- At least 10% of the total issue is reserved for Retail Investors.
- The Employee Offer provides a maximum of up to 25,000 Equity Shares.
Transactional Details
The offer will be conducted exclusively through specific Seller's Brokers, who are ICICI Securities Limited and DAM Capital Advisors Limited. The allocation methodology ensures that non-Retail investors have an option to carry forward their un-allotted bids from T Day to T+1 Day if they chose to do so.
Funds collected from both Retail and non-Retail Investors who were not allotted Equity Shares shall be released after the drawdown of the obligation on the day prior to settlement.
NLCINDIA Stock Price Movement
NLC India Limited shares slipped by 0.06% to settle at ₹335.75 after closing today, finishing down ₹0.20 from the previous close. The stock traded a volume of 3.58 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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