Promoter to Sell 3% of NLC India Limited Equity Shares in Offer for Sale
NLC India Limited is set to conduct an Offer for Sale (OFS) through the stock exchange mechanism, wherein its promoter, the President of India acting through the Ministry of Coal, Government of India, will sell equity shares. The total offer size stands at 4,15,99,098 equity shares, representing 3.00% of the paid up equity share capital of the company as of March 31, 2026.The Offer comprises a Base Offer Size and an Oversubscription Option (OS). The initial Base Offer for non-Retail Investors alone proposed 27,732,732 equity shares, which represents 2.00% of the paid up equity. Retail investors and employees were scheduled to participate on subsequent days.
In response to the OS possibility, NLC India Limited has confirmed the exercise of the Oversubscription Option, adding up to 138,66,366 equity shares (representing 1.00% of total paid up equity) to the Base Offer Size. This decision brings the collective "Offer Shares" size to 4,15,99,098 shares.
The timeline and offering structure are as follows:
| Offering Segment | Percentage of Paid-up Equity | Shares Offered | Target Investor Group |
|---|---|---|---|
| Base Offer Size (Initial) | 2.00% | 27,732,732 | Non-Retail Investors (T day) |
| Oversubscription Option (OS) | Up to 1.00% | Up to 138,66,366 | Collective Offer |
| Retail Allocation Share | 10% of offer | 41,59,911 | Retail Investors (T+1 day) |
In addition to the general offering, a specialized Employee Offer is also planned. Eligible employees may apply for equity shares up to 500,000. However, any bids placed by eligible employees will be considered for allocation first, limited to an amount of 200,000 only.
The settlement process for all the issued equity shares under this Offer for Sale will follow the existing rules governing secondary market transactions.
NLCINDIA Stock Price Movement
NLC India Limited shares today slipped by 2.13%, closing at ₹327.75 after shedding ₹7.15 from previous close. The stock saw a total traded volume of 25,378,370 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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