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NMDC Buyback is worth Rs 1378 Cr. The size of the buyback is 13.12 cr shares which are 5.0% of the total equity. The buyback price is at Rs 105 per share which is approx 10% high from announcement date price. NMDC buyback record date is 23rd Nov 2020.
Incorporated in 1958, NMDC Ltd formerly known as National Mineral Development Corporationis state-controlled mineral producer company. The company is owned by the Government of India, under the administrative control of the Ministry of Steel.
The company is India's largest iron producer with 3 mines in Chhattisgarh and Karnataka. The Company also operates the only mechanized diamond mine in the country at Panna in MP. The Company is involved in the exploration of iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, etc.
This is the 2nd buyback from NMDC in the last 2 years. In 2019 also NMDC has done the buyback of Rs 1000 Cr.
Below is the complete details about NMDC Limited Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 1378 Cr |
| Buyback Number of Shares: | 13.12 Cr |
| Buyback Price: | Rs 105 |
| Buyback Offer Size (In %): | 5.0% |
| Total Share Capital: | Rs 29,409.07 Cr |
| Face Value: | 1 Per Equity Share |
Can I Invest today to participate in NMDC Limited buyback offer? No
In this section we have covered all important dates related to NMDC Limited Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.
| Buyback Activity | Date |
|---|---|
| Board Meeting for Buyback proposal | 10th Nov 2020 |
| Buyback Approval date | 10th Nov 2020 |
| Public Announcement of Buyback | 10th Nov 2020 |
| Record Date | 23rd Nov 2020 |
| Buyback opens on/Buyback Opening Date | 17th Dec 2020 |
| Buyback closes on/Buyback Closing Date | 31st Dec 2020 |
| Cut-off date to receive completed tender forms by Registrar | 2nd Jan 2021 |
| Cut-off date for verification by the Registrar | 5th Jan 2021 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
7th Jan 2021 |
| Last date of settlement of bids on the stock exchange | 8th Jan 2021 |
| Last date to return unaccepted shares by Registrar | 8th Jan 2021 |
| Last date of extinguishment of Equity Shares | 13th Jan 2021 |
Stock Holding table gives a clear picture on retail investor holdings of NMDC Limited shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.
| Holding Type | In % |
|---|---|
| Promoter-Foreign | 0.0% |
| Promoter-Indian | 69.65% |
| Non-Promoter-Institutions | 24.99% |
| Non-Promoter-Non-Institutions | 5.37% |
NMDC Limited Draft Letter of Offer >>Document
NMDC Limited Letter of Offer >>Document
NMDC Limited Post Buyback Public Announcement >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 21 Equity Share out of every 89 fully paid-up Equity Share held on the Record Date | 23.59 |
| General Category | 10 Equity Share out of every 276 fully paid-up Equity Share held on the Record Date. | 3.62% |
For NMDC Limited Buyback Offer, Report updated by the manager of buyback -
In general category - response received 117.68%, No. of Equity Shares reserved in Buyback was 11,15,57,237 where valid bid received for retail category was 13,12,85,789 which is 117.68% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 0.16%, No. of Equity Shares reserved in Buyback was 1, 96,86,572 where valid bid received for retail category was 32,165 which is 0.16%. Final Acceptance Ratio for Retail Investors was 100%.
The table below will give you a complete dashboard view for all open buyback offer in current market.
| Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
|---|---|---|---|---|---|---|---|
| Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 966.40 (-1.91%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 180.00 (6.48%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 299.20 (1.00%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 460.95 (-0.25%) | 22-04-2024 | 26-04-2024 | 03-05-2024 |
Detail Article on Benefit from buyback offer >> Read
NMDC Limited Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for NMDC Limited? How can I apply in NMDC Limited Buyback offer?Last Updated on 2021-01-25T21:25:18+00:00
