NLC India OFS June 2026 Details, Timetable, Floor Price and OFS Size
NLC India is launching an Offer for Sale (OFS) to the public. Through this mechanism on the stock exchange, the promoting entities President of India are making a portion of their equity shares available to investors.
The offering features a base size of 2,77,32,732 shares (2% of Equity), along with a green shoe oversubscription option of 1,38,66,366 shares (1% of Equity), bringing the total issue size to 4,15,99,098 shares (3% of Equity). The base floor price is set at ₹303 per share (face value ₹10).
Regarding allocation, the non-retail bidding window operates from Jun 09, 2026 9:15 AM to Jun 09, 2026 3:30 PM. Subsequently, the retail bidding window is active from Jun 10, 2026 9:15 AM to Jun 10, 2026 3:30 PM. However, brokerages typically enforce an earlier cut-off time to process bids, ranging between 2:30 PM and 3:15 PM. The process follows a Price Priority allocation methodology. Furthermore, an OFS discount of 9.75 % discount to the previous closing price (₹ 335.75 per share, 8 june, NSE) is provided. To facilitate widespread participation, the offering reserves 10% of Issue Size (Base Offer Size 27,73,274 shares and Oversubscription Option of 13,86,637 shares. Total Shares 41,59,911 shares) specifically for retail investors, while 90% of Issue Size (Base Offer Size 2,49,59,458 shares and Oversubscription Option of 1,24,79,729 shares. Total Shares 3,74,39,187 shares) are reserved for non-retail buyers.
Investors can consult the official OFS Notice for exhaustive details about the procedure, bidding methods, and settlement.
OFS Detail
Additionally, 25,000 equity shares of the Company may be offered to eligible employees of the Company, inaccordance with the terms and conditions provided in the OFS Guidelines, subject to approval from the competent authority (the “Employee Offer”). The Eligible Employees may apply for equity shares amounting upto ₹5,00,000