NLC India Limited's offer for sale (OFS) opened for subscription on Wednesday, June 9, 2026, offering a discount of 9.73% to the previous closing price. The floor price for the OFS has been fixed at Rs 104 per equity share.
Key Details of NLC India OFS
The OFS consists of up to 12 crore equity shares, representing 8.46% of the total paid-up equity share capital of the company. The government of India is the selling shareholder. The base issue size is 10 crore shares, with an option to retain oversubscription of up to 2 crore shares.
Discount and Pricing
The floor price of Rs 104 per share is a 9.73% discount to the previous closing price of Rs 115.25 on the National Stock Exchange. This discount aims to attract retail and institutional investors.
Subscription Period
The OFS opened for non-retail investors on June 9, 2026, and will remain open for retail investors on June 10, 2026. Retail investors can bid at the floor price or at a discount of up to 5% from the floor price.
How to Apply
Eligible investors can apply through their stockbrokers or online trading platforms. The allotment will be done on a proportionate basis. The shares will be credited to the demat accounts of successful bidders within the stipulated timeline.
Company Performance
NLC India is a leading public sector enterprise engaged in lignite mining and power generation. The company has a strong operational track record and is expanding its renewable energy portfolio. The OFS proceeds will go to the government as part of its disinvestment plan.
Analysts view the OFS as a good opportunity for long-term investors, given the discount and the company's fundamentals. However, they advise caution due to market volatility.
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