TaxTMI 
TaxTMI 
National Fertilizers Limited (NFL) OFS over-subscribed by 1.41 times;
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....ational Fertilizers Limited (NFL) OFS over-subscribed by 1.41 times; <br>News and Press Release<br>Dated:- 28-7-2017<br><BR>Retail portion got oversubscribed approximately 1.66 times while Non Retail ....
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....portion oversubscribed by 1.35 times; Government likely to get ₹ 535 crore approximately and its shareholding in NFL after this OFS to come down to 74.71%. The Retail Portion of the National Fe....
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....rtilizers Ltd (NFL) OFS has been oversubscribed by the retail investors. Against the 20% portion amounting to ₹ 107.14 crore reserved for retail investors, the total bids of ₹ 178.67 crore....
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.... has been received, thus the Retail Portion got oversubscribed approximately by 1.66 times. The Non Retail portion of the OFS opened on 26th July, 2017. Total subscription of ₹ 578.8 crore has ....
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....been received against shares for value of ₹ 428.57 crore at floor price and thus oversubscribed by 1.35 times. Overall, NFL OFS for 15% divestment for equity shares of 73586760 amounting to ....
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....377; 535.71 crore at the floor price ₹ 72.80 per share, received a total demand for equity shares amounting to ₹ 757.45 crore. Therefore, the OFS of NFL was over-subscribed by 1.41 times. ....
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.... This is the 3rd CPSE OFS in the current financial year, and the Government is likely to get ₹ 535 crore approximately. The Government shareholding in NFL after this OFS will come down to 74.71%....
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.....<BR> News - Press release - PIB....