NMDC''s Rs 36 bn OFS Puts Stock in Focus Posted by Equitymaster Shares of NMDC are in focus today after the government announced to sell about 7.5% stake in the company through an offer for sale (OFS) . This move will help the centre in mopping up over Rs 36.2 bn in divestment receipts. Floor price set at 6% discount The state-owned miner has set the floor price at Rs 165 per equity share, a 6% discount to Monday''s closing price. Initially, the centre will divest 4% stake or 117.2 m shares in the iron ore producer. An additional 3.5% stake or 102.2 m shares will be sold through a green-shoe option. Currently, the government owns 68.3% stake in the mining company . With this divestment, the government will end up reducing its stake to 60.8% in NMDC. The OFS opened for institutional investors today. They will also get an option to carry forward their unallocated bids to the next day for allocation from the unsubscribed portion for retail investors. The issue will open for retail investors on 7 July. --- Advertisement --- One Stock for Potentially Life-changing Gains This stock comes from a high-growth industry.