Government Expands NLC India OFS To 3%, Offers 4.16 Crore Shares Through Oversubscription Option

The Government of India, through the Ministry of Coal, has decided to exercise the oversubscription option in the ongoing Offer for Sale (OFS) of equity shares in NLC India Limited. With this move, the total offer size has been increased to 4,15,99,098 equity shares, representing 3% of the company’s total paid-up equity share capital as of March 31, 2026.

The OFS was initially launched with a base offer of 2,77,32,732 equity shares, equivalent to 2% of the company’s paid-up equity capital. These shares, having a face value of ₹10 each, were offered to non-retail investors on June 9, 2026, which was designated as the T day of the issue.

Following strong investor interest, the government has now decided to sell an additional 1,38,66,366 equity shares under the oversubscription option. This additional sale increases the overall size of the OFS to 3% of NLC India’s equity capital, allowing the promoter to further dilute its stake in the company.

As per the revised structure, 10% of the total offer size, amounting to 41,59,911 equity shares, has been reserved for retail investors. Retail investors, eligible employees, and non-retail investors carrying forward unallotted bids are allowed to participate in the bidding process on June 10, 2026, referred to as T+1 day.

The government has also set aside up to 25,000 equity shares under a dedicated Employee Offer. Eligible employees of NLC India can apply for shares worth up to ₹5 lakh. However, the allocation process will initially consider employee bids up to ₹2 lakh before any further allotment is made.

The OFS is being conducted through a separate window on the BSE and NSE platforms, with settlement procedures being carried out in accordance with standard secondary market regulations.