NMDC Steel Listing Price, NMDC Steel Share Price: NMDC Steel shares made stock market debut on Monday, February 20, after the demerger from NMDC Limited. The government had last year announced to demerge NMDC and NMDC Steel. Under the demerger plan, shareholders of the state-owned company have been allotted one share of NMDC Steel bearing a face value of Rs 10 for every share held in the Demat account on the record date.

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As a part of the demerger scheme, approved by the Ministry of Corporate Affairs (MCA), NDMC's assets worth Rs 18,650 crore and liabilities worth over Rs 1,600 crore have been demerged to NMDC Steel. The Ministry of Steel had in March 2022 approved the demerger. NMDC, headquartered in Hyderabad, is the largest iron ore producer in the country.

“Trading Members of the Exchange are hereby informed that effective from Monday, February 20, 2023, the equity shares of NMDC Steel Limited shall be listed and admitted to dealings on the Exchange in the list of T Group of Securities. Further in terms of SEBI circular No. CIR/MRD/DP/02/2012 dated January 20, 2012; the scrip will be in Trade-for-Trade segment for 10 trading days,” the BSE had said in a circular.

NMDC Steel Listing Price

A Zee Business channel report had predicted that NMDC Steel shares could list around Rs 27-31 apiece. The shares of the company in a special pre-open session settled at Rs 30.25 apiece on NSE and BSE.

NMDC Steel shares were locked at 5 per cent upper circuit on debut, leading to the suspension of trading. On NSE and BSE, the scrip quoted at Rs 31.75 apiece, up 5 per cent.    

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