The government is understood to have fixed a price band of Rs 300-350 for the follow-on public offer of state-owned mining giant NMDC.
The empowered group of ministers today fixed the price band in this range, which is likely to mop up about Rs 11,700 crore, steel ministry sources said.
The NMDC issue will open on March 10 and close on March 12.
The country's largest iron ore producer is coming out with its public issue of over 33 crore shares of face value of Re 1 each. The government is slated to divest 8.38 per cent stake in the PSU.
NMDC share on Bombay Stock Exchange (BSE) closed at Rs 400.6, down 3.35 per cent from Friday's closing.
