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Apr 11, 2012, 04.18 PM IST
State-owned construction company National Buildings Construction Corporation (NBCC) is going to list its equity shares on Thursday, April 12, 2012. The issue price is fixed at higher end of price band of Rs 90-106 a share.
The government raised Rs 127.2 crore via public issue of 1.2 crore equity shares, which had opened for subscription during March 22-27. Retail Investors received shares at Rs 100.70/share - a 5% discount to the final issue price. The issue was oversubscribed 4.93 times.
NBCC is engaged in the business of project management consultancy services for civil construction projects; civil infrastructure for power sector; and real estate development.
The issue was a part of government's divestment programme of Rs 40,000 crore for FY12, but it raised around Rs 14,000 crore via ONGC, PFC and NBCC.
Action in National Buildings Construction Corporation
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