Analysis and Insights into the world of IPOs and investing in India

Monday, March 19, 2012

NBCC IPO Price Band announced

NBCC has announced the price band for its upcoming IPO at Rs.90/- to Rs.106/- per equity share. The IPO would remain open for subscription between March 22, 2012 and March 27, 2012

Retail Investors and Employees would be entitled to a discount of 5% on the final issue price of the IPO. This essentially means that if the issue price is fixed at the upper end of the price band, then Retail Investors will get a discount of Rs.5.30 on Rs.106/-, and thereby get shares at price of Rs.100.70/- per share

National Buildings Construction Corporation Limited (NBCC Ltd) is a public sector company engaged in the business of project management consultancy services for civil construction projects, civil infrastructure for power sector and real estate development
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