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Thursday, March 15, 2012

Retail Investors to get 5% discount in NBCC IPO

The IPO of NBCC, which opens for subscription from March 22, 2012 would include a discount for the Retail Investors and Employees. These categories of invesors will get shares at a 5% discount to final price of the issue.

The offer comprises a net offer of 11,880,000 equity shares and includes a reservation of 1,20,000 equity shares for subscription by the eligible employees. NBCC has appointed IDBI Capital Market Services Ltd. and Enam Securities Pvt. Ltd. as the Book Running Lead Managers. The company currently functions under the Ministry of Urban Development and is the largest public sector construction company in India

Check back Indian IPO Blog for more updates on NBCC IPO!
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