NBCC (India) Ltd has informed BSE that the Company has fixed February 21, 2017 as the Record Date for the purpose of Issue of ascertaining the eligibility of shareholders for issuance of 1 (One) Bonus Share of Rs. 2/- each on every existing 2 (Two) fully paid-up Equity Shares of Rs. 2/- each, subject to the approval of shareholders through postal ballot.

The allotment status for National Building Construction Corporation (NBCC) is declared and can be viewed online now. Click here to check your status now!

NBCC IPO, which closed for subscription today, has managed to garner 4.93 times overall subscription, riding mainly on the back of respectable support from the QIB Investors, the category being oversubscribed 7.07 times.

The response from the Retail Category came at 3.40 times the shares reserved for the category, which may have been blossomed to some extent on account of the 5% Discount announcement on the final issue price.

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

QIB: 7.07 times
Non-Institutional Investors: 1.70 times
Retail: 3.40 times
Employees: 0.09 times
Overall: 4.93 times

QIB: 0.32 times
Non-Institutional Investors: 0.03 times
Retail: 0.20 times
Employees: 0.00 times
Overall: 0.23 times

QIB: 0.32 times
Non-Institutional Investors: 0.00 times
Retail: 0.09 times
Employees: 0.00 times
Overall: 0.19 times

The IPO of National Building Construction Corporation (NBCC) opens for subscription from today, March 22, 2012. NBCC is planning to raise Rs.120 crore via initial public offer of 1.2 crore equity shares, by diluting 10% stake. The price band for the issue has fixed at Rs.90 to Rs.106 a share

Retail Investors and Eligible Employees would be entitled to a Discount of 5% on the Final Issue Price of the IPO. “NBCC offer is unique in a sense that there are no listed project management consultancy firm,” said Abhay Bongirwar, managing director and CEO at IDBI Capital Market Services, which is one of the book running lead managers along with Enam Securities Pvt Ltd.

“Though the NBCC offer is small, it is very important from the government perspective as the revenue raised would flow into the government coffers and not contribute to the expansion of the company,” said an NBCC official.