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.

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

Credit Rating Agency CRISIL has assigned an IPO Grade of 4/5 to the proposed IPO of NBCC Ltd., which would open for subscription from March 22, 2012. The grade indicates that the fundamentals of the company are 'Above Average'. CRISIL assigns IPO Grades on a scale of IPO Grade 1 to IPO Grade 5 with IPO Grade 1 indicating poor fundamentals and IPO Grade 5 indicating strong fundamentals

NBCC IPO would be the last IPO in the divestment plan of the Government for FY2012. IDBI Capital Market Services Limited and Enam Securities Private Limited are the book running lead managers to the issue. NBCC is 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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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!

National Building Construction Corporation Limited is coming up with an IPO of Equity Shares as part of divestment programme of Rs.40,000 Crore prepared by government for FY 2012. It is an offer for sale by the government, which comprises a net offer to the public of 1.188 crore shares and a reservation of 1.2 lakh equity shares for subscription by eligible employees

National Building Construction Corporation (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 IPO would remain open for subscription between March 22, 2012 to March 27, 2012. This would be the last issue under divestment programme of FY2012

The IPO of the state-run National Building Construction Corporation (NBCC) is likely to open for subscription from Thursday, March 22, 2012.

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

The government is looking to sell 10% stake in state-owned construction company NBCC via the initial public offering (IPO) route. The price band for this issue would be decided in the EGoM meeting scheduled on Monday, March 19, 2012

State-run National Building Construction Corporation (NBCC) has said it will dilute 10 per cent stake through an Initial Public Offer. The company has filed the Draft Red Herring Prospectus (DRHP) with SEBI.

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

Stay tuned for more on NBCC IPO!

National Building Construction Corporation (NBCC), a wholly owned Government of India enterprise, is planning to come up with an Initial Public Offer (IPO) as part of Government's divestment programme.

The Government of India, which currently holds 100% stake in the company is planning to disinvest 10% through an IPO. NBCC is the largest public sector construction company

Check back Indian IPO Blog for the latest on NBCC IPO!