National Buildings Construction Corporation IPO (Initial Public Offering) : CARE gives grade 4 out of 5

by khalid on 25/03/2012 · 1 comment



National Buildings Construction Corporation Limited (NBCC) IPO has got 4 out of 5 by CARE Research (rating agency) and this rating/grading is ‘Above Average’ for a civil construction company. The grade 4 indicates that the fundamentals of the IPO are ‘Above Average’ compared to the other listed securities in India. New Delhi based National Buildings Construction Corporation Limited (NBCC Ltd.) is a state-owned 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.

The purpose of the IPO is to carry out the disinvestment of 12,000,000 Equity Shares by the Government and to achieve the benefits of listing the Equity Shares on the Stock Exchanges.

The Equity Shares are proposed to be listed on the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited (NSE).

The Book running lead manager (BRLM) to the issue are Enam Securities Private Limited and IDBI Capital Market Services Limited.

Registrar of the Issue : Bigshare Services Pvt. Limited Mumbai.

Stay tuned to BellTheBull Blog for more on NBCC IPO (Initial Public Offering) !

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