The IPO of National Buildings Construction Corporation Limited (NBCC) has received a better response from the investors with the final day over-subscription figure reached to 4.93 times on an overall basis. NBCC IPO was open on 22nd March 2012 and closed today on 27th March 2012 for subscription.. The IPO has managed to get some what better response from Qualified Institutional Buyers Category where it overbid by 7.07times on the final day of subscription. The price band for the issue was Rs 90 at lower level and Rs 106 at upper level. 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 category-wise subscription status of NBCC IPO on closing of final day is given below:-
Qualified Institutional Buyers (QIBs) : 7.07 times
Non Institutional Investors : 1.70 times
Retail Individual Investors : 3.40 times
Employee: 0.09 Times
Overall : 4.93 times
The equity shares offered through the IPO are proposed to be listed the Bombay Stock Exchange (BSE) and National Stock Exchange (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.
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