State-run National Buildings Construction Corporation's initial public offer was subscribed about 120% on the last day of the issue today (March 27, 2012).
The IPO, which closes today, attracted bids for about 1.4 crore shares, creating demand worth Rs153.6 crore.
The price band of the IPO has been fixed at Rs90-106 per share. At the lower end, the government would raise about Rs108 crore while at the upper band about Rs127 crore would be garnered.
National Buildings Construction Corporation (NBCC) under the administrative control of Ministry of Urban Development provides project management consultancy services for construction projects, civil infrastructure for power sector and real estate development.
IDBI Capital Market Services and Enam Securities are the book running lead manager to the issue.
....more info
The IPO, which closes today, attracted bids for about 1.4 crore shares, creating demand worth Rs153.6 crore.
The price band of the IPO has been fixed at Rs90-106 per share. At the lower end, the government would raise about Rs108 crore while at the upper band about Rs127 crore would be garnered.
National Buildings Construction Corporation (NBCC) under the administrative control of Ministry of Urban Development provides project management consultancy services for construction projects, civil infrastructure for power sector and real estate development.
IDBI Capital Market Services and Enam Securities are the book running lead manager to the issue.
....more info