National Buildings Construction Corporation Limited (NBCC) IPO will hit the Market on March 22nd.
NBCC is a 100% Government Owned Company until the stake is divested through IPO
Incorporated in 1960 as a wholly owned GoI undertaking under Ministry of Urban Development (MoUD), NBCC is engaged in the in the business of providing
1. Project Management Consultancy (PMC) services for Civil Construction Projects for Central and State Governments (formed 93.36% of Total Operating Income of FY11)
2. Civil Infrastructure for Power Sector (2.02% of total operating income of FY11); and
3. Real Estate Development (formed 4.61%of Operating Income of FY11)
Issue Size: 1,20,00,000 Equity Shares of Rs.10 each
Employee Reservation: 1,20,000 Equity Shares
Net Issue to the Public: 1,18,80,000 Equity Shares
QIB Book: 59,40,000 Equity Shares (50% of Net issue size)
Retail Book: 41,58,000 Equity Shares (35% of Net issue size)
HNI Book: 17,82,000 Equity Shares (15% of Net issue size)
Listing: NSE & BSE
IPO Grading: “IPO Grade 4/5” by CARE
Stay Tuned for Reviews and Recommendations of the Same.
