Stocks

NBCC issue price fixed at Rs 106/share

Our Bureau New Delhi | Updated on November 14, 2017

An Empowered Group of Ministers headed by the Finance Minister, Mr Pranab Mukherjee, has fixed the issue price of NBCC’s initial public offering at Rs 106 per share. This decision was taken at a meeting of the EGoM here on Wednesday.

Retail investors and employees will get 5 per cent discount on this issue price of Rs 106, which is the upper end of the price band of Rs 90-106.

The IPO was oversubscribed 4.93 times with 96.13 per cent of the subscription received at the upper end of the price band. The retail portion was oversubscribed 3.39 times.

krsrivats@thehindu.co.in

Published on March 29, 2012

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