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National Buildings Construction Corporation (NBCC), a public sector undertaking filed a draft red herring prospectus with SEBI for a public offer of 1.2 crore shares of face value Rs 10 each.
One per cent of the issue (1.2 lakh shares) is reserved for employees.
The offer constitutes 10 per cent of the post issue paid up capital of the company.
IDBI Capital and Enam Securities are the book runners to the issue and BigShare services the registrar and transfer agent.
NBCC is a PSU headquartered in New Delhi with 10 regional / zonal offices across India having projects in most parts of India and overseas.
The company is engaged in the business of civil infrastructure for power sector, real estate development and project management consulting for civil construction projects.
As on March 31 2011, the company had a net profit of Rs. 140 crore on total revenue of Rs. 3231 crore and a balance sheet size of Rs. 3483 crore.
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