As a part of governments divestment programme, the government owned National Buildings Construction Corporation (NBCC) has filed draft red herring prospectus with the market regulator Securities Exchange Board of India for an initial public offer (IPO). The company plans to issue 12,000,000 equity shares having face value of Rs 10 each thus divest 10% of government’s stake. The issue proceeds will accordingly be taken by the government.
IDBI Capital Market Services and Enam Securities are the book running lead managers and Bigshare Services is the registrar to the offer.
The ISO 9001:2008 certified company is one of the few Public Sector Unit (PSU) engaged in business of project management consultancy services for civil construction projects, civil infrastructure for power sector and real estate development. Incorporated in November 1960, NBCC is headquartered in New Delhi having projects web spread across 23 states and 1 union territory in India. In addition, the company has also undertaken projects overseas.
NBCC presently operates under Ministry of Urban Development and has also received ‘Excellent’ rating from the same for each of the fiscal years from 2004 to 2010. Ministry of Heavy Industries & Public Enterprises has awarded the company with an ‘Excellence Award.’
| Company Name | CMP |
|---|---|
| Dilip Buildcon | 443.30 |
| Macrotech Developers | 1205.80 |
| NBCC (India) | 143.80 |
| Prestige EstatesProj | 1600.15 |
| DLF | 851.25 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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