The government will sell 15 percent stake in NBCC (India) at a floor price of Rs 246.50 per share, which is expected to fetch around Rs 2200 crore. Up to 9 crore shares would be sold over two days, with institutional investors bidding on October 20 and retail investors getting a chance on October 21, 2016.
Twenty per cent of the offer size will be reserved for retail investors subject to receipt of valid bids. The Offer would open at 09.15 hours on October 20, 2016. Retail investors, who were defined as individual investors who place bids for sales of total value of not more than Rs 2 lakh in aggregate, will be allocated shares at a discount of 5 percent of the cut-off price.
NBCC (India) is one of the few public sector companies engaged in the business of project management consultancy services for civil construction projects (PMC), civil infrastructure for power sector and real estate development.
| Company Name | CMP |
|---|---|
| NBCC (India) | 94.30 |
| Rites | 222.00 |
| Central Mine Planning & Design Inst | 180.70 |
| Monarch Surveyors | 260.80 |
| Mold-Tek Tech | 140.50 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: