NBCC (India) Ltd.

National Buildings Construction Corporation (NBCC) made its debut on bourses on Thursday, April 12, 2012. The empowered group of ministers (EGoM) fixed the issue price at higher end of price band of Rs 90-106/share for state-owned construction company. The equilibrium price for the stock has been fixed at Rs 100, down 5.66% as compared to issue price of Rs 106 a share.

NBCC is currently trading at a discount of 7.12% or 7.55 points at Rs 98.45, as against its fixed issue price of Rs 106.00 on the BSE.

The scrip opened at Rs 100.00 and has touched a high of Rs 101.00 and low of Rs 95.05, which is also its lower circuit limit. So far 701517 shares were traded on the counter. The upper circuit limit of the scrip has been fixed at Rs 105.00 and lower at 95.05.

The promoters holding in the company stood at 90.00% while FIIs and DIIs held 1.14% and 3.86% respectively. Others held 5.00% stake in the company.

The government raised Rs 127.2 crore via public issue of 1.2 crore equity shares, which had opened for subscription during March 22-27, 2012. The government raised Rs 127.2 crore via public issue of 1.2 crore equity shares, which had opened for subscription during March 22-27, 2012.