NBCC (India) Ltd.

National Buildings Construction Corporation (NBCC) made a dismal debut and snapped the session at Rs 97.05, a discount of 8.44% or lower by 8.95 points as against its issue price of Rs 106, on the BSE.

The shares of the company opened at Rs 100.00 and touched a high and a low of Rs 101.00 and Rs 95.05, respectively. A total of 12,11,946 shares were traded on the counter.

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.

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.’