NBCC (India) Ltd.

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.