** (The retail bidders - will be entitled to a discount of 5 % on cut-off price - on allotment)
NBCC Ltd was incorporated in 1960 and is a wholly owned GOI undertaking under the Ministry of Urban Development (MOUD). NBCC is headquartered in New Delhi and in addition they have 10 regional / zonal offices across India. NBCC is one of the few public sector companies engaged in the business of project management consultancy services (PMC) for civil construction projects, civil infrastructure for power sector and real estate development. Company's PMC projects segment includes residential and commercial complexes, redevelopment of buildings and colonies, hospitals, educational institutions, infrastructure works for security personnel, border fencing as well as infrastructure projects such as roads, water supply systems, storm water systems and water storage solutions.
NBCC Ltd's civil Infrastructure for power sector segment includes providing engineering and construction services for power projects, including design and execution of civil and structural works for power projects, Cooling towers and Chimneys. Overall across the spectrum the company has successfully completed 43 projects and currently has 141 Ongoing Projects and 78 Forthcoming Projects. NBCC Ltd has successfully completed 8 real estate development projects. They have in hand 4 residential Ongoing Projects, 6 residential Forthcoming Projects and 3 commercial Ongoing Projects and 6 Forthcoming Projects.
The projects undertaken by NBCC are spread across 23 states and 1 union territory in India. In addition, they have also undertaken projects overseas. On October 14, 2008; the Government granted NBCC Schedule 'A' PSU status. They have also been awarded ISO 9001:2008 from the Bureau of Indian Standards in respect of its consultancy and project management division.
CARE has assigned an IPO Grade 4 to NBCC IPO indicating company has 'Above Average Fundamentals'.
National Buildings Construction Corporation Ltd (NBCC) is coming out with an IPO of 1.2 Cr Equity Shares. This is an offer for sale of equity shares by the Government of India (GOI) as part of the decision to divest part of its shareholding in NBCC.
NBCC will not receive any IPO proceeds from the same. The GOI shareholding will reduce from 100% to 90% post issue.
We Recommend Investors to "Subscribe" to the NBCC IPO.
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