Retail investors who have invested were issued at 5% discount to the final price received at Rs 100.70/share, have now made a loss of 5%.
The initial public offering of NBCC received bids for 59,152,260 issued shares against the issue size of 12,000,000 shares. NBCC is into services for civil construction projects; civil infrastructure for power sector; and real estate development.
The company is a debt free company, which was one of the highlights of the issue.
This was the government's last divestment programme to raise Rs 40,000 crore for FY12.