NBCC issue priced at Rs.106

The Central Government on Wednesday fixed the issue price at Rs.106 a share for the the National Buildings Construction Corporation's public offer. The shares of the NBCC would be listed on the BSE and the National Stock Exchange on April 12. The price band of the IPO had been fixed at Rs.90-106 a share. At the lower end, the government would have raised about Rs.108 crore. “The issue has been subscribed 4.93 times, of which 4.74 times is at the top end of the price band. Hence the issue price can be justifiably fixed at Rs.106,” Disinvestment Secretary Mohd Haleem Khan told PTI.