Mumbai: State-run National Buildings Construction Corporation (NBCC) has fixed a price band of Rs90-106 for its initial share sale that aims to raise up to Rs127 crore, it said in a newspaper advertisement on Tuesday.
Enam and IDBI Capital are the merchant bankers to the issue, which opens on 22 March and closes on 27 March.
The share sale will be the government’s first since a $2.6 billion auction in Oil and Natural Gas Corp earlier this month failed to attract enough investors, forcing state-run Life Insurance Corp to pick up most of the 5% stake on offer.
