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NBCC IPO subscribed five times

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The initial public offering (IPO) of state-owned (NBCC) received a final subscription of 4.93 times. The qualified institutional buyers (QIB) category received 7.07 times subscription, the wealthy investor category got about 1.7 times subscription, while the retail portion got subscribed 3.4 times. The oversubscription could see the company pricing the issue at Rs 106, the top end of the price band. NBCC is looking to raise a about Rs 125 crore from the offering.

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Drafting of prospectus for RINL IPO underway: minister

Preparation of draft prospectus for the initial public offering (IPO) of Rashtriya Ispat Nigam Ltd (RINL) is underway, Parliament was informed today.

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