NBCC IPO subscribed five times

The initial public offering (IPO) of state-owned National Buildings Construction Corporation (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.