The share sale for today will continue till close of the market.In the secondary market, the NBCC scrip is trading at Rs 251, down 0.79 per cent, on BSE.Retail investors, who are defined as individual investors who place bids for sales of total value of not more than Rs 2 lakh in aggregate, will be allocated shares at a discount of 5 per cent of the cut-off price. The price band of the NBCC IPO was then fixed at Rs 90-106 per share.In May this year, shareholders had approved stock split to facilitate the FPO under the government's disinvestment programme. The company has split its share of Rs 10 each into five with a face value of Rs 2 each.The stake sale is part of the government's Rs 56,600 crore disinvestment programme for the current fiscal. So far this fiscal, the government has raised Rs 6,414 crore through OFS and buyback of equity.NBCC is the third disinvestment through offer for sale (OFS) route by the government in the current fiscal. It had sold 7 per cent stake in Hindustan Copper to raise Rs 400 crore in September and 11.36 per cent in NHPC in April to garner Rs 2,716 crore.

Source: Economic Times October 20, 2016 06:33 UTC