Government | Fixed Deposit, Mutual Funds, Insurance, Personal Finance, Loans, Income Tax

NBCC IPO: Allotment and Listing

The government fixed the share issue price for state-owned National Buildings Construction Corporation’s (NBCC) public offer at Rs 106 per share to raise about Rs 127 crore and would be listed on April 12, 2012. Check Allotment for NBCC IPO here - Bigshare You would either need Application Number, Demat Account or PAN Number NBCC would [...]

NBCC IPO: Review & Recommendations

NBCC (National Buildings Construction Corporation) is out with an IPO of 12,000,000 Equity Shares of Rs. 10 each by way of an offer for sale of Equity shares by Government of India. The price band is Rs. 90 – 106 with 5% discount to retail buyers & employees on the offer price. The government fixed the share issue [...]

NBCC IPO Daily Subscription Status

NBCC IPO is open for subscription from March 22 to March 27, 2012. This post would cover the subscription status of the same on a daily basis. NBCC IPO Subscription Day 4: NBCC IPO subscribed 4.82 times on last day of issue (March 27) Qualified Institutional Buyers (QIB) – 7.07 Corporates – 1.70 Retail Individual [...]

NBCC IPO : Price Band, Details, Review & Allotment

NBCC (National Buildings Construction Corporation) is coming out with an IPO of 12,000,000 Equity Shares of Rs. 10 each by way of an offer for sale of Equity shares by Government of India. NBCC: Company Overview: Incorporated in 1960 as a wholly owned Government of India undertaking under Ministry of Urban Development (MoUD), NBCC is [...]

Infra bonds not eligible for tax benefit FY2012-13

Infrastructure Bonds (Sec 80CCF) no more Tax Saving Instrument – FY 2012-13

If you were celebrating the tax cuts for next year (FY 2012-13) in Budget 2012, there is some bad news! Infrastructure Bonds would not be eligible as Tax saving instrument under Section 80CCF from FY 2012-13. What was the benefit? Two years ago there was an additional deduction introduced to encourage investors to put money into [...]

Income tax slabs 2012-13 after budget 2012

Income Tax Slab /Rate for FY 2012-13

Income Tax is one thing which every salaried man on the street is interested in. The good news is the Income Tax slabs has been altered by the Finance Minister Pranab Mukarjee in Budget 2012 today. Now people would be able to save upto Rs. 22,600 in income tax depending on which tax slab they fall in. [...]

Union Budget 2010: How it affects your Budget?

In any Union Budget there are two things which concerns common man like us – The first being the Personal Income Tax Rates and the second “what has become cheaper and what’s expensive” post budget. I am sure if you had browsed through any of the Indian newspaper or followed any news channels in last [...]