 "Ircon OFS kicks off; Doms IPO price band fixed at Rs 750-790 per share")
Ircon OFS for non-retail investors kicks off
The offer for sale (OFS) in Ircon International by the government garnered two times subscription, with non-retail investors placing bids for 156.6 million shares as against 75.2 million on offer. Most bids came at around Rs 157 per share, slightly above the base price of Rs 154 set by the government. Shares of Ircon fell 6.5 per cent to end at Rs 61. About 7.52 million shares reserved for retail investors, which will be auctioned on Friday. Following the share sale, the government holding in the rail engineering firm will fall to 65.18 per cent. BS REPORTER
Doms IPO price band fixed at Rs 750-790 per share
Doms Industries, the stationery and art products manufacturer, has fixed the price band at Rs 750-790 per share for its public issue opening next week. This would be the first IPO this month. The Rs 1,200-crore public offer will open for subscription on December 13 and close on 15th. The IPO is a mix of a fresh issuance of shares worth Rs 350 crore by the company. agencies
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%