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Ircon International settles 13% below its issue price on debut

The stock settled at Rs 412.95, 13% below its issue price of Rs 475 per share on the NSE.

IPOs, IPO
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(Photo: iSTOCK)

SI Reporter Mumbai
Shares of engineering and construction firm Ircon International settled weak on its debut on Friday.

The stock got listed at Rs 412,  13 per cent below its issue price of Rs 475 per share on the National Stock Exchange (NSE). It settled at Rs 412.95.

The stock hit a high of Rs 465 and a low of Rs 409 on the NSE in intra-day trade today.

The company offered a discount of Rs 10 per equity share on the offer price to retail individual bidders and eligible employees bidding.

Ircon International had raised Rs 4.7 billion through

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First Published: Sep 28 2018 | 10:06 AM IST

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