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Ircon IPO opens today, should you subscribe?

The price band of the offer has been fixed between Rs 470-475 per share of the face value of Rs 10 each.

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Last Updated : Sep 17 2018 | 8:29 AM IST

The initial public offer (IPO) of Ircon International (Ircon) opens today for subscription. The government plans to divest around 10 per cent in its railway subsidiary.

Established in 1976, this Miniratna is an integrated engineering and construction company (EPC), specialising in major infrastructure projects, including railways, highways, flyovers, tunnels, aircraft maintenance hangars etc.

Issue details

The issue consists entirely of an offer for sale (OFS) of 9,905,157 shares with 5 per cent shares being reserved for Ircon’s employees. The retail investors and employees will be offered a discount of Rs 10 per share. As the issue is 100 per cent OFS,

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