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Ircon's Rs 4.7-bn IPO opens Sep 17, Rs 10 discount for retail investor

Price band is Rs 470-475 in only second PSU offer this fiscal; Centre to offload 10% stake

BS Reporter  |  Mumbai 

IPO
Illustration: Ajay Mohanty

State-owned transport infrastructure company International will launch its Rs 4.7-billion (IPO) on September 17.
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The price band for the issue is Rs 470 to Rs 475 per share. Retail investors applying in the will be offered a discount of Rs 10 per share.
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The Centre is diluting 10 per cent stake through the IPO, which will not involve any fresh fund raising. IDBI Bank, Axis Capital and will handle the
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will be only the second by a government-owned company this fiscal. In June, the centre had raised Rs 4.6 billion through the IPO of Rites, a firm that operates in transport consultancy and engineering sector.


First Published: Fri, September 07 2018. 16:58 IST
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