Business Standard

Ircon International Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

466.94 cr

Price Range (₹)

475

Lot Size

30

Min Investment (₹)

14,250.00

Listing Exchange

MumbaiNSE

Open Date

17-Sept-2018

Close Date

19-Sept-2018

Listing Date

28-Sept-2018

Ircon International Ltd News

    The Shares of Ircon International Ltd have now been listed.

    Ircon International Ltd IPO Details

    Initial public offering of 9,905,157 equity shares of face value of Rs. 10 each (equity shares) of Ircon International Limited (the company or the issuer) through an offer for sale by the President of India, acting through the Ministry of Railways, Government of India (the selling shareholder), for cash at a price* of Rs. 475 per equity share ((including a share premium of Rs. 465 per equity share) (the offer price), aggregating to Rs. 466.94# Crores (the offer). The offer includes a reservation of up to 500,000 equity shares for subscription by eligible employees (as defined herein) (employee reservation portion). The offer less employee reservation portion is referred to as the net offer. The offer and the net offer shall constitute 10.53% and 10.00% respectively, of the post offer paid-up equity share capital of the company.*Retail Discount of Rs. 10 per Equity Share on the Offer Price was offered to the Retail Individual Bidders and Employee Discount of Rs. 10 per Equity Share on the Offer Price was offered to the Eligible Employees Bidding in the Employee Reservation Portion. #Subject to finalization of Basis of AllotmentThe face value of the equity shares is Rs. 10 each. The offer price is 47.5 times the face value of the equity shares.

    Objective of issue

    The Disinvestment of upto 9,905,157 shares including Employee Reservation Portion by the Selling Shareholders. Listing of Shares on the Stock Exchanges.

    Ircon International Ltd Contact Details

    Ircon International Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - cosecy@ircon.org

    Website - www.ircon.org