Ircon International Ltd IPO


IPO Details

  • Open Date 17-Sep-18
  • Close Date 19-Sep-18
  • Lot Size 30
  • IPO Size ₹ 466.94 Cr
  • IPO Price Range ₹ 475
  • Min Investment ₹ 14250

IPO Synopsis

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 Allotment The face value of the equity shares is Rs. 10 each. The offer price is 47.5 times the face value of the equity shares.

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Ircon International Ltd IPO

Contact Information

Plot No C-4,
District Centre Saket,
New Delhi, New Delhi 110017