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IRCON International Limited IPO
MainboardRs 14,250 / 30 Shares
IPO Details
IRCON International Limited IPO IPO is priced between Rs 470/- to Rs 475/- Per Equity Share ( Rs 10/- discount for RII and Employees), with a face value of Rs 10 per share. The company's equity shares will be listed on the Mainboard, and Karvy Computershare Private Limited is managing the issue as the registrar.
The IPO bidding period opened on 17 Sep, 2018, and closed on 19 Sep, 2018. The allotment results will be announced on 26 Sep, 2018, with a tentative listing date set for 28 Sep, 2018.
The total issue comprises Offer for Sale of 99,05,157 Equity Shares of Rs 10/- each at price of Rs 470/- to Rs 475/- aggregating up to Rs 470.49 Cr, amounting to .
IRCON International Limited IPO IPO Highlights
| IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| Sep 17, 2018 - Sep 19, 2018 | 28 Sep, 2018 | Rs 10 Per Equity Share | Rs 470/- to Rs 475/- Per Equity Share ( Rs 10/- discount for RII and Employees) | - | Shares | - | NSE, BSE ( B - Group ) |
IRCON International Limited IPO IPO Timeline
Issue Price
Rs 470/- to Rs 475/- Per Equity Share ( Rs 10/- discount for RII and Employees)Face Value
Rs 10 Per Equity ShareListing at Group
NSE, BSE ( B - Group )Registrar
Karvy Computershare Private LimitedMarket Lot
30 Shares (Rs 14,250/-)Lead Manager
IDBI Capital Markets & Securities Limited, Axis Capital Limited, SBI Capital Markets LimitedIssue Size
Offer for Sale of 99,05,157 Equity Shares of Rs 10/- each at price of Rs 470/- to Rs 475/- aggregating up to Rs 470.49 CrRetail Portion
N/ASubscription
9,70,53,990 9.90 timesIPO Docs
About Company
IRCON International Limited IPO IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 47,02,578 | 14,10,774 | 32,91,805 | 99,05,157 |
| Day 1 - 17-09-18 | 0 x | 56,430 0.04 | 28,30,952 0.86 x | 28,72,495 0.29 x |
| Day 2 - 18-09-18 | 43,050 0.01 x | 2,69,520 0.19 | 97,43,790 2.96 x | 1,01,10,000 1.02 x |
| Day 3 - 19-09-18 | 5,78,08,890 12.29 x | 69,40,950 4.92 | 3,31,64,370 10.08 x | 9,70,53,990 9.90 x |
IRCON International Limited IPO IPO - Issue Objectives
- Offer for Sale(a) To carry out the disinvestment of upto 99,05,157 Equity Shares by the Selling Shareholder constituting 10.53% in the company. (b) To achieve the benefits of listing the Equity Shares on the Stock Exchanges.