IRCON International is set date for closing subscription on 19th September while allotment date is finalle come on 25 September 2018. The ircon allotment status is available at kosmic.karvy.com website..The ipo was subscribed best over the time. Brokers are believes that this issue is quite attractive compared to its competitors. Brokerage has advised to buy it for listing profit only. This issue is attractive based on the valuation.
How to Check Allotment Online for Ircon IPO?
IRCON International IPO allotment is now available at Karvy Computershare’s website – https://corpreg.karvy.com/ipostatus/. Add you PAN Number OR Application number to get allotment status.
Basic Allotment Date: 25 September
Banking SMS Time: 2 PM
Website Update Time: 8 PM
Listing Date: 28 September
Check Allotment Here : Click Here
The IPO of the government company, IRCON International, is going to knock the capital market on Monday 17th September. The company is going to sell 99,05,147 shares through this IPO. The face value of all these shares is Rs 10 per share. This stock can be invested for a minimum of 30 shares. Accordingly, the investor has to invest at least Rs. 14,000 on the basis of higher price of the price bank.
An issue price band of Rs 470-475 has been kept for these shares. The management of the issue is to make IDBI Capital Markets & Securities, Axis Capitis, SBI Capital Markets.
This is part of the government’s disinvestment this fiscal. The government is going to sell its 10 percent stake in the company through this IPO. The company comes under Indian Railways.
In this issue, all the 0.99 crore shares are being offered under the offer for sale, which holds about 10.5% stake in the Indian government. 5 percent of the issue or 5 lakh shares are reserved for the company’s employees. Retail investors will be given a discount of 10 rupees per share. The company will not earn from the issue.
The company wants to increase its portfolio. The company is also open for joint weights. The company wants to increase its presence on the global level in other countries. According to Crisil, the construction sector can reach 54 million more rupees to 22.2 lakh crore during the financial year 19-22.
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IRCON IPO GMP & Grey Market Premium Today
IRCON International IPO Price-Band, Reviews & Subscription Status
IRCON International IPO Details
|Subscription Dates||17 – 19 Sept 2018|
|Issue Price Band||INR 450 – 475|
|Minimum bid (lot size)||30 Shares|
|Minimum bid Price||INR 14250|
|Face Value||INR 10 per share|
|IPO Size||INR 470.49 Cr|
|Issue Type||Book Built Issue IPO|
|Listing At||BSE, NSE|
IRCON IPO Financial Performance (in INR crore)
IRCON International IPO Prospectus:
IRCON International IPO Lead Managers:
- IDBI Capital Market Services Limited
- Axis Capital Limited
- SBI Capital Markets Limited
IRCON International IPO Promoters:
- The President of India Acting Through The Ministry of Railways
Company Contact Information:
IRCON International Limited
Plot no. C – 4, District Centre,
Saket, New Delhi -110017, India
Contact Person: Ritu Arora
Company Secretary and Compliance Officer
Telephone: +91 11 2956 5666
Fax: +91 11 2652 2000 / 2685 4000
E-mail: [email protected]
IRCON International IPO Registrar:
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32, Gachibowli
Financial District, Nanakramguda
Hyderabad 500 032
Telephone: +91 40 6716 2222
Facsimile: +91 40 2343 1551
Email: [email protected]
Investor Grievance e-mail: [email protected]
Contact Person: M. Muralikrishna
SEBI Registration No. INR000000221