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Market | Equity | Daily Market Tracker | IPO Synopsis
IPO SYNOPSIS
Ircon International Ltd
Registered Office:
Plot No C-4,District Centre Saket,
New Delhi - 110017,
New Delhi, India.
Email :  info@ircon.org
Website :  www.ircon.org
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.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
17-Sep-18
19-Sep-18
475.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 30     Further Multiples of : 30
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
0.00
Axis Capital Ltd
Project Financed
466.94
 
Post Issue
94.05
 
Issue Price
475.00
 
Projects
The Disinvestment of upto 9,905,157 shares including Employee Reservation Portion by the Selling Shareholders
Listing of Shares on the Stock Exchanges
Promoted By
The President of India
Listing At
BSE
NSE
Registrar to the Issue
Karvy Fintech Pvt Ltd
SEBI Regn. No: NSE : INB 230643233/TM06432, INE 230643233(CD), INF 230643233 (F&O) BSE : INB 10643238/TM3129, INE 10643238(cd), INF 10643238(F&O)
SEBI Regn. No: MCX/ NCDEX: INZ000028833, NCDEX : NCDEX/TCM/CORP/0460 | MCX : MCX/TCM/CORP/0263 | CDSL : IN-DP-CDSL-266-2004 MCX-SX:INE 260643233/21500(CD)
Investor Grievances Email ID: compliance@dbonline.in & investors@dbonline.in
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