Category Archives: IRCON International GMP

IRCON International IPO : Date, Price, Allotment Status, Listing, Grey Market Premium

Government of India (GOI) owned enterprise, IRCON International is soon going to come out with its initial public offering (IPO).

IRCON International IPO : Date, Price, Allotment Status, Listing, Grey Market Premium

I am sure investors would be searching for all details about IRCON International IPO which will help them to decide whether to invest or not in this IPO.

IRCON International Company Profile :

IRCOn International Limited, previously known as Indian Railway Construction Company Limited (IRCON) is a state-run company promoted by President of India. Established in 1976, this PSU is a wholly(100%) owned entity of the Ministry of Railways.

The primary covenant of this company includes construction of railway projects in both India and abroad. Ircon has successfully completed over 1250 major infrastructure projects in India and 200 major projects in more than 31 countries.

The core competencies of the company are Railways, Highways and EHT Substation Engineering and Construction.

IRCON International Promoters:

The Promoter of the company is the President of India acting through the Ministry of Railways (MoR). The Promoter currently holds, directly and indirectly (through his nominees), 100% of the pre-Offer paid-up Equity Share capital of the Company.

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IRCON International IPO IPO Detail :

Issue Open: Yet to be announced.
Issue Type: Book Built Issue IPO
Issue Size: 22,410,000 Equity Shares of Rs 10
Face Value: Rs 10 Per Equity Share
Issue Price: Yet to be announced.
Market Lot: Yet to be announced.
Minimum Order Quantity: Yet to be announced.
Listing At: BSE, NSE

Important Dates of IRCON International IPO :

Bid/Offer Opens On: Yet to be announced.
Bid/Offer Closes On: Yet to be announced.
Finalisation of Basis of Allotment: Yet to be announced.
Initiation of refunds: Yet to be announced.
Credit of Equity Shares to demat accounts: Yet to be announced.
Commencement of trading of the Equity Shares on the Stock Exchanges: Yet to be announced.

IPO Issue Allocation :

    • Qualified institutional buyers (QIBs) – 50% of the offer.
    • Non-institutional bidders – 15% of the offer.
    • Retail individual bidders – 35% of the offer.

IRCON International IPO Subscription Details :

Category Shares offered Subscription (no. of times)
Day 1 Day 2 Day 3
QIB
NII
Retail
Employees
Total

Download Red Herring Prospectus of IRCON International IPO :

To Download Red Herring Prospectus of IRCON International IPO Click Here

Grey Market Premium (GMP) of IRCON International :

Currently the Grey Market Premium of IRCON International is not available. Visit again for the Grey Market Premium of IRCON International once the issue price gets decided.

Company Contact Information :

IRCON International Ltd
Plot No C-4
District Centre Saket
New Delhi – 110017, New Delhi, India.
Phone : 91-11-29565666/26530456 Fax : 91-11-26522000/26854000
Email : info@ircon.org
Website : www.ircon.org

IRCON International IPO Registrar :

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551 
Email:
 ircon.ipo@karvy.com
Website: www.karvycomputershare.com

IRCON International IPO Lead Manager(s) :

  1. Axis Capital Ltd
  2. IDBI Capital Markets & Securities Ltd
  3. SBI Capital Markets Ltd

IRCON International IPO Allotment Status :

You would be able to check the allotment status i.e., whether you have got the shares of IRCON International or not by vising the website of Registrar of the Issue which in this case is Karvy.

Check IRCON International IPO Allotment Status @ Check IRCON International IPO Allotment Online