IRCON International IPO On 17 Sept: Should You Subscribe?


IRCON International IPO On 17 Sept: Should You Subscribe?

Formerly known as the Indian Railway Construction Company Limited, IRCON International Limited will be entering the capital market on 17 September with its IPO (initial public offering) issue. Here are the key details of the IRCON IPO offer and brokerage views.

IRCON is offering 99,05,157 shares with a face value of Rs 10 per share at the price bandwidth of Rs 470 to 475 per share. Bids have to be made for a minimum lot size of 30 shares and in multiples of 30 thereon. The issue managers are IDBI Capital Markets & Securities, Axis Capital and SBI Capital Markets. It is proposed to be listed on the NSE (National Stock Exchange) and BSE (Bombay Stock Exchange). Read more

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