IRCON International IPO Dates, Review, Price Band and Market Lot Details

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IRCON gets SEBI’s go ahead for the ipo and IRCON ipo to hit the market on 17-September and ends on 19-September. IRCON International is a Rail PSU company promoted by The President of India Acting Through The Ministry of Railways. They are coming share sale over 99 lakhs which will be the disinvestent of 10% of government. The IPO likes to fetch 470 crore. The company is incorporated 1976 and specialises in railway and highway construction, bridges, flyovers, tunnels and more. IRCON completed over 300 infrastructure projects in India and over 100 in Malaysia, Nepal, Bangladesh, Mozambique, Ethopia, Afghanistan, Algeria, Sri Lanka and the UK. RITES already listed with good premium and going well in the market and now IRCON will come up with offerings. Lets see how this IPO will perform.


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IRCON IPO Dates & Price Band:

  • IPO Open: 17-September-2018
  • IPO Close: 19-September-2018
  • IPO Size: Approx Rs. 470 Crore (Approx)
  • Face Value: Rs.10 Per Equity Share
  • Price Band: Rs. 470 to 475  Per Share
  • Listing on: BSE & NSE
  • Retail Portion: 35%
  • Equity: 99,05,157 Shares
  • Discount: Rs.10 (Retail & Employees)

IRCON IPO Market Lot:

  • Shares: Apply for 30 Shares (Minimum Lot Size)
  • Amount: Rs. 13,950 (For RII & EMP)
  • Amount: Rs. 14,250 (For QIB & HNI)

IRCON IPO Allotment & Listing:

  • Basis of Allotment: 25-September-2018
  • Refunds: 26-September-2018
  • Credit to demat accounts: 26-September-2018
  • Listing: 28-September-2018

Read Also

IRCON Financial:

  Rs. in Crore
9M 201825912340212

More Details:

  • Earnings Per Share (EPS): Rs.38.82
  • Return on Net Worth (RONW): 10.08%
  • Net Asset Value (NAV): Rs. 385.08 / Share

Company Promoters:

  • The President of India Acting Through The Ministry of Railways

Quick Links:
DRHP Draft Prospectus
RHP Draft Prospectus

IRCON IPO Registrar:
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32, Gachibowli
Financial District, Nanakramguda
Hyderabad 500 032
Telangana, India
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
Note: Check Garden Reach Shipbuilders ipo allotment status on Karvy website allotment url. Click Here

IRCON IPO Lead Managers:

  • IDBI Capital Markets & Securities Limited
  • Axis Capital Limited
  • SBI Capital Markets Limited

Company Address:
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]

Note: The ipo price band and dates will be added as it will be officially announced. The ipo grey market premium (ipo gmp) will be added on the grey market page as it will be started)

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