► Sharekhan (Free Demat)

IRCON IPO Subscribed 9.77 times; QIB 12.29, HNI 4.92 & Retail 9.66 times

Table of Contents

IRCON International IPO to hit the market on 17th September and ends on 19th September. As it was good to see the PSU companies getting good response in grey market. RITES was a good listing for the PSUs while IRCON got a good response in gmp at a start and due to market conditions its going down again. We can see it was started around 100 and now its almost around 50 but if market reacts positively we can have a good gmp on the hand. IRCON is a good bet for short and long term both. Lets see how subscription numbers comes. We can expect a good numbers around 10+ times in QIB and HNI while 7-8 times in retail. Check IRCON ipo gmp by day to day.

IRCON IPO Subscription Numbers(Fully Subscribed)

CategoryDay 1Day 2Day 3

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
    Share the Post:

    Leave a Reply

    Your email address will not be published. Required fields are marked *