The offer for sale will take place on a separate window of the stock exchanges under the T+1 period. The OFS will take place between 9:15 am and 3:30 pm on December 7, 2023 for non-retail investors and will continue on December 8, 2023 for retail investors between 9:15 am and 3:30 pm.
IRCON OFS 2023 Details
| OFS Open: | December 7, 2023 |
| OFS Close: | December 8, 2023 |
| OFS Floor Price: | ₹154 per share |
| Closing Price: | ₹171.95 as of December 6 |
| OFS Discount: | 10.4% on closing price |
| Retail Discount: | N/A |
| Base Size: | 3.76 Crore shares (4.0% of Equity) |
“Offer for Sale in IRCON opens tomorrow for Non Retail investors. Retail investors can bid on Friday. Govt. would divest 8% equity including Green Shoe option,” posted the DIPAM Secretary on X platform.
The non-retail Investors who have placed their bids on December 7 and have chosen to carry forward their unallotted bids to December 8 (T+l Day), will be allowed to carry forward for allocation to them in the unsubscribed portion of the Retail Category and also revise their bids on T+l.
About IRCON
Ircon International Limited (IRCON), a government company incorporated by the Central Government (Ministry of Railways) under the Companies Act, 1956 on 28th April, 1976 originally under the name Indian Railway Construction Company Limited, is the leading turnkey construction company in the public sector known for its quality, commitment, and consistency in terms of Performance. IRCON has widespread operations in several States in India and other countries(Malaysia, Nepal, Bangladesh, Mozambique, Ethiopia, Afghanistan, the U.K. Algeria & Sri Lanka).
IRCON is a specialized construction organization covering the entire spectrum of construction activities and services in the infrastructure sector. However, Railway and Highway Construction, EHP sub-station (engineering and constructions), and MRTS are the core competence areas of IRCON.
IRCON operates not only in a highly competitive environment but also in difficult terrains and regions in India and abroad and is an active participant in prestigious nation-building projects. IRCON has so far completed more than 300 infrastructure projects in India and more than 100 projects across the globe in more than 21 countries.
8 Responses
When will will get ircon international shares in ofs
When we will get shares of OFS of IRCON.
What is the date of allotment?
ofs allotment date
Allotment date for ircon ofs
How can I check my OFS allotment, i have received SHARES or not ?
Click on your iD/console/portfolio/corporate actions/under OFS you will find IRCON
How to apply
I am client of zerodha