Ircon International to debut on stock market on Friday
- Country:
- India
Engineering and construction company Ircon International, which recently concluded its initial public offer, will make its stock market debut Friday.
The Rs 470-crore issue ran between September 17 and 19 and was subscribed nearly 10 times.
The IPO was for 99,05,157 equity shares.
The price band for the offer was set at Rs 470-475 per share.
IDBI Capital Markets & Securities Ltd, Axis Capital Ltd, and SBI Capital Markets Ltd managed the issue.
Ircon will be the second railway PSU to be listed on the stock markets after RITES in June this year.
Shares of the company will be listed on BSE and NSE.
Ircon International is a state-owned engineering and construction company, specializing in major infrastructure projects, commercial and residential properties, development of industrial areas and other infrastructure activities.
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