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Ircon International Ltd
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Registered Office:
Plot No C-4,District Centre Saket
,
New Delhi
-
110017
,
New Delhi
, India.
Phone :
91-11-29565666 Fax:91-11-26522000/26854000
Email : cosecy@ircon.org
Website : www.ircon.org
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Initial public offering of 9,905,157 equity shares of face value of Rs10 each ("equity shares") of Ircon International Limited (the "company" or the "issuer") through an offer for sale by the President of India, acting through the Ministry of Railways, Government of India (the "selling shareholder"), for cash at a price* of Rs475 per equity share ((including a share premium of Rs465 per equity share) (the "offer price"), aggregating to Rs466.94# Crores (the "offer"). The offer includes a reservation of up to 500,000 equity shares for subscription by eligible employees (as defined herein) ("employee reservation portion"). The offer less employee reservation portion is referred to as the net offer. The offer and the net offer shall constitute 10.53% and 10.00% respectively, of the post offer paid-up equity share capital of the company.
*Retail Discount of Rs10 per Equity Share on the Offer Price was offered to the Retail Individual Bidders and Employee Discount of Rs10 per Equity Share on the Offer Price was offered to the Eligible Employees Bidding in the Employee Reservation Portion.
#Subject to finalization of Basis of Allotment
The face value of the equity shares is Rs10 each. The offer price is 47.5 times the face value of the equity shares.
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Opens On
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Closes On
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Application
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Allotment
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17-Sep-18
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19-Sep-18
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Rs 475.00-0.00
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Rs 0.00-0.00
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Minimum Application for shares in Nos :30 Further
Multiples of :30
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(Rs Cr)
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Lead Managers to the Issue
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Project Cost
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0.00
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Project Financed through Current Offer
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466.94
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Post Issue Equity Share Capital
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94.05
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Issue Price
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Rs 475.00
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