Ircon International Limited IPO
Ircon International Limited was a mainboard IPO in the Civil Construction sector, offered at ₹47–₹47.5 per share to raise ₹470 crore. The issue was subscribed 9.9× overall (QIBs 12.29×, NIIs 4.92×, retail 10.07×). It listed on 28 Sep 2018 at ₹41 and closed its first day at ₹42, a listing loss of -12.6% versus the ₹47.5 issue price. It now trades around ₹97 (+103.4% versus the issue price).
Frequently asked questions
- How many times was the Ircon International Limited IPO subscribed?
- The Ircon International Limited IPO was subscribed 9.9× overall — 12.29× in the QIB category, 4.92× among non-institutional investors, 10.07× in retail.
- What were the Ircon International Limited IPO listing gains?
- Ircon International Limited listed on 28 Sep 2018 at ₹41, closing its first day at ₹42 — a listing loss of -12.6% versus the ₹47.5 issue price.
- What were the retail allotment odds for the Ircon International Limited IPO?
- Retail was subscribed 10.07×, so a single-lot application had roughly a 9.9% chance of allotment (about 1 in 10), and allotment was finalised on 24 Sep 2018.
- What was the price band and lot size of the Ircon International Limited IPO?
- The price band was ₹47–₹47.5 per share, with a minimum lot of 30 shares (₹1,425 at the upper band).
- Who were the registrar and lead manager for the Ircon International Limited IPO?
- Karvy Computershare Private Limited was the registrar, and IDBI Capital was the book-running lead manager.