The IRCON International IPO will be listed on the indexes on September 28th. The IRCON ipo received a positive response from retail investors, with 9.77 times subscription
while QIB received 12.29 times and HNI received 4.92 times, which was less than projected. Despite the fact that market conditions are not favourable and that most brokerage firms are on the negative side, IRCON received a favourable response. As the grey market has reached parity, we may see a flat listing of IRCON or it may fall below the price. Good luck with your investments
IRCON IPO Listing Price
| Details | BSE Listing | NSE Listing |
|---|---|---|
| Listing Price | 410.30 | 412.00 |
| High Price | 464.40 | 465.00 |
| Low Price | 410.30 | 409.10 |
| Close Price | 416.65 | 415.30 |
IRCON IPO Subscription Numbers (Fully Subscribed)
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.00 | 0.01 | 12.29 |
| HNI | 0.04 | 0.19 | 4.92 |
| RII | 0.86 | 2.96 | 9.66 |
| EMP | 0.02 | 0.11 | 0.36 |
| Total | 0.29 | 1.02 | 9.77 |
IRCON IPO Review:
- Apply for Long Term
Brokerage Firm Reviews:
- ICICI Direct: Subscribe
- Mehta Equities: Subscribe
- Centrum Wealth Research: Subscribe
- SPA Securities: Subscribe
- Choice Broking: Subscribe
- SMC Research: Subscribe
- Rudra Shares & Stock Brokers Ltd: Subscribe
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
