Global Hour

IRCON International to be the 9th International IPO in India this year

The Indian IPO market has seen numerous new players register themselves in 2018. Engineering and construction company, IRCON International, which is owned by the state is set to open its IPO today. The initial price band would be Rs 470 – 475.

So far, there have been 8 international companies that have opened their IPOs in FY 2018-19. IRCON International is the second government of India owned company to open an IPO under the investment program.

IDBI Capital Markets & Securities, Axis Capital and SBI Capital Markets are the lead managers to this offer. The listing will be done on both NSE and BSE.

About the IRCON International:

An integrated Indian engineering and construction company, IRCON International specializes in numerous infrastructure projects. The projects under the company’s best include railways, highways, bridges, flyovers, tunnels, aircraft maintenance hangars, runways, EHV sub-stations, electrical and mechanical works, commercial and residential properties, development of industrial areas.

The company offers EPC services on a fixed-sum turnkey basis and on an item-rate basis for numerous infrastructure projects. It also works on the build-operate-transfer model for various projects depending on the requirement.

At the price of Rs 386.72 per share, IRCON bought 0.49 crore shares in December 2017. The order book of the organization stands at Rs 22,406.79 crore.

Headquartered in New Delhi, India and in Malaysia, the company has 26 offices in India and across the globe. It also owns five regional offices that support and manage the business.

 

 

Share

Recent Posts

7 casualties confirmed in Jammu & Kashmir terror attack: 3rd attack in one Week

An armed militant on Sunday killed seven individuals working on a tunnel project in the…

2 weeks ago

Bahraich Violence Aftermath: 50 arrested and Internet shut down Continues

The recent violence in Bahraich has left the city grappling with a tense aftermath. In…

3 weeks ago

The Benefits of Using a ULIP Return Calculator for Financial Planning

Unit Linked Insurance Plans (ULIPs) are the most popular investment option that combines the benefits…

1 month ago

Tirupati Laddu News: Alleged Use of Animal Fat and Beef Stir Public Outcry

A recent lab report has stirred widespread controversy after claims that animal fats, including beef…

2 months ago

Atishi Marlena Singh: 8th Chief Minister of Delhi

In a historic shift in Delhi’s political landscape, Atishi Marlena has been appointed as the…

2 months ago

Manipur Violence Erupted Again: Internet Shut, Curfew Imposed

Manipur Violence broke out in Imphal on Tuesday when students marched toward Raj Bhawan, demanding…

2 months ago