IRCON INTERNATIONAL LTD

CLOSED

OFS · IPO Guide

Floor Price

₹88

Lot Size

1Shares

Min. Investment

₹88

Subscription

3.30x

Expert Rating

IRCON International Limited, is a company of Construction and Engineering sector and mainly working for Indian Railways. Company has shown good results and expected to grow at good rate. Current share price is around Rs 91.10 and OFS price Rs 88 with around 3% price difference. So, we give SUBSCRIBE rating for this OFS with long term view.

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Disclaimer

No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

💬 Community Discussion

5 Comments

J
Jayesh Bandi 04 Mar 2021, 13:28

hi how to apply this
J
jigar bhatt 03 Mar 2021, 19:53

thanks a lot
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IPO Guru Admin 03 Mar 2021, 19:10

If OFS got completely subscribed including green shoe option than Government holding will be reduced below 75% and after that there won't be any fear of more equity selling by Government due to SEBI rules.
🛡️
IPO Guru Admin 03 Mar 2021, 19:05

Expected to go around 96 - 100
J
jigar bhatt 03 Mar 2021, 18:45

hello Guruji konse target ke liye IRCON ofs purchase kerna chahie?

Period	Total Income	Total Expenses	Profit After Tax (PAT)
Upto Q3 FY21	2,993.03	2,713.01	220.59
FY20	5,539.68	4,898.13	482.35
FY19	4,989.61	4,386.89	442.28

Start Date	Mar 03, 2021
Close Date	Mar 04, 2021
Offer Size	—
Offer Size for Retail Investors	Base Offer Size 0 shares
Offer Size for Non Retail Investors	Base Offer Size 0 shares
Face Value	Rs 1/- Per Equity Share
Floor Price	Rs 88/- Per Equity Share
Lot Size	1
Tick Price	0.05
Min Bid Quantity	1
Allocation Methodology	Price Priority
Non Retail Clearing Price	Rs 89.75/-
Retail Clearing Price	Rs 89.75/-
Selling Member	Antique Stock Broking Ltd
Seller Promoter	Dr. Anil Jindal, Mr. Sunil Jindal, Mr. Bishan Bansal, Mr. Raju Bansal, BTL Industries Limited, BTL Portfolio Limited

IRCON INTERNATIONAL LTD

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