By Vivek K. Mobile: 09920183006 Email:firstname.lastname@example.org
(L-R) – Ms Umashanmukhi Sistla (President & COO, SBI Capital Markets Limited), Mr Salil Pitale (Managing Director, Axis Capital Limited), Shri M.K. Singh (Director Finance & CFO, IRCON International Limited), Shri Sunil Kumar Chaudhary (Chairman & Managing Director, IRCON International Limited), Shri Rajiv Gupta (Director PSU, Ministry of Railway) and Shri Nalin Kumar (EVP & Head IB, IDBI Capital Markets & Securities Limited) at IRCON International Limited IPO press conference held today in Mumbai.
IRCON International Limited (the “Company”) proposes to open on September 17, 2018, an initial public offering of equity shares of Face Value of Rs. 10 each (“Equity Shares”) for cash at a Price per Equity Share (including a Share Premium) (“Offer”) comprising an offer for sale of 9,905,157 Equity Shares by its Promoter, The President of India, acting through the Ministry of Railways, Government of India (“The Selling Shareholder”).
The offer includes a reservation of up to 500,000 equity shares for subscription by eligible employees (as defined in Red Herring Prospectus) (“Employee Reservation Portion”). The offer-less employee reservation portion is referred to as the net offer. The offer and the net offer will constitute 10.53% and 10.00% of the post offer paid-up equity share capital of the company respectively. The Bid/Offer Period closes on September 19, 2018. Read more