Ircon International has debuted at Rs 410.30 on the BSE, down by 64.70 point or 13.62% from its issue price of Rs 475.
The scrip is currently trading at Rs 456.00, down by 19.00 points or 4.00% from its issue price. It has touched a high and low of Rs 464.40 and Rs 410.30 respectively. So far 4,13,000 shares were traded on the counter.
The offering, which was open for subscription between September 17, 2018 and September 19, 2018, was subscribed 9.9 times. The issue price was fixed at Rs 475 per share i.e. at upper end of price band of Rs 470- 475 apiece.
Ircon International is an integrated Indian engineering and construction company, specializing in major infrastructure projects, including, railways, highways, bridges, flyovers, tunnels, aircraft maintenance hangars, runways, EHV sub-stations, electrical and mechanical works, commercial and residential properties, development of industrial areas, and other infrastructure activities.