IRCON International said non-retail investors can participate in the OFS on December 7. Retail investors, and non-retail investors who choose to carry forward their unallotted bids, can participate in the issue on December 8, Friday.
Under the OFS, the government will offload about 3.76 crore shares, which represents a 4% stake through the OFS, and in the case of oversubscription, an additional 4% stake will be under sale.
Day 2 of RBI MPC meeting, IRCON OFS to open in Top News on December 7: Stock market, Bank Nifty, Revanth Reddy set to become new Telangana CM, TECNO SPARK GO 2024 first sale on Amazon also in focus.
IRCON International shares tanked 8.43 per cent to hit a low of Rs 157.50 on BSE. With this, the multibagger stock has cut its year-to-date rise to 166.58 per cent.