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IRCON International ended 0.16% higher at Rs 91.25 on the BSE today, after the company s offer for sale (OFS) concluded on Thursday, 4 March 2021. The Government of India initially offered to sell over 4.70 crore shares, constituting 10% paid-up share capital of the company, through the OFS. The floor price for the OFS was set at Rs 88 per equity share, at a 10.07% discount to IRCON s closing price of Rs 97.85 on Tuesday, 2 March 2021. The OFS opened on Wednesday (3 March 2021) for non-retail investors, while both retail as well as non-retail investors were allowed to subscribe on Thursday (4 March 2021). On Wednesday (T day), the OFS received subscription for 10,84,93,968 shares or 329.59% against the base non-retail offer size of 3,29,18,051 shares. ....
The OFS opened on Thursday (14 January 2021) for non-retail investors, while both retail as well as non-retail investors were allowed to bid on Friday (15 January 2021).The Government of India initially offered to sell 20,65,26,264 shares, constituting 5% paid-up share capital of the company, through the OFS. The floor price for the OFS was set at Rs 64 per shares, at a 14.2% discount to SAIL s closing price of Rs 74.70 on Wednesday, 13 January 2021. On Thursday (T day), the OFS received subscription for 74,74,60,041 shares or 413% against the base non-retail offer size of 18,07,10,481 shares. Following the strong response on T day, the government decided to exercise the oversubscription option of 20,65,26,264 equity shares (5% equity) in addition to the base offer. Accordingly, the final share sale was 41,30,52,528 shares, which aggregates to Rs 2,664 crore, constituting 10% of the paid-up equity share capital of SAIL. ....