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Press Trust of India The initial public offering of railway engineering and construction firm Ircon International was fully subscribed on Tuesday, the second day of bidding.
The ₹470.49-crore IPO received bids for over 1.01 crore shares against the total issue size of over 99.05 lakh shares, according to NSE data.
The shares set aside for qualified institutional buyers (QIBs) was subscribed 1 per cent, non-institutional investors 19 per cent and retail investors 2.96 times, the exchange data showed.
The public offer which opened on Monday would close tomorrow. The price band has been set at ₹470-475 a share.
IDBI Capital Markets & Securities, Axis Capital and SBI Capital Markets are the lead managers to the issue.
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