Ircon International Ltd ofs

Security Type	OFS
Symbol	IRCON
Issue Period	07 Dec 2023 to 08 Dec 2023
	/December 7th 2023 for Non Retail Investors and December 8th,2023 for Retail Investors and Non Retail Investors who choose to carry forward their bids
StartTime	09:15
EndTime	15:30
Offer Size – No. of Shares	3,76,20,629
	Base Offer Size – 3,76,20,629 shares and Additional Option to sell up to 3,76,20,629 shares (Oversubscription Option). Total Shares (Base Size + Green Shoe) 7,52,41,258. The seller shall intimate the stock exchanges of its intention to exercise the oversubscription after trading hours (i.e. on or before 5 pm) on 7th December’2023.
Offer Size for Retail Investors	37,62,063
	Base Offer Size 37,62,063 shares and Oversubscription Option of 37,62,063 shares. Total Shares (Base Size + Green Shoe) 75,24,126 shares
Offer Size for Non Retail Investors	3,38,58,566
	Base Offer Size 3,38,58,566 shares and Oversubscription Option of 3,38,58,566 shares. Total Shares (Base Size + Green Shoe) 6,77,17,132 shares
Face Value	2.00
Floor Price	154.00
Lot Size	1
Tick Price	0.05
ISIN No	INE962Y01021
Minimum Bid Quantity	1
Maximum Bid Quantity	3,76,20,629

 

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Elite Wealth Limited does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only information in making their investment decision and must exercise their own judgment before making any investment decision.

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Disclosure Appendix

Analyst Certification (For Reports)

Kiran Tahlani, Elite Wealth Limited, kirantahlani@elitestock.com

The analyst(s) certify that all of the views expressed in this report accurately reflect my/our personal views about the subject company or companies and its or their securities. I/We also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. Unless otherwise stated, the individuals listed on the cover page of this report are analysts in Elite Wealth Limited.

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(1) all of the views expressed in the report accurately reflect his or her personal views about any and all of the subject securities or issuers; and

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Research Excerpts

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Country Specific Disclosures

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Legal Entities Disclosures

Mr. Ravinder Parkash Seth is the Managing Director of Elite Wealth  Ltd (EWL, henceforth), having its registered office at Casa Picasso, Golf Course Extension, Near Rajesh Pilot Chowk, Radha Swami, Sector-61, Gurgaon-122001 Haryana, is a SEBI registered Research Analyst and is regulated by Securities and Exchange Board of India. Telephone: 011-43035555, Facsimile: 011-22795783 and Website: www.elitewealth.in

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1. Reports
2. a) EWL or his associate or his relative has no financial interest in the subject company and the nature of such financial interest;

(b) EWL or its associates or relatives, have no actual/beneficial ownership of one per cent. or more in the securities of the subject company, at the end of the month immediately preceding the date of publication of the research report or date of the public appearance;

(c) EWL or its associate or his relative, has no other material conflict of interest at the time of publication of the research report or at the time of public appearance;

2. Compensation

(a) EWL or its associates have not received any compensation from the subject company in the past twelve months;

(b) EWL or its associates have not managed or co-managed public offering of securities for the subject company in the past twelve months;

(c) EWL or its associates have not received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve months;

(d) EWL  or its associates have not received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past twelve months;

(e) EWL or its associates have not received any compensation or other benefits from the subject company or third party in connection with the research report.

3 In respect of Public Appearances
(a) EWL or its associates have not received any compensation from the subject company in the past twelve months;
(b) The subject company is not now or never a client during twelve months preceding the date of distribution of the research report and the types of services provided by EWL

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(4) EWL or its proprietor has never served as an officer, director or employee of the subject company;
(5) EWL has never been engaged in market making activity for the subject company;
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