Finally, IRCON gets a nod from the Market Regulator the Securities and Exchange Board of India (Sebi) for its initial public offering to raise a fund of around INR 500 crore. The IPO would hit the stock market in the September 2018, an official said.

The company had submitted draft papers with the Sebi for the initial public offering through which the government of India will divest 99 lakh shares or approx. 10% stake. Sebi gave the green signal to IRCON on July 13 for IPO, an official told PTI.

The Finance Ministry would organize the roadshows for the sale of shares & the IPO would be hit the market in September month. So, be ready with your homework; a good IPO is coming in the next couple of months.