DIPAM Secretary on Wednesday( 6 December 2023) announed that government will sell up to 8% stake in Ircon International Ltd through an Offer For Sale (OFS).

• Floor price for the OFS has been fixed at Rs 154 per share, which is a 10% discount as compared to Ircon scrip's closing of Rs 171.65 on Wendesday. 52-week-low of the scrip is Rs 65 and 52-week-high is Rs 180.
• The plan includes selling 4% of the company, with an option to sell an additional 4% if the offer is oversubscribed, it said in a stock exchange filing. 
• Ircon International, or Indian Railway Construction International Limited, is an engineering & construction corporation, specialized in transport infrastructure.