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IRCON International Limited IPO (IRCON International IPO) Detail

Sep 17, 2018 - Sep 19, 2018

Incorporated in 1976, Delhi based IRCON International Limited is a government company (under the Ministry of Railways) engaged in the business of engineering and construction. The company specializes in major infrastructure projects including highways, railways, bridges, flyovers, electrical and mechanical works, development of commercial, residential and industrial areas. It was ranked 248 in the list of 250 of top 250 global contractors by USA based Engineering News Record (ENR).

IRCON is headquartered in Delhi and has 26 project offices, 5 regional offices in India and 5 overseas project offices in Sri Lanka, Bangladesh, Malaysia, South Africa, and Algeria.

The company has 1,175 full-time employees on its payroll.

Competitive Strengths of the company-

1. Diversified business across many countries
2. Strong Financial performance with a robust credit profile
3. Strong order book of Rs 223,871.7 million as on Dec 31st, 2017.
4. Continuously expanding footprint within and beyond India

Company Promoters:

The Promoter is the President of India acting through the Ministry of Railways. The Promoter, along with its nominees, holds 99.71% of the pre-Offer paid-up equity share capital of the Company. After this Offer, the Promoter shall hold 89.18% of the post Offer paid-up equity share capital of the Company.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (in Rs. Million)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 (Proforma) 31-Mar-14 31-Mar-13
Total Assets 127,782.22 92.314.11 81,394.06 65,210.01 62,134.65 62,389.08
Total Revenue 42,124.02 33,013.48 29,086.37 33,325.05 41,507.70 45,431.58
Profit After Tax 4,115.80 3,839.78 3,931.08 5,630.31 7,469.80 8,048.95
Summary of financial Information (Restated Standalone)
Particulars For the year/period ended (in Rs. Millions)
31-Marc-18 31-Mar-17 31-Mar-16 31-Mar-15(Proforma) 31-Mar-14 31-Mar-13
Total Assets 1,27,079.37 91,676.27 81,367.77 65,287.03 61,718.40 62,393.25
Total Revenue 41,230.59 33,544.28 28,343.49 32,192.33 41,588.22 45,600.59
Profit After Tax 3,908.60 3,688.51 3,693.04 5,591.28 7,403.85 8,131.88

Objects of the Issue:

The objects of the Issue are:

1. To carry out the disinvestment of up to 9,905,157 Equity Shares by the Selling Shareholder constituting 10.53% of the pre-offer paid up Equity Share capital of the Company
2. To achieve the benefits of listing the Equity Shares on the Stock Exchanges.

The Company will not receive any proceeds from the Offer and all proceeds shall go to the Selling Shareholder.

IRCON International IPO Details
Issue OpenSep 17, 2018 - Sep 19, 2018
Issue TypeBook Built Issue IPO
Issue Size9,905,157 Eq Shares of Rs 10
(aggregating up to Rs 470.49 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 470 - Rs 475 Per Equity Share
Market Lot30 Shares
Min Order Quantity30 Shares
Listing AtBSE, NSE
IRCON International IPO Tentative Date / Timetable
Bid/Offer Opens OnSep 17, 2018
Bid/Offer Closes OnSep 19, 2018
Finalisation of Basis of AllotmentSep 25, 2018
Initiation of RefundsSep 26, 2018
Credit of Shares to Demat Acct:Sep 26, 2018
IPO Shares Listing Date:Sep 28, 2018

Retail & Employee Discount

A discount of Rs 10 per equity share is offered to applications in retail and employee quota.

IRCON International IPO Prospectus

IRCON International IPO Rating

Rating:Rated 4.0 stars

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IRCON International IPO Reviews / Ratings

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Company Contact Information

IRCON International Limited
Plot no. C - 4
District Centre, Saket
New Delhi -110017, India
Phone: +91 11 2956 5666
Fax: +91 11 2652 2000

IRCON International IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968

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IRCON International IPO Review / Comments

336. Ramesh jain  Sep 24, 2018 12:24 I Like It. | Report Abuse Reply
I guess a lot of people here bluf. can someone tell me genuinely, if there is any GMP OR EXPECTED listing gain for the stock?
Check my other message...
336.2. DownriteVJ  Sep 24, 2018 13:34 I Like It. | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
@Ramesh -- NOPE
335. ROCKY  Sep 24, 2018 13:12 I Like It. | Report Abuse Reply
When is the allotment and when funds would be released in ASBA in ICICICI dIrect
Anticipate listing @ 532 if positive markets, else around 480-500...
333. Dhan Ki Baat  Sep 22, 2018 12:39 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Any updates on Final Call payable for Tata Steel Partly Paid Shares.
When will Partly Paid Shares get converted to Fully Paid?
333.4. Dhan Ki Baat  Sep 23, 2018 17:29 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Before falling 15% TATA Steel GDR was up 15% a day before so net on net its unchanged.

LIC will not sell in open market it will look for some blocks, this will not effect market price.

It will be just another day for Tata Steel on Monday subject to Market Conditions
333.5. DownriteVJ  Sep 24, 2018 12:11 I Like It. | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
But what about the conversion of party paid to full paid? Any news?
332. JayeshT  Sep 24, 2018 09:13 I Like It. | Report Abuse Reply
where to check latest GMP for IPO
331. Priyansh  Sep 23, 2018 16:42 I Like It. 6 | Report Abuse Reply
Listing at 500-520
331.1. spars  Sep 24, 2018 09:05 I Like It. 1 | Report Abuse
Hope so....
330. Vadher meera  Sep 24, 2018 08:50 I Like It. | Report Abuse Reply
Latest gmp please of ircon
330.1. spars  Sep 24, 2018 09:04 I Like It. | Report Abuse
IRCON gmp ₹6 to 8

Expect nominal listing gain ...
329. Circuitmamu  Sep 21, 2018 19:36 I Like It. 5 | Report Abuse Reply
some previous ipo (psu+nbfc)that people recommand long term but I recommand exit at 9:45 listing day

now i ircon list around 450-455 so exit at 9:45 don't believe in some mentor who spread fake long term news.

you people can check the results that shared at ipo time and now check this year+quarterly results you can easily findout the difference why those stocks steal our valued money because you people believe in fraud mentors

CREDITACC Price (422 -332.70) - 89.30 Loss per share
INDOSTAR Price (572 -396.55) - 175.45 Loss per share
HAL Price (1215 -905.75) - 309.25 Loss per share
BDL Price (428 -319.60) - 108.40 Loss per share
329.3. courser  Sep 23, 2018 13:11 I Like It. 1 | Report Abuse
isme abhi HDFC amc bhi jod do,

sala itna costly IPO tha, fir bhi pakadke bethe rahe... aur gain ke chakkar mai?

abhi jab Valuation & P/E dekhte hai to pata chalta hai ke bhalehi company long term rakhne layak ho par valuation bhi kuch dekhna chahiye...
329.4. Singhv  Sep 23, 2018 14:28 I Like It. 6 | Report Abuse
Circuitmamu has a negative approach always.
328. NRI Investor  Sep 23, 2018 12:32 I Like It. | Report Abuse Reply

327. Jack Shaw  Sep 23, 2018 00:37 I Like It. | Report Abuse Reply
Bhailog, ircon ka listing price kya hoga?
326. ram kapoor  Sep 22, 2018 20:54 I Like It. 10 | Report Abuse Reply
Ircon will give you best listing gain for sure like rites. GMP- 40-45. to those who gets the allotment hold not to sell.
326.2. SJ  Sep 22, 2018 22:35 I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 1200+ Likes)
@CHD.Same as scheduled.On Wed.Revised system will take time.From 2019.
Lagta hai isko bhi election ka mudda banayenge!
Good Luck for allotment.
326.3. CHD  Sep 22, 2018 23:00 I Like It. 2 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 300+ Likes)
Allotment is rather doubtful with such over - subscription ...
325. Kashish Sarvaiya  Sep 22, 2018 18:23 I Like It. 2 | Report Abuse Reply
ab tera kya hoga IRCON?
applied 3 x application and now being worried due to secondary market.
324. Vadher meera  Sep 22, 2018 12:40 I Like It. | Report Abuse Reply
What's the current gmp of ircon??
324.1. Circuitmamu  Sep 22, 2018 15:08 I Like It. | Report Abuse
3-4 rs no kostak no s2
323. Circuitmamu  Sep 22, 2018 14:37 I Like It. 9 | Report Abuse Reply
कल जो कुछ भी हुआ मार्किट में वह आने वाले चुनाव के पैसे की जरूरतों के मद्देनजर किया गया , यह खुलेआम छोटे ट्रेडर का पैसा लूटा गया.

स्टॉक को निचे लेकर बड़े लोगो की एंट्री कराइ गई ,और तुरत हाई कर उन एग्जिट कराया गया ,यह नार्मल बात नहीं है , सब बड़े लोगो की मिली भगत के साथ मिलकर किया गया.

समझना है समझो , नहीं समझना है , नुकसान कहते रहो.

मार्किट में बड़े बड़े डाकू है आप का पाला उन सबसे है ,हर स्टॉक इस तरह नहीं गिरता , गिराने का बस बहाना चाहिए.

जब बड़े डाकू आक्रमण करते है सारा कुछ लूट लेते है ,अफ़सोस अभी भी कोई नहीं समझेगा.
323.1. Circuitmamu  Sep 22, 2018 14:45 I Like It. 4 | Report Abuse
ऐसे ही यहाँ पर भी बहोत सरे ऐसे डाकू हे यो बड़े फण्ड मैनेजर के कहने पर हर एक फोरम में जूठा दिखावा बनाते हे. और होता क्या हे लॉन्ग टर्म का बांसुरी हर एक पीछे घुसके चले जाते हे.

वो सारे डाकू और कोई नहीं यही इसी फोरम के जरिये आप लोगो को बहकाते हे.

आप लोगो को पता चल जायेंगे वो लोगो को इस फोरम वाले ने कुछ अलग रहा हे जिसे मासूम लोग उस की बातो में आ जाये

किसी भी तरह से फसना मत. शेयर बाजार में टिकना हे तो हर तरफ से खतरे को भापना पड़ता हे खबर की जाँच पड़ताल खुद करनी पड़ती हे की वो कितनी सही हे.
322. harit  Sep 21, 2018 16:20 I Like It. 2 | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 1100+ Likes)
*Why are NBFCs selling off?*:
Forwarded massage
(1) There is news that DHFL bond has sold for a high implied yield to maturity of ~11%.
(2) This has made stock investors of DHFL worried about DHFL's liqudity and sold off the stock.
(3) Other HFCs have sold off in sympathy with DHFL. Other non-HFC NBFCs have joined in the sell off.
(4) DHFL management has confirmed on air that they have not faulted and there is no liquidity crisis at DHFL.
(5) It is possible that the entity which sold DHFL paper did so because it was not satisfied with this exposure and wanted to sell anything of slightly questionable creditworthiness. *This is an example of risk aversion after the unfolding of the IL&FS saga even though entities being sold off have no direct exposure to IL&FS.*
(6) DHFL and IBHF have both confirmed on air they do not have any exposure to IL&FS.
Stay away from NBFC,& bank
322.1. Java  Sep 22, 2018 12:25 I Like It. 1 | Report Abuse
Is it worth buying DHFL now at price around 350?
322.2. harit  Sep 22, 2018 12:27 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 1100+ Likes)
Wait for some time
321. SHREYANSH SANGHAVI  Sep 22, 2018 11:29 I Like It. | Report Abuse Reply
Can we cancel bid from HDFC Bank Online IPO
320. Anchal  Sep 21, 2018 16:24 I Like It. 1 | Report Abuse Reply
Hello Team,
I had applied for TCS buy back and my shares get debited from my demat account.But still i did not received that amount in my bank or funds in that demat account.
Any one have idea when did it get credited?
320.1. NAND KISHORE PARWAL  Sep 22, 2018 06:34 I Like It. | Report Abuse
Wait till 3rd October
319. MOHIT JAIN  Sep 21, 2018 19:29 I Like It. 6 | Report Abuse Reply
There is nothing called investment in share market now a days. one bad news wipe out whole profit in a single days.fresh example dhfl..Every plan chart 50,100,200 days moving average , any fundamental technical fails nothing works its only luck and some what patience pays.
319.1. Planet M  Sep 21, 2018 21:15 I Like It. 11 | Report Abuse
Dear Mohit brother.... Did you said, "luck"...

Believe it or not but only knowledge counts in stock market. This is not lottery.
People having knowlegde are away from NBFC companies since almost 1 year after being overvalued.
Remember hype in AU bank and Mas financial IPO. So patience do count. Both for buying and selling. It takes years for a stock to get fair value and years to get overvalued. Retail investor are greedy and they buy when knowledgeable person sells it. Hope you understand what I mean.
319.2. Huzefa  Sep 22, 2018 06:26 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Yes, you are cent percent correct Planet M. Those investing without knowledge lose to those who are equipped with knowledge. But even those investing with knowledge are also fooled some time, for example Satyam, Vakrangee etc But these investors are smart enough to book their losses and recover from other stocks.
318. amit ghosh  Sep 21, 2018 22:31 I Like It. | Report Abuse Reply
@ Harit
Any view regarding DHFL NCD ??
317. Circuitmamu  Sep 20, 2018 13:00 I Like It. 7 | Report Abuse Reply
Seller Circuit in GMP now traded @ Discount so 1000% chance of this open at discount price and if market is posistive on 28-09-2018 then it may try to give one chance to RII to exit at cost to cost Eg. CREDIT ACCESS.

Expected Listing => 450-455 (It is pure game by QIB & HNI)

Current GMP => - 20 (Discount)
Kostak => No Trade seen
S2 => No Trade seen
317.9. AjayKMali  Sep 21, 2018 11:38 I Like It. 2 | Report Abuse
Thanks circuitmamu , you have already existed. Thumps up to you. We will stay invested and we will see who is foolish on 31st, 3 days of listing. I believe you just lost 2000000. Share will hit 575-580 in 3 days of listing.
317.10. Circuitmamu  Sep 21, 2018 19:27 I Like It. | Report Abuse
Chalo aur kisko abhi bhi NBFC stocks rakhna he aa jao sab ke piche ek ek lot dal deta hoon.

Abhi bolo long term long term aaj dekhlo INDOSTAR AUR CREDITACCESS KO
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