IRCON International Limited IPO Message Board (Page 30)

Ahmadabad Subject to 900-1000 !!

Premium 35-40

which are other good IPO in pipeline ??

Kotak 400 rs. No gmp

Where this kostak sir

hi all 1 this seems to be a good issue.

those senior among us please guide on as under

1. expexted subscription overall and retail

2. expected lisitng price

3. should one hold on allotment or book profits

Nine months ended Eps is Rs18.98 translates into full year it comes around Rs.23.
PE Ratio is 21
Nav is very good 31.12.2017 is 392
Very tough allotment. Issue size is very small.

Issue Size - Rs 466.70 crores with 109,726 RII lots.

IRCON IPO - Schedule (Pg #780 of RHP)

07th Sept - Price Band to be Announced
14th Sept - Anchor List
17th Sept - Offer Opens
19th Sept - Offer Closes
25th Sept - Finalisation of Basis of Allotment
26th Sept - Unblocking of ASBA
26th Sept - Credit to Demat Accounts
28th Sept - Listing on NSE & BSE

IRCON IPO - Financial Information (Basis of Valuation)

EPS for FY14-15 >>> Rs.284.42 (Page #114 of DRHP)
EPS for FY15-16 >>> Rs.39.72 (Page #118 of RHP)
EPS for FY16-17 >>> Rs.38.79 (Page #118 of RHP)
EPS for 9M17-18 >>> Rs.18.98 (Page #114 of DRHP)
EPS for FY17-18 >>> Rs.42.13 (Page #118 of RHP)

RoNW for FY14-15 >>> 16.33% (Page #115 of DRHP)
RoNW for FY15-16 >>> 10.79% (Page #119 of RHP)
RoNW for FY16-17 >>> 10.07% (Page #119 of RHP)
RoNW for 9M17-18 >>> 05.09% (Page #116 of DRHP)
RoNW for FY17-18 >>> 10.98% (Page #119 of RHP)

NAV as on March 31, 2017 was Rs.385.08 (Page #116 of DRHP)
NAV as on December 31, 2017 was Rs.392.09 (Page #116 of DRHP)
NAV as on March 31, 2018 was Rs.398.51 (Page #120 of RHP)

Listed Industry Peer Group (Page #120 of RHP): NONE

Admin,
Please correct the point 3 under competitive strengths of the company.
The order book figure doesn't look correct.

*IRCON International Limited IPO*

◆ Open Date: *Sep 17, 2018*

◆ Close Date: *Sep 19, 2018*

◆ Allotment Date: *Sep 26, 2018*

◆ Listing Date: *Sep 28, 2018*

◆ Face Value: Rs 10 Per Equity Share 

◆ Issue Price: *Rs 470/- to Rs 475/-* Per Equity Share *(Rs 10/- discount for RII and Employees)*

◆ Issue Size: Offer for Sale of 99,05,157 Equity Shares of Rs 10/- each at price of Rs 470/- to Rs 475/- aggregating up to Rs 470.49 Cr

◆ Market Lot (Min Amount): *30 Shares (Rs 14,250/-)*
 
◆ Listing At (Group): NSE, BSE (B - Group)

◆ Registrar: Karvy Computershare Private Limited

◆ Lead Manager: IDBI Capital Markets & Securities Limited, Axis Capital Limited, SBI Capital Markets Limited

◆ EPS: *Rs 42.13/-*

◆ P/E Ratio: *11.27*

◆ RoNW: *10.98%*

◆ Net Asset Value (NAV) - As on 31.12.17: *Rs 398.51*

◆ Promoters: *The President of India acting through Ministry of Railways*

if it is priced 11 pe then its a screaming buy . Guys what i have understand from my 15 yrs of market experience is that psu stock always have some kind of underline value and you will going to maxmise your return when you enter at right point of business cycle.for example cmc now part of tcs was available at ipo time 20to 30rs and in a span of 15mth it reach level of 1300 . Rames damani veteran investor have made its only by investing in psu .

@Dear Mr. Varshney. ...Sir I don't have that much of knowledge but would like to know your method of calculation by which you are referring it high valuation....whereas others IPO mentors are saying that it is attractively priced at PE 11.50.....please share your experience....

will it be next RITES or not let wait and watch

Issue price seems to high. Profit is decresing year to year