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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 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

IRCON International IPO Date Sep 17, 2018 to Sep 19, 2018
IRCON International IPO Face Value ₹10 per share
IRCON International IPO Price ₹470 to ₹475 per share
IRCON International IPO Lot Size 30 Shares
Issue Size9,905,157 shares of ₹10
(aggregating up to ₹470.49 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
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.

IRCON International IPO Timeline (Tentative Timetable)

IRCON International IPO opens on Sep 17, 2018, and closes on Sep 19, 2018. The IRCON International IPO bid date is from Sep 17, 2018 10.00 A.M. to Sep 19, 2018 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
IRCON International IPO Opening Date Sep 17, 2018
IRCON International IPO Closing Date Sep 19, 2018
Basis of Allotment Sep 25, 2018
Initiation of Refunds Sep 26, 2018
Credit of Shares to Demat Sep 26, 2018
IRCON International IPO Listing Date Sep 28, 2018

IRCON International IPO Lot Size

The IRCON International IPO lot size is 30 shares. A retail-individual investor can apply for up to 14 lots (420 shares or ₹199,500).

Application Lots Shares Amount
Minimum 1 30 ₹14,250
Maximum 14 420 ₹199,500

Retail & Employee Discount

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

IRCON International IPO Review

Encouraging financial performance, healthy order book and attractive pricing makes this offer a not to miss bet. Read detail review...

New IRCON International IPO Recommendation by Members

IRCON International IPO Recommendations Details | Post Recommendation | Manage Recommendations

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IRCON International IPO Subscription Status (Bidding Detail)

The IRCON International IPO is subscribed 9.77 times on Sep 19, 2018 6:29:01 PM. The public issue subscribed 9.66 times in the retail category, 12.29 times in the QIB category, and 4.92 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB12.29
NII4.92
Retail9.66
Employee0.36
Total9.77

IRCON International IPO Prospectus

IRCON International IPO Rating

995
4.0
Rating:Rated 4.0 stars
Vote Here ...

IRCON International IPO Listing Date

Listing Date Friday, September 28, 2018
BSE Script Code 541956
NSE Symbol IRCON
Listing In
ISIN INE962Y01013
IPO Price ₹475 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹475.00
₹410.30
₹410.30
₹464.40
₹416.65
NSE
₹475.00
₹412.00
₹409.10
₹465.00
₹415.30

Company Contact Information

IRCON International Limited
Plot no. C - 4
District Centre, Saket
New Delhi -110017, India
Phone: +91 11 2956 5666
Email: cosecy@ircon.org
Website: http://www.ircon.org/

IRCON International IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/

IRCON International IPO Reviews / Ratings

IRCON International IPO FAQs

IRCON International IPO is a main-board IPO of 9,905,157 equity shares of the face value of ₹10 aggregating up to ₹470.49 Crores. The issue is priced at ₹470 to ₹475 per share. The minimum order quantity is 30 Shares.

The IPO opens on Sep 17, 2018, and closes on Sep 19, 2018.

KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The IRCON International IPO opens on Sep 17, 2018 and closes on Sep 19, 2018.

IRCON International IPO lot size is 30 Shares and the minimum order quantity is .

You can apply in IRCON International IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for IRCON International IPO will be done on Sep 25, 2018, and the allotted shares will be credited to your demat account by Sep 26, 2018. Check the IRCON International IPO allotment status.

The IRCON International IPO listing date is on Friday, September 28, 2018.
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IRCON International IPO Message Board

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1178 Comments

593. VINOD JAIN NICKY |   Link |Nov 14, 2018 8:10:22 PM
NOW IT SHOULD MOVE. RESULTS ARE SOMEWHAT GOOD.ALL THE BEST TO INVESTORS.
592. Carn Mohan |   Link |Oct 23, 2018 9:23:57 AM
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Small listing gain walo Ko Nani yad a gai ab koi dikhy ga nahi listing Kay pahlay sub Dallal banay public Ko ullo Bana rahay thy.
591. Carn Mohan |   Link |Oct 9, 2018 9:00:46 PM
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Going below 300
590. Amit Pathak |   Link |Oct 9, 2018 10:38:49 AM
sab log small listing gain bol bol ke paisa fasa diye IRCON me.. please suggest any view on this IPO
590.5. Anarchist |   Link |Oct 9, 2018 5:43:30 PM
IPO Mentor IPO Mentor (500+ Posts, 1400+ Likes)
@. Network Engineer

I understand brother..But one must learn now from such situations ..... Investors must understand that INFY, Wipro, Hero type stories happen only once in a blue moon and common people with average luck should not hold risky assets over a long term...Also SIPs are weapons of mass destruction...So book profits the moment it's apparent..
590.6. Network Engineer |   Link |Oct 9, 2018 6:43:36 PM
So, should I sell my 2 IRCON lot at current price ~ 360. or wait for some gain ?
589. Heisenberg |   Link |Oct 8, 2018 2:03:42 PM
Hold or Sell ? Please advise
589.1. Abhishek Mani |   Link |Oct 8, 2018 7:35:44 PM
Sell. Should settle below 300
588. RT |   Link |Oct 6, 2018 5:26:18 AM
Kya Ircon ki fair value as gayi hai ?
Kya ab ise 400/- ke around kharida ja sakta hai ?
587. Quantum |   Link |Oct 5, 2018 8:17:46 PM
I now realised that it is bear who walks faster than bull in opposite direction. What you guys say on it?
586. tnk |   Link |Oct 5, 2018 5:12:07 PM
Was there any pressure on rbi to hold rates??
586.1. Cautious ipo |   Link |Oct 5, 2018 5:52:54 PM
IPO Guru IPO Guru (1500+ Posts, 900+ Likes)
Jhootliey baba
585. Carn Mohan |   Link |Oct 5, 2018 8:52:19 AM
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Listing Kay pahly hi bool diya tha jisko allot nahi hua uski lottery lag gai.
Jai ho Sai baaba ki.
584. Pokemongo |   Link |Oct 4, 2018 11:01:16 AM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
trading below book value of 445
583. iCapital |   Link |Oct 3, 2018 3:28:46 PM
IRCON is showing good support around 420...any suggestion about near term targets?
582. harit |   Link |Oct 1, 2018 4:48:46 PM
IL&FS board reconstituted
First board meeting 8/10
Udai kotak& many best economists are there in new body
Center will bail out co. Anyway
Good News for NBFCs, mutual funds,PSU Banks,pvt.banks all will be benefits
582.1. harit |   Link |Oct 1, 2018 7:34:57 PM
Grenade Info.

Nobody can escape Bear attack.

*Rakesh Jhunjhunwala* suffers 1300 crore loss in September 2018.
Two of his top holdings
DHFL -55%
FEDERAL BANK -42%

Top Portfolio manager *Porinju veliyath* losses 876 crores in September 2018.

Top Investor *Dolly khanna's* portfolio is wiped out by massive 73% in one month September 2018.

Even Warren Buffet lost(booked loss) colossal £3 billion in 8 months in past market fall.
Forwarded by eagleye
582.2. black & white hat |   Link |Oct 2, 2018 4:28:18 PM
Nice info Harit...
581. Carn Mohan |   Link |Sep 29, 2018 10:04:27 AM
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Fair value Rs 240
581.1. S.JAIN |   Link |Oct 1, 2018 10:22:52 PM
fair value 520
581.2. Indy |   Link |Oct 2, 2018 4:54:28 AM
True value. 500+ VALUE BUYING @ THESE LEVELS
580. Carn Mohan |   Link |Sep 29, 2018 5:37:18 PM
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
I am looking below 200 this PSU
580.1. S.JAIN |   Link |Oct 1, 2018 10:21:29 PM
on wht basis you thinking that it will go less than 200
579. Carn Mohan |   Link |Oct 1, 2018 9:26:15 AM
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Rs 335 pay 50 shares buy ka order dal diya
579.1. iCapital |   Link |Oct 1, 2018 3:48:04 PM
yes.. I also did.. but nahi mila.. lets wait for tomorrow may we will get
578. harit |   Link |Sep 28, 2018 7:57:15 PM
In September,
Bajaj Finance 2980 to 2130
Yes Bank 330 to 180,
Infibeam 220 to 55
Kpit 300 to 209
Dhfl 600 to 260
Ibulhsgfin 1300 to 870
Bank of Baroda 133 to 103
Still we have more in a list
Wished repeat of 2017 instead looks 2008 will repeat
578.7. Tushar Singhal |   Link |Oct 1, 2018 12:37:09 PM
JetAirways- 300 to 160
578.8. harit |   Link |Oct 1, 2018 1:22:28 PM
Crash landing of all airlines stocks
577. harit |   Link |Sep 28, 2018 4:55:07 PM
BANDHAN BANK -

Failure to comply with the licensing condition to bring down the shareholding of NOFHC in the Bank to 40%, permission to open new branches stands withdrawn.

Need prior RBI approval to open branches.

*Also, remuneration of MD & CEO stands frozen at existing level.*
Those who still holding bandhan bank should rethink
It will down on Monday (imo)
@anarchist, nice seeing you back...
However, I'm one of those poor RBI families...
I love being a satirer as well as a weirdo, if you have any direct questions, let me know...
577.11. v for vendetta |   Link |Oct 1, 2018 11:09:07 AM
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
Anarchist, welcome back!!
Helios, I know you had Bandhan bank and you have been very positive on it.
Can you please let me know your view on it, I had 1 lot from IPO and now seems I am trapped.
576. DOWNEY |   Link |Sep 30, 2018 3:50:40 PM
MONDAY KO BANDHAN BANK ME SORT KARE
@HARIT @SJ @ANARCHIST @RAJKUMAR AND OTHER MENTOR AND GURU'S
576.2. DOWNEY |   Link |Sep 30, 2018 9:47:14 PM
VAISE MENE QUES..PU6A. HA ADVICE NAHI DI @SJ SIR
576.3. SJ |   Link |Sep 30, 2018 10:49:34 PM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)
I'll check the arbitrage opportunity between nse and bse.However there is no question mark in your post so I thought you are giving advice.If there is no arbitrage opportunity , I'll check the gap down opening in pre open session.circuit limit is 20%.It's not like yes bank 30-35% down in one day.
575. VIE |   Link |Sep 28, 2018 9:23:52 AM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
IEP 425 ON NSE DOWN BY 10.53% FROM ISSUE PRICE
575.1. harit |   Link |Sep 28, 2018 9:26:27 AM
Share link
575.2. Virat singh |   Link |Sep 30, 2018 9:46:26 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Thanks for ur advise
574. Anarchist |   Link |Sep 29, 2018 2:37:59 PM
IPO Mentor IPO Mentor (500+ Posts, 1400+ Likes)
Tax payers money is being used for all constructive purposes...Take for instance the scheme providing health insurance (to the tune of a whopping 5 lac/huge family/annum) to most voters including the beggars and housemaids who are typically illlegal Bangladeshi migrants...But India here is setting a great example by helping even them with the HoNeSt tax payers money, proving the innate empathy and compassion the nation has towards even those who never pay no taxes or contributed to nation building.

Countries like Australia who detain all illegal migrants in remote deserted areas refusing to offer such intruders even the basic facilities must learn from the Indians...Learn to have a heart so big and the values so freaking deep...
574.1. Anarchist |   Link |Sep 29, 2018 7:34:57 PM
IPO Mentor IPO Mentor (500+ Posts, 1400+ Likes)
@. Helios.

Absolutely!!