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
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.
|Particulars||For the year/period ended (in Rs. Million)|
|Profit After Tax||4,115.80||3,839.78||3,931.08||5,630.31||7,469.80||8,048.95|
|Particulars||For the year/period ended (in Rs. Millions)|
|Profit After Tax||3,908.60||3,688.51||3,693.04||5,591.28||7,403.85||8,131.88|
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.
|Issue Open||Sep 17, 2018 - Sep 19, 2018|
|Issue Type||Book Built Issue IPO|
|Issue Size||9,905,157 Eq Shares of Rs 10 |
(aggregating up to Rs 470.49 Cr)
|Face Value||Rs 10 Per Equity Share|
|Issue Price||Rs 470 - Rs 475 Per Equity Share|
|Market Lot||30 Shares|
|Min Order Quantity||30 Shares|
|Listing At||BSE, NSE|
|Bid/Offer Opens On||Sep 17, 2018|
|Bid/Offer Closes On||Sep 19, 2018|
|Finalisation of Basis of Allotment||Sep 25, 2018|
|Initiation of Refunds||Sep 26, 2018|
|Credit of Shares to Demat Acct:||Sep 26, 2018|
|IPO Shares Listing Date:||Sep 28, 2018|
A discount of Rs 10 per equity share is offered to applications in retail and employee quota.
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