IRCON International Limited IPO (IRCON International IPO) Detail

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:

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.

Retail & Employee Discount

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

IRCON International IPO Recommendation by Members

IRCON International IPO Recommendations Details | Post Recommendation | Manage Recommendations

No Record Found.

1178 Comments

592. Carn Mohan |   Link |Oct 23, 2018 9:23:57 AM
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 (800+ Posts, 300+ Likes)

Going below 300

590.1. Anarchist |   Link |Oct 9, 2018 3:59:01 PM
IPO Mentor (500+ Posts, 1400+ Likes)

BDL, HAL,NMDC,NFL,GIC,NIA bahot Desh BHAKT govt IPOs me Sab kucxhh loota chuke hai ....Tum akele thodi na ho......are bhai Desh ke liye loot gaya ghar baar to usme galat kya hai? ....Bolo.. Ghar Loss.....Har Ghar Loss' ....

590.2. Anarchist |   Link |Oct 9, 2018 4:00:26 PM
IPO Mentor (500+ Posts, 1400+ Likes)

" Ghar Ghar Loss ....Har Ghar Loss'"....

590.3. Amit Pathak |   Link |Oct 9, 2018 4:05:19 PM

Kya baat ANAR..MEETHE HAI

590.4. Network Engineer |   Link |Oct 9, 2018 4:51:49 PM

This IPO recall my 10 year old memory, I applied NHPC IPO with and alloted 1 lot rated Rs 38, it opens below 37 (around 5% discounted rate). I did not sell it due to dont want to book small loss. I wait for 2 years expecting some gain but after 2 year I sell a lot on rate 24 Rs. (around 35% net loss + 2 year interest loss)

Again same history repeating. we had chance to exit on day 1 around Rs450 to 460 ( less than 5% loss) but people don't want to book small loss and still waiting (because of many news channel, broker and sources advice to hold) now price down to below 360 (more than 20% loss). Not sure bounce back will come or it will go below 340.

By the way I am also holding 2 lots :) From last 2.5 year I filled almost all good IPO and this is only IPO where I am in loss.

590.5. Anarchist |   Link |Oct 9, 2018 5:43:30 PM
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..

586.1. Cautious ipo |   Link |Oct 5, 2018 5:52:54 PM
IPO Guru (1500+ Posts, 900+ Likes)

Jhootliey baba

585. Carn Mohan |   Link |Oct 5, 2018 8:52:19 AM
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 (400+ Posts, 300+ Likes)

trading below book value of 445

581. Carn Mohan |   Link |Sep 29, 2018 10:04:27 AM
IPO Mentor (800+ Posts, 300+ Likes)

Fair value Rs 240

580. Carn Mohan |   Link |Sep 29, 2018 5:37:18 PM
IPO Mentor (800+ Posts, 300+ Likes)

I am looking below 200 this PSU

579. Carn Mohan |   Link |Oct 1, 2018 9:26:15 AM
IPO Mentor (800+ Posts, 300+ Likes)

Rs 335 pay 50 shares buy ka order dal diya

578.1. SJ |   Link |Sep 29, 2018 3:17:16 AM
IPO Guru (1300+ Posts, 3200+ Likes)

harit thanks dude for not putting any small cap stock.most of them have now turned into microcap at 2 yr low.being thoughtless and speechless if I count the loss made.

No repitition of 2008.Soon market will cool down once economic conditions recover.

578.2. harit |   Link |Sep 29, 2018 9:37:03 AM

It was a forwarded msg.
But if I may put small& midcap in the list
I think not only this group's space but entire Google's space not enough to make it
It's Indian stock market for u

578.3. harit |   Link |Sep 29, 2018 9:47:14 AM

Those who says that he/she not funding political parties or persons
They are wrong
This debacle is artificial
Made by many power ful persons
Including everyone
Top to bottom
I heard rumors that yesterday's infibeam's feasco
A well-known Gujarat politicalgroup or family behind it
And innocent retail investors being victimized
(It rumors, I take no responsibility for this msg.)

578.4. SJ |   Link |Sep 29, 2018 10:38:14 AM
IPO Guru (1300+ Posts, 3200+ Likes)

k.r choksy the man behind infibeam.
what is happening in rajkot now a days is also a political terror.its a matter of understanding.
samajdaro ko isara kafi hai.

578.5. investormahesh |   Link |Sep 30, 2018 12:52:37 AM
Top Contributor (200+ Posts)

to Harit bro, many stocks outside nifty have fallen by more than 50% from their highs of jan this year. In 2008, nifty fell by more than 55% from its high. 55% fall from level of 11760 is not possible.

578.6. harit |   Link |Sep 30, 2018 9:56:13 AM

I hope so
But 1992,2008,2018
Market never gave warning or redline
To stop
World stock market history (not just India)
Not a single retailer came out safely
Retail investors are always on loosing side(if someone have example against it then please share)
So I m not saying that 2008 will repeat. 100%
But they will not give time to save your money

577.1. harit |   Link |Sep 28, 2018 4:57:21 PM

Forwarded : eagle eye

577.2. SJ |   Link |Sep 29, 2018 1:13:09 PM
IPO Guru (1300+ Posts, 3200+ Likes)

Ee and eagle eye means our forum's eagleye ?
if yes , how are you receiving msg.

577.3. harit |   Link |Sep 29, 2018 1:54:40 PM

Yes
It's our old member eagleye
She has her own group (paid calls & also free w.app group often used for news related to the market)
She added me when group was created
Invite link was sent here also
I thank her for fresh and authentic news and views

577.4. Anarchist |   Link |Sep 29, 2018 2:18:43 PM
IPO Mentor (500+ Posts, 1400+ Likes)

After telcos it's the bank's turn to get grinded...RBI can punish all current banks squarely...Because no one can cancel RBI's linense to cancel other"s licences on account of
RBI's own countlesss millions of failures, delays including 2 long, evasive years taken to merely count the currency notes returned during the demonetization...Or for hastily coercing people into providing bio metric authentication to banks, phone cos, Pvt cos etc, the action invalidated by the Supreme court..... Everything though is fair when it comes to Nation building isn't it folks? ...Facebook, Paytm must operate inspite of horrible omissions posing great security threat to the nation's citizens..

People must learn to take this possitively, as all this can perhaps lead to the onset of something really really great, that all Indians MUST be proud of...An all new Jio bank? ...Hahaha...Yes Yes..

577.5. SJ |   Link |Sep 29, 2018 2:31:07 PM
IPO Guru (1300+ Posts, 3200+ Likes)

@ Anarchist. welcome.please do post as usual.

577.6. Anarchist |   Link |Sep 29, 2018 3:16:04 PM
IPO Mentor (500+ Posts, 1400+ Likes)

@. SJ
Thank you buddy...:)

577.7. harit |   Link |Sep 29, 2018 4:01:12 PM

Anarchist sir
I m ur great admirer
Ur wit & setire very hard to understand
Where have u learned such a heavy ENGLISH?
I can't digest ur posts being Gujarati

577.8. Anarchist |   Link |Sep 29, 2018 5:29:14 PM
IPO Mentor (500+ Posts, 1400+ Likes)

@. harit
Oh! That's because I've had a privilege of being in the company of those who can speak and understand only the King's English...Thank you for appreciating...:)

577.9. harit |   Link |Sep 29, 2018 6:13:50 PM

Keep going sir
Some day I can say that I learned KING'S ENGLISH by reading your posts regularly and increase my knowledge

577.11. v for vendetta |   Link |Oct 1, 2018 11:09:07 AM
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.

576.1. SJ |   Link |Sep 30, 2018 8:50:32 PM
IPO Guru (1300+ Posts, 3200+ Likes)

Thanks

576.3. SJ |   Link |Sep 30, 2018 10:49:34 PM
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 (500+ Posts, 500+ Likes)

IEP 425 ON NSE DOWN BY 10.53% FROM ISSUE PRICE

575.2. Virat singh |   Link |Sep 30, 2018 9:46:26 PM
Top Contributor (200+ Posts, 100+ Likes)

Thanks for ur advise

574. Anarchist |   Link |Sep 29, 2018 2:37:59 PM
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 (500+ Posts, 1400+ Likes)

@. Helios.

Absolutely!!

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