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IRCON International IPO is a book built issue of Rs 470.49 crores.
IRCON International IPO bidding started from September 17, 2018 and ended on September 19, 2018. The allotment for IRCON International IPO was finalized on Tuesday, September 25, 2018. The shares got listed on BSE, NSE on September 28, 2018.
IRCON International IPO price band is set at ₹470 to ₹475 per share. The minimum lot size for an application is 30 Shares. The minimum amount of investment required by retail investors is ₹14,250.
Axis Capital Limited, Idbi Capital Market Services Limited and SBI Capital Markets Limited are the book running lead managers of the IRCON International IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to IRCON International IPO RHP for detailed information.
| IPO Date | September 17, 2018 to September 19, 2018 |
| Listing Date | September 28, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹470 to ₹475 per share |
| Lot Size | 30 Shares |
| Total Issue Size | 9,905,157 shares (aggregating up to ₹470.49 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
IRCON International IPO offers 9,905,157 shares. 4,702,578 (47.48%) to QIB, 1,410,774 (14.24%) to NII, 3,291,805 (33.23%) to RII, 500,000 (5.05%) to employees. 109,726 RIIs will receive minimum 30 shares and (sNII) and (bNII) will receive minimum 450 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 4,702,578 (47.48%) | NA |
| NII (HNI) Shares Offered | 1,410,774 (14.24%) | |
| Retail Shares Offered | 3,291,805 (33.23%) | 109,726 |
| Employee Shares Offered | 500,000 (5.05%) | NA |
| Total Shares Offered | 9,905,157 (100%) |
IRCON International IPO opens on September 17, 2018, and closes on September 19, 2018.
| IPO Open Date | Monday, September 17, 2018 |
| IPO Close Date | Wednesday, September 19, 2018 |
| Basis of Allotment | Tuesday, September 25, 2018 |
| Initiation of Refunds | Wednesday, September 26, 2018 |
| Credit of Shares to Demat | Wednesday, September 26, 2018 |
| Listing Date | Friday, September 28, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 19, 2018 |
Investors can bid for a minimum of 30 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹14,250 |
| Retail (Max) | 14 | 420 | ₹199,500 |
| Lot Size Calculator | |||
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
| 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 |
| 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 |
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.
[Dilip Davda] Encouraging financial performance, healthy order book and attractive pricing makes this offer a not to miss bet. Read detail review...
The IRCON International IPO is subscribed 9.77 times on September 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)
| Category | Subscription (times) |
|---|---|
| QIB | 12.29 |
| NII | 4.92 |
| Retail | 9.66 |
| Employee | 0.36 |
| Total | 9.77 |
A discount of Rs 10 per equity share is offered to applications in retail and employee quota.
| Listing Date | September 28, 2018 |
| BSE Script Code | 541956 |
| NSE Symbol | IRCON |
| ISIN | INE962Y01013 |
| Final Issue Price | ₹475 per share |
| Price Details |
|---|
| Final Issue 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 |
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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 September 17, 2018, and closes on September 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 September 17, 2018 and closes on September 19, 2018.
IRCON International IPO lot size is 30 Shares, and the minimum amount required is ₹14,250.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for IRCON International IPO will be done on Tuesday, September 25, 2018, and the allotted shares will be credited to your demat account by Wednesday, September 26, 2018. Check the IRCON International IPO allotment status.
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