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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.
| IPO Date | Sep 17, 2018 to Sep 19, 2018 |
| Listing Date | Friday, September 28, 2018 |
| Face Value | ₹10 per share |
| Price | ₹470 to ₹475 per share |
| Lot Size | 30 Shares |
| Issue Size | 9,905,157 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 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 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Sep 17, 2018 |
| 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 |
| Listing Date | Sep 28, 2018 |
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 |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹14,250 |
| Retail (Max) | 14 | 420 | ₹199,500 |
A discount of Rs 10 per equity share is offered to applications in retail and employee quota.
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 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)
| Category | Subscription (times) |
|---|---|
| QIB | 12.29 |
| NII | 4.92 |
| Retail | 9.66 |
| Employee | 0.36 |
| Total | 9.77 |
| 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 |
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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://karisma.kfintech.com/
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 9 | 0 | 0 |
| Members | 0 | 0 | 0 |
IPO Broker Recommendations
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, Nuvama, 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.
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