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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 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.

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

Issue OpenSep 17, 2018 - Sep 19, 2018
Issue TypeBook Built Issue IPO
Issue Size9,905,157 Eq Shares of Rs 10
(aggregating up to Rs 470.49 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 470 - Rs 475 Per Equity Share
Market Lot30 Shares
Min Order Quantity30 Shares
Listing AtBSE, NSE

IRCON International IPO Tentative Date / Timetable

Bid/Offer Opens OnSep 17, 2018
Bid/Offer Closes OnSep 19, 2018
Finalisation of Basis of AllotmentSep 25, 2018
Initiation of RefundsSep 26, 2018
Credit of Shares to Demat Acct:Sep 26, 2018
IPO Shares Listing Date:Sep 28, 2018

Retail & Employee Discount

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

IRCON International IPO Subscription Status (Bidding Detail)

IRCON International IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Total

Shares Offered

4,702,578

1,410,774

3,291,805

500,000

9,905,157

Sep 19, 2018 18:29

12.29x

4.92x

9.66x

0.36x

9.77x

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
  •   ›  Issue Price: Rs 475 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
Rs 475.00
Rs 410.30
Rs 410.30
Rs 464.40
Rs 416.65
755,765
NSE
Rs 475.00
Rs 412.00
Rs 409.10
Rs 465.00
Rs 415.30
5,675,479

IRCON International IPO Reviews / Ratings

Dilip Davda - Subscribe
ICICI Direct- Subscribe
Mehta Equities- Subscribe
Centrum Wealth Research- Subscribe
SPA Securities- Subscribe
Choice Broking- Subscribe
SMC Research- Subscribe
Rudra Shares & Stock Brokers Ltd - Subscribe

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

Karvy Computershare Private Limited   »  Report
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Email: einward.ris@karvy.com
Website: https://karisma.karvy.com/

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IRCON International IPO Review / Comments

avatar
593. VINOD JAIN NICKY  Nov 14, 2018 20:10 I Like It. 1 | Report Abuse
NOW IT SHOULD MOVE. RESULTS ARE SOMEWHAT GOOD.ALL THE BEST TO INVESTORS.
avatar
592. Carn Mohan  Oct 23, 2018 09:23 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ 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.
avatar
591. Carn Mohan  Oct 9, 2018 21:00 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Going below 300
avatar
590. Amit Pathak  Oct 9, 2018 10:38 I Like It. | Report Abuse
sab log small listing gain bol bol ke paisa fasa diye IRCON me.. please suggest any view on this IPO
avatar
590.5. Anarchist  Oct 9, 2018 17:43 I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 1300+ 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..
avatar
590.6. Network Engineer  Oct 9, 2018 18:43 I Like It. 2 | Report Abuse
So, should I sell my 2 IRCON lot at current price ~ 360. or wait for some gain ?
avatar
589. Heisenberg  Oct 8, 2018 14:03 I Like It. | Report Abuse
Hold or Sell ? Please advise
avatar
589.1. Abhishek Mani  Oct 8, 2018 19:35 I Like It. | Report Abuse
Sell. Should settle below 300
avatar
588. RT  Oct 6, 2018 05:26 I Like It. | Report Abuse
Kya Ircon ki fair value as gayi hai ?
Kya ab ise 400/- ke around kharida ja sakta hai ?
avatar
587. Quantum  Oct 5, 2018 20:17 I Like It. 1 | Report Abuse
I now realised that it is bear who walks faster than bull in opposite direction. What you guys say on it?
avatar
586. tnk  Oct 5, 2018 17:12 I Like It. 2 | Report Abuse
Was there any pressure on rbi to hold rates??
avatar
586.1. Cautious ipo  Oct 5, 2018 17:52 I Like It. 4 | Report Abuse
Jhootliey baba
avatar
585. Carn Mohan  Oct 5, 2018 08:52 I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Listing Kay pahly hi bool diya tha jisko allot nahi hua uski lottery lag gai.
Jai ho Sai baaba ki.
avatar
584. Pokemongo  Oct 4, 2018 11:01 I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
trading below book value of 445
avatar
583. iCapital  Oct 3, 2018 15:28 I Like It. | Report Abuse
IRCON is showing good support around 420...any suggestion about near term targets?
avatar
582. harit  Oct 1, 2018 16:48 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 1400+ Likes)
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
avatar
582.1. harit  Oct 1, 2018 19:34 I Like It. 5 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 1400+ Likes)
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
avatar
582.2. black & white hat  Oct 2, 2018 16:28 I Like It. | Report Abuse
Nice info Harit...
avatar
581. Carn Mohan  Sep 29, 2018 10:04 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Fair value ₹ 240
avatar
581.1. S.JAIN  Oct 1, 2018 22:22 I Like It. 3 | Report Abuse
fair value 520
avatar
581.2. Indy  Oct 2, 2018 04:54 I Like It. 2 | Report Abuse
True value. 500+ VALUE BUYING @ THESE LEVELS
avatar
580. Carn Mohan  Sep 29, 2018 17:37 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
I am looking below 200 this PSU
avatar
580.1. S.JAIN  Oct 1, 2018 22:21 I Like It. 2 | Report Abuse
on wht basis you thinking that it will go less than 200
avatar
579. Carn Mohan  Oct 1, 2018 09:26 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
₹ 335 pay 50 shares buy ka order dal diya
avatar
579.1. iCapital  Oct 1, 2018 15:48 I Like It. | Report Abuse
yes.. I also did.. but nahi mila.. lets wait for tomorrow may we will get
avatar
578. harit  Sep 28, 2018 19:57 I Like It. 6 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 1400+ Likes)
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
avatar
578.7. Tushar Singhal  Oct 1, 2018 12:37 I Like It. | Report Abuse
JetAirways- 300 to 160
avatar
578.8. harit  Oct 1, 2018 13:22 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 1400+ Likes)
Crash landing of all airlines stocks
avatar
577. harit  Sep 28, 2018 16:55 I Like It. 4 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 1400+ Likes)
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)
avatar
@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...
avatar
577.11. v for vendetta  Oct 1, 2018 11:09 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ 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.
avatar
576. DOWNEY  Sep 30, 2018 15:50 I Like It. | Report Abuse
MONDAY KO BANDHAN BANK ME SORT KARE
@HARIT @SJ @ANARCHIST @RAJKUMAR AND OTHER MENTOR AND GURU'S
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576.2. DOWNEY  Sep 30, 2018 21:47 I Like It. | Report Abuse
VAISE MENE QUES..PU6A. HA ADVICE NAHI DI @SJ SIR
avatar
576.3. SJ  Sep 30, 2018 22:49 I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 1600+ 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.
avatar
575. VIE  Sep 28, 2018 09:23 I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
IEP 425 ON NSE DOWN BY 10.53% FROM ISSUE PRICE
avatar
575.1. harit  Sep 28, 2018 09:26 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 1400+ Likes)
Share link
avatar
575.2. Virat singh  Sep 30, 2018 21:46 I Like It. | Report Abuse
Thanks for ur advise
avatar
574. Anarchist  Sep 29, 2018 14:37 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 1300+ 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...
avatar
574.1. Anarchist  Sep 29, 2018 19:34 I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 1300+ Likes)
@. Helios.

Absolutely!!



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