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 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

IRCON International IPO Tentative Date / Timetable

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

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

› Draft Prospectus
› Red Herring Prospectus

IRCON International IPO Rating

995

4.0

Rating:

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

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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/

IRCON International IPO Lead Manager(s)

Axis Capital Limited » Report
IDBI Capital Market Services Limited » Report
SBI Capital Markets Limited » Report

Lead Manager Reports

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Useful Articles

IRCON International IPO Review / Comments

593. VINOD JAIN NICKY Nov 14, 2018 20:10

1 |

NOW IT SHOULD MOVE. RESULTS ARE SOMEWHAT GOOD.ALL THE BEST TO INVESTORS.

592. Carn Mohan Oct 23, 2018 09:23

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.

591. Carn Mohan Oct 9, 2018 21:00

IPO Mentor (600+ Posts, 200+ Likes)

Going below 300

590. Amit Pathak Oct 9, 2018 10:38

sab log small listing gain bol bol ke paisa fasa diye IRCON me.. please suggest any view on this IPO

Load more comments (4 replies)

590.5. Anarchist Oct 9, 2018 17:43

2 |

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..

590.6. Network Engineer Oct 9, 2018 18:43

2 |

So, should I sell my 2 IRCON lot at current price ~ 360. or wait for some gain ?

589. Heisenberg Oct 8, 2018 14:03

Hold or Sell ? Please advise

589.1. Abhishek Mani Oct 8, 2018 19:35

Sell. Should settle below 300

588. RT Oct 6, 2018 05:26

Kya Ircon ki fair value as gayi hai ?
Kya ab ise 400/- ke around kharida ja sakta hai ?

587. Quantum Oct 5, 2018 20:17

1 |

I now realised that it is bear who walks faster than bull in opposite direction. What you guys say on it?

586. tnk Oct 5, 2018 17:12

2 |

Was there any pressure on rbi to hold rates??

586.1. Cautious ipo Oct 5, 2018 17:52

4 |

Jhootliey baba

585. Carn Mohan Oct 5, 2018 08:52

2 |

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.

584. Pokemongo Oct 4, 2018 11:01

Top Contributor (300+ Posts, 200+ Likes)

trading below book value of 445

583. iCapital Oct 3, 2018 15:28

IRCON is showing good support around 420...any suggestion about near term targets?

582. harit Oct 1, 2018 16:48

1 |

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

582.1. harit Oct 1, 2018 19:34

5 |

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

582.2. black & white hat Oct 2, 2018 16:28

Nice info Harit...

581. Carn Mohan Sep 29, 2018 10:04

IPO Mentor (600+ Posts, 200+ Likes)

Fair value ₹ 240

581.1. S.JAIN Oct 1, 2018 22:22

3 |

fair value 520

581.2. Indy Oct 2, 2018 04:54

2 |

True value. 500+ VALUE BUYING @ THESE LEVELS

580. Carn Mohan Sep 29, 2018 17:37

IPO Mentor (600+ Posts, 200+ Likes)

I am looking below 200 this PSU

580.1. S.JAIN Oct 1, 2018 22:21

2 |

on wht basis you thinking that it will go less than 200

579. Carn Mohan Oct 1, 2018 09:26

IPO Mentor (600+ Posts, 200+ Likes)

₹ 335 pay 50 shares buy ka order dal diya

579.1. iCapital Oct 1, 2018 15:48

yes.. I also did.. but nahi mila.. lets wait for tomorrow may we will get

578. harit Sep 28, 2018 19:57

6 |

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

Load more comments (6 replies)

578.1. SJ Sep 29, 2018 03:17

1 |

IPO Mentor (700+ Posts, 1600+ 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 Sep 29, 2018 09:37

3 |

IPO Mentor (900+ Posts, 1400+ Likes)

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 Sep 29, 2018 09:47

2 |

IPO Mentor (900+ Posts, 1400+ Likes)

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 Sep 29, 2018 10:38

1 |

IPO Mentor (700+ Posts, 1600+ 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 Sep 30, 2018 00:52

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 Sep 30, 2018 09:56

2 |

IPO Mentor (900+ Posts, 1400+ Likes)

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

578.7. Tushar Singhal Oct 1, 2018 12:37

JetAirways- 300 to 160

578.8. harit Oct 1, 2018 13:22

1 |

IPO Mentor (900+ Posts, 1400+ Likes)

Crash landing of all airlines stocks

577. harit Sep 28, 2018 16:55

4 |

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)

Load more comments (9 replies)

577.1. harit Sep 28, 2018 16:57

2 |

IPO Mentor (900+ Posts, 1400+ Likes)

Forwarded : eagle eye

577.2. SJ Sep 29, 2018 13:13

IPO Mentor (700+ Posts, 1600+ Likes)

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

577.3. harit Sep 29, 2018 13:54

1 |

IPO Mentor (900+ Posts, 1400+ Likes)

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 Sep 29, 2018 14:18

4 |

IPO Mentor (500+ Posts, 1300+ 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 Sep 29, 2018 14:31

1 |

IPO Mentor (700+ Posts, 1600+ Likes)

@ Anarchist. welcome.please do post as usual.

577.6. Anarchist Sep 29, 2018 15:16

1 |

IPO Mentor (500+ Posts, 1300+ Likes)

@. SJ
Thank you buddy...:)

577.7. harit Sep 29, 2018 16:01

2 |

IPO Mentor (900+ Posts, 1400+ Likes)

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 Sep 29, 2018 17:29

IPO Mentor (500+ Posts, 1300+ 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 Sep 29, 2018 18:13

2 |

IPO Mentor (900+ Posts, 1400+ Likes)

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

577.10. 🇮🇳🇮🇳 Helios 🇮🇳🇮🇳 Atheist 🇮🇳🇮🇳 RII Sep 29, 2018 18:25

1 |

@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...

577.11. v for vendetta Oct 1, 2018 11:09

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.

576. DOWNEY Sep 30, 2018 15:50

MONDAY KO BANDHAN BANK ME SORT KARE
@HARIT @SJ @ANARCHIST @RAJKUMAR AND OTHER MENTOR AND GURU'S

Load more comments (1 replies)

576.2. DOWNEY Sep 30, 2018 21:47

VAISE MENE QUES..PU6A. HA ADVICE NAHI DI @SJ SIR

576.3. SJ Sep 30, 2018 22:49

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.

575. VIE Sep 28, 2018 09:23

IPO Mentor (500+ Posts, 500+ Likes)

IEP 425 ON NSE DOWN BY 10.53% FROM ISSUE PRICE

575.1. harit Sep 28, 2018 09:26

1 |

IPO Mentor (900+ Posts, 1400+ Likes)

Share link

575.2. Virat singh Sep 30, 2018 21:46

Thanks for ur advise

574. Anarchist Sep 29, 2018 14:37

1 |

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...

574.1. Anarchist Sep 29, 2018 19:34

IPO Mentor (500+ Posts, 1300+ Likes)

@. Helios.

Absolutely!!

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