IRCON International IPO


IRCON International IPOBusiness description – IRCON International is an integrated Indian engineering and construction company, specializing in major infrastructure projects, including railways, highways, bridges, flyovers, tunnels, aircraft maintenance hangers, runways, EHV sub-stations, electrical and mechanical works, development of industrial areas and other infrastructure activities. The company provides EPC services on a fixed-sum turnkey basis as well as on an item-rate basis. It also executes on build, operate and transfer mode in various projects in order to meet the requirements of its bids. In 2016, the company was ranked number 248 in the list of top 250 international contractors by Engineering News Record (ENR) of the United States.

The company is headquartered in Saket, New Delhi and has 26 project offices and five regional offices across India to support and manage its business operations. In addition, it has five overseas project offices in Sri Lanka, Bangladesh, Malaysia, South Africa and Algeria to provide onsite support overseas. As of 31 December 2017, it had an order book of INR223,871.7 million.

Promoters of IRCON International – The President of India
IRCON International IPO details
Subscription Dates 17 – 19 September 2018
Price Band INR470 – 475 per share (retail discount – INR10 per share)
Fresh issue Nil
Offer For Sale 9,905,157 shares (INR465.54 – 470.49 crore)
Total IPO size 9,905,157 shares (INR465.54 – 470.49 crore)
Minimum bid (lot size) 30 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE, BSE
IRCON International’s financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017 FY2018
Total revenues 4,543.2 4,150.8 3,232.5 2,908.6 3,301.3 4,212.4
Total expenses 3,453.2 3,053.4 2,390.1 2,302.5 2,824.9 3,659.2
Profit after tax 804.9 747.0 570.1 362.4 397.7 413.0
Net margin (%) 17.7 18.0 17.6 12.5 12.1 9.8
More about IRCON IPO
Valuation of IRCON International (FY2018)

Earnings Per Share (EPS): INR42.13

Price/Earnings (P/E) ratio: 11.15 – 11.27

Return on Net Worth (RONW): 10.98%

Net Asset Value (NAV): INR398.51 per share

IRCON International Contact Details

IRCON International Limited 
Plot no. C – 4
District Centre, Saket
New Delhi – 110017

Phone: +91 11 2956 5666
Fax: +91 11 2652 2000
Email: [email protected]
Website: www.ircon.org

Registrar of IRCON International IPO

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
Fax: +91 40 2343 1551 
Email: [email protected]
Website: www.karvycomputershare.com

IRCON International IPO Subscription Details
Category Shares offered Subscription (no. of times, at 6pm) 
Day 1 Day 2 Day 3
QIB 4,702,578 0.00 0.01 15.29
NII 1,410,774 0.04 0.19 4.92
Retail 3,291,805 0.86 2.96 9.48
Employee 500,000 0.02 0.11 0.36
Total 9,905,157 0.29 1.02 9.70
IRCON International IPO Allotment Status

IRCON International IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status.

Listing Performance of IRCON International

IPO Opening Date: 17 September 2018

IPO Closing Date: 19 September 2018

Finalisation of Basis of Allotment: 25 September 2018

Initiation of refunds: 26 September 2018

Transfer of shares to demat accounts: 26 September 2018

Listing Date: 28 September 2018

Listing Price on NSE: INR412 per share (down 13.26% from IPO price)

Closing Price on NSE: INR415.3 per share (down 12.57% from IPO price)

10 COMMENTS

  6. IRCON International GMP as on 19th Sept 2018

    Premium range – 35 to 40 per share (Reduced from 85-90)
    Kostak rate – 250/- per application (valid before listing)
    SS(Subject to Sauda) value – 1500/- per allotment (irrespective of number of lots allotted)

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