IRCON International Limited is likely to introduce its IPO to get listed on both of the Exchange i.e. Bombay Stock Exchange and National Stock Exchange. All interested clients can fetchall importantinformationas Price Band and Dates of the IPO, Company Profile, Allotment Status, Listing Dates etc. The firm has drafted a Red Herring Prospectus and got approval for the same from the Regulator SEBI (Securities Board of India).

The IPO is scheduled for September 17, 2018 with a price band of Rs. 470- Rs. 475 per equity share. The lot size of applying the IPO is for 30 shares. One can apply via ASBA to avail the benefit of listing this IPO. The maximum application of amount for retail investor stood at Rs. 2 lacs.

Company profile:-

Ircon International was incorporated on April  28, 1976 in Delhi, India. It is mainly anEngineering and Construction based company. The firm deals in different infrastructure projects which consist  railways, highways, bridges, flyovers, tunnels, aircraft maintenance hangars, runways, EHV sub-stations, electrical and mechanical works, commercial and residential properties, development of industrial areas, and other infrastructure activities. The company has set its business in domestic as well as in international market. Construction and infrastructure development is the core business of the firm. As per the Engineering News Record (ENR) of the United States, the company stood at 248 rank in the list of the top 250 international contractors. The firm has 26 project offices in India and abroad (including in Sri Lanka, Bangladesh, South Africa and Algeria) and five regional offices which help to run and manage  its business operations.

Positive Outlook of the Firm:-

  1. Constructions business offers services in various sectors in many countries;
  2. Manage strong operating systems and controls;
  3. Robust financial performance and credit profile;
  4. Visible growth through robust order book and steady execution;
  5. Skilful and experienced employees and management team;

Objects Of The Issue:-

The object of the offer are:

  • To carry out the disinvestment of up to 9,905,157 Equity Shares etc.
  • To get the advantage of listing the Equity Shares on the Stock Exchanges.
  • For corporate purpose.

Summary Of Issue:

Issue Open:- September 17, 2018 – September 19, 2018
Issue Type 100% Book Built Issue IPO
Issue Size (Value) 9,905,157 Equity Shares of Rs 10 aggregating up to Rs 470.49 Cr
Face Value Rs. 10 Per Equity Share
Issue Price Rs. [470-475] Per Equity Share
Market lots 30 Shares
Minimum Order Quantity 30 Shares
Listing At BSE, NSE

(*) indicates to be updated


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IRCON International Limited IPO Subscription Details

Category No.of shares offered/reserved No. of shares bid for No. of times of total meant for the category
Qualified Institutional Buyers (QIBs)  4702578 57808890 12.29
Non Institutional Investors  1410774 6940950 4.92
Retail Individual Investors(RIIs)  3291805 33164370 10.07
Employees  500000 182370 0.36
Total 9905157 98096580 9.9

Updated as on 19 Sep 2018 at 05:00 hrs


 

Important dates for IRCON International Limited Allotment Status

IRCON International IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced. Important Tantatives dates for IRCON International Limited IPO are:

  • The Allotment date for IRCON International Limited IPO issue is expected on September 24, 2018.
  • The amount will get unblocked on September 25, 2018.
  • The Shares are expected to credit in DP accounts on September 25, 2018.
  • The Shares of  IRCON International Limited is likely to get listed on September 26, 2018. on both BSE and NSE.

 


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Check IRCON International Limited IPO Allotment Status

IRCON International Limited IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.

One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

  1. To Check IRCON International Limited IPO Allotment Status
  2. Go to Application Status
  3. Select IPO as IRCON International Limited
  4. Enter your PAN Number or Application Id or DP Client Id.

 

It takes little time to fetch information so you need to be little patient.

 

Download “IRCON International Limited” IPO Application Form

From BSE: click here

From NSE: click here

 


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Promoters Of the Company:-

The President of India acting through the Ministry of Railway

Financials:- (Restated Consolidated)

Particulars For the year/Period ended (Rs. in Million)
Financial Year 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15
Total Equity & Liabilities 127,782,22 92,314.06 81,394.06 65,210.01
Total Revenue 42,124.02 33,013.48 29,086.37 32,325.05
Total Expenses 36,592.07 28,251.21 23,025.27 23,900.63
Profit After Tax (PAT) 4,115.80 3,839.78 3,931.08 5,630.31

 

Book Running Lead Managers Details:-

1) IDBI Capital Markets & Securities Limited
3rd Floor, Mafatlal Centre, Nariman Point
Mumbai 400 021, Maharashtra, India
Telephone: +91 22 4322 1212
Fax: +91 22 2285 0785
Email:ircon.ipo@idbicapital.com
Investor grievance E-mail: redressal@idbicapital.com
Website: www.idbicapital.com
Contact Person: Astha Daga
SEBI Registration No.: INM000010866

2) Axis Capital Limited 1st Floor,
Axis House, C-2, Wadia International Centre,
Pandurang Budhkar Marg, Worli.
Mumbai 400 025 Maharashtra, India
Telephone: + 91 22 4325 2183
Fax : +91 22 4325 3000
E-mail: ircon.ipo@axiscap.in
Website: www.axiscapital.co.in
Investor Grievance E-mail:complaints@axiscap.in
Contact Person:Kanika Sarawgi/Akash Aggarwal
SEBI Registration Number:INM000012029

3)SBI Capital Markets Limited 202,
Maker Tower “E” Cuffe Parade,
Mumbai 400 005, Maharashtra, India
Telephone: +91 22 2217 8300
Fax: +91 22 2218 8332
E-mail:ircon.ipo@sbicaps.com
Investor grievance E-mail: investor.relations@sbicaps.com
Website: www.sbicaps.com
Contact Person: Gitesh Vargantwar / Karan Savardekar
SEBI Registration No.: INM000003531

Registrar to the offer:-

Karvy Computershare Private Limited
Karvy Selenium Tower B
Plot 31-32, Gachibowli Financial District,
Nanakramguda Hyderabad 500 032,
Telangana, India
Telephone: +91 40 6716 2222
Facsimile: +91 40 2343 1551
Email: einward.ris@karvy.com
Investor Grievance e-mail: einward.ris@karvy.com
Website: www.karisma.karvy.com
Contact Person: M. Muralikrishna
SEBI Registration No.: INR000000221

Registered Office Details:-

Plot no. C – 4, District Centre, Saket,
New Delhi -110017, India
Contact Person: Ritu Arora, Company Secretary and Compliance Officer;
Telephone: +91 11 2956 5666;
Fax: +91 11 2652 2000/2685 4000
E-mail:cosecy@ircon.org;
Website: www.ircon.org
Corporate Identity Number: U45203DL1976GOI008171

For More Details Contact us 011-42445800 / 9650901058

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