Ircon Ipo :GMP, Issue Size, Issue Price and Important dates

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Ircon Ipo is a government company engaged in the business of engineering and construction. and is all set to make a debut in the stock market with an issue size of 470.49 Cr.   

Ircon Ipo – Overview    

 Issue Date           17-19 Sept 2018 
Ircon Ipo Opening Date           17 Sept 2018 
Ircon Ipo Face Value           INR 10 per share           
Ircon Ipo Price           INR 475 per share          
Ircon Ipo Lot Size           30 Shares          
Issue Size           470.49 Cr      
Offer for sale  
Issue Type           Book built Issue IPO           
Listing At           BSE, NSE
QIB Shares Offered             12.29 times 
NII (HNI) Shares           4.92 times 
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.  
XELPMOC DESIGN AND TECH IPO

Tentative Dates           

Ircon Ipo opening date           17 Sept 2018  
Ircon Ipo closing date           19 Sept 2018  
Basis of Allotment           25 Sept 2018 
Initiation of Refunds           26 Sept 2018 
The credit of Shares to Demat          26 Sept 2018 
IRCON IPO Listing Date           28 Sept 2018 

IRCON IPO- Company Overview    

The investments in Indian Railways have almost doubled from Rs 572 billion to Rs 1099 billion. Especially, in 2015-16, the investments have jumped by about 52% from Rs 616 billion to Rs 935 billion. This was led by an increased thrust on raising funds through new channels such as LIC, Multilateral agencies etc.   

Industry Overview    

The total shipbuilding capacity in India has expanded at a CAGR of 2.8% between FY2011 and FY2017. The highest y-o-y increase in the shipbuilding capacity was in FY2014 (up 8.8%) due to the capacity addition by L&T Shipbuilding in the private sector during the year. 

The private sector accounts for nearly two-third of the total shipbuilding capacity with private sector shipyard, RNEL, having the largest capacity in India. Among the public sector shipyards, CSL has the highest capacity followed by HSL. 

 Objectives           

  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 Equity Shares on the Stock Exchanges. 

Financial Statements          

Particulars          31-Mar-18     31-Mar-17   31-Mar-16 
Total Assets          127,782.22 92.314.11 81,394.06 
Total Revenue          42,124.02 33,013.48 29,086.37 
Profit After Tax          4,115.80 3,839.78  3,931.08 
XELPMOC DESIGN AND TECH IPO

Ircon Ipo- Strengths          

  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 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/ 

Registrar 

KFin Technologies Limited 
 
Phone: 04067162222, 04079611000 
Email: einward.ris@karvy.com 
Website: https://karisma.kfintech.com/ 

Lead Manager

  1. Axis Capital Limited (Past IPO Performance) 
  1. IDBI Capital Market Services Limited (Past IPO Performance) 
  1. SBI Capital Markets Limited (Past IPO Performance) 

Lead Manager Reports 

  • IPO Lead Manager Performance Summary 
  • IPO Lead Manager Performance Tracker 

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