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. |
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
- 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.
- 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 |
Ircon Ipo- Strengths
- Diversified business across many countries.
- Strong Financial performance with a robust credit profile.
- Strong order book of Rs 223,871.7 million as on Dec 31st, 2017.
- 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
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Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker