IRCON International IPO Dates, Review, Price Band and Market Lot Details

Vijay Prajapati
July 19, 2018

Vijay Prajapati

IRCON gets SEBI’s go ahead for the ipo and IRCON ipo to hit the market on 17-September and ends on 19-September. IRCON International is a Rail PSU company promoted by The President of India Acting Through The Ministry of Railways. They are coming share sale over 99 lakhs which will be the disinvestent of 10% of government. The IPO likes to fetch 470 crore. The company is incorporated 1976 and specialises in railway and highway construction, bridges, flyovers, tunnels and more. IRCON completed over 300 infrastructure projects in India and over 100 in Malaysia, Nepal, Bangladesh, Mozambique, Ethopia, Afghanistan, Algeria, Sri Lanka and the UK. RITES already listed with good premium and going well in the market and now IRCON will come up with offerings. Lets see how this IPO will perform.

IRCON IPO Review:

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IRCON IPO Dates & Price Band:

IPO Open: 17-September-2018
IPO Close: 19-September-2018
IPO Size: Approx Rs. 470 Crore (Approx)
Face Value: Rs.10 Per Equity Share
Price Band: Rs. 470 to 475 Per Share
Listing on: BSE & NSE
Retail Portion: 35%
Equity: 99,05,157 Shares
Discount: Rs.10 (Retail & Employees)

IRCON IPO Market Lot:

Shares: Apply for 30 Shares (Minimum Lot Size)
Amount: Rs. 13,950 (For RII & EMP)
Amount: Rs. 14,250 (For QIB & HNI)

IRCON IPO Allotment & Listing:

Basis of Allotment: 25-September-2018
Refunds: 26-September-2018
Credit to demat accounts: 26-September-2018
Listing: 28-September-2018

Read Also

IPO Grey Market Premium

IPO Subscription Numbers

IPO Listing Date

IRCON Financial:

Rs. in Crore
	Revenue	Expense	PAT
2013	4543	3453	805
2014	4151	3053	747
2015	3233	2390	570
2016	2909	2303	362
2017	3301	2825	398
9M 2018	2591	2340	212

More Details:

Earnings Per Share (EPS): Rs.38.82
Return on Net Worth (RONW): 10.08%
Net Asset Value (NAV): Rs. 385.08 / Share

Company Promoters:

The President of India Acting Through The Ministry of Railways

Quick Links:
DRHP Draft Prospectus
RHP Draft Prospectus

IRCON IPO Registrar:
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: [email protected]
Investor Grievance e-mail: [email protected]
Website: www.karisma.karvy.com
Contact Person: M. Muralikrishna
SEBI Registration No. INR000000221
Note: Check Garden Reach Shipbuilders ipo allotment status on Karvy website allotment url. Click Here

IRCON IPO Lead Managers:

IDBI Capital Markets & Securities Limited
Axis Capital Limited
SBI Capital Markets Limited

Company Address:
IRCON International Limited
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: [email protected]
Website: www.ircon.org

Note: The ipo price band and dates will be added as it will be officially announced. The ipo grey market premium (ipo gmp) will be added on the grey market page as it will be started)

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