IRCON International Limited IPO (IRCON International IPO) Detail

ircon international limited ipo

IRCON International Limited IPO (IRCON International IPO) Detail

ABOUT THE COMPANY:

Ircon International Limited (IRCON), is a Mini Ratna government company incorporated by Central Government (Ministry of Railways) under the Companies Act, 1956 on 28th April, 1976 originally under the name Indian Railway Construction Company Limited, IRCON has widespread operations in several States in India and in other countries(Malaysia, Nepal, Bangladesh, Mozambique, Ethiopia, Afganistan, U.K. Algeria & Sri Lanka Now.IRCON International Limited is an integrated Indian engineering and construction company, specializing in major infrastructure projects, including, railways, highways, bridges, flyovers, tunnels, aircraft maintenance hangars, runways, commercial and residential properties, development of industrial areas, and other infrastructure activities.

The Company has so far completed more than 120 projects in more than 24 countries across the globe, and 376 projects in India.

It was ranked 248 in the list of 250 of top 250 global contractors by USA based Engineering News Record (ENR).

Present Projects:

(i) Presently, Ircon is executing construction of railway line in J&K, Sivok-Rangpo, Jayanagar (India) to Bijalpura (Nepal).Jogbani to Biratnagar, etc.

(ii) The setting of new rail coach factory at Rae Bareli.

(iii) Doubling projects for Katni Singrauli; Rampur Dumra Tal Rajendrapul, Kiul-Gaya, and Hajipur Bachwara; Akhaura-Agartala Rail Link projects.

(iv) Setting up of three electric loco sheds at Bondamunda, Daund, and Mughalsarai; Road over Bridges in Jharkhand under Pradhan Mantri Gram Sadak Yojna (PMGSY).

(v) Design and Construction of Civil, Building and Track Works of Vaitarna-Sachin section and JNPT Vaitrana Section of DFC project.

(vi) Construction of Railway Siding at Nagarnar, in Chhattisgarh and for Darlipali Super Thermal Power project.

(vii) Electrical works under RAPDRP-Part B Project in the State of Jammu & Kashmir and Uttar Pradesh.

(viii) Design, Supply, Installation etc. of receiving-cum-traction and auxiliary main sub-station; Metro works for Delhi.

Management Team:

Promoters of IRCON IPO  is the President of India acting through the Ministry of Railways. Our Promoter, along with its nominees, currently holds 99.71% of the pre-Offer paid-up equity share capital of our Company. After this Offer, our Promoter shall hold 89.18% of the post Offer paid-up equity share capital of our Company.

POSITIVES OF THE COMPANY:

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

Financials of the Company:

 

in Crores) FY 13 FY 14 FY 15 FY 16 FY 17 FY 18
Revenue 4543.1 4150.7 3232.5 2908.6 3301.3 4212.4
Net Profit 804.8 746.9 563.03 393.1 383.9 411.5

 

Objects of the IRCON International Limited IPO:

Objective of IRCON IPO are:

(i) To carry out the disinvestment of up to 9,905,157 Equity Shares, including Employee Reservation Portion, by the Selling Shareholder, constituting Offer paid up Equity Share capital our Company

(ii) To achieve the benefits of listing the Equity Shares on the Stock Exchanges. Our Company will not receive any proceeds from the Offer and all proceeds shall go to the Selling Shareholder

IRCON International Limited IPO Details:

Details Info
Issue Opens on 17th September 2018
Issue Closes on:. 19th September 2018
Issue Price Rs.470 – 475
Retail & Employee Discount Rs.10 per share
Face Value Rs.10
Minimum Lot 30 shares
Minimum Investment Rs.14,250
Issue Constitutes 10.53%
Issue Size Rs.470.49 cr ($65.73 million)
Market Cap Rs.4467 cr ($624 million)
Listing at NSE & BSE
Equity Shares Offered (OFS) 99,05,157
Equity Shares Prior to the Issue 9,40,51,574
Equity Shares after the Issue 9,40,51,574

Check IPO Allotment Status:click below

Karvy Website 

Company Contact Information:

IRCON International Limited
Plot no. C – 4
District Centre, Saket
New Delhi -110017, India
Phone: +91 11 2956 5666
Fax: +91 11 2652 2000
Email: cosecy@ircon.org
Website: http://www.ircon.org/

IRCON International IPO Registrar:

Karvy Computershare Private Limited
Karvy House, 46, Avenue 4, Street No. 1,
Banjara Hills, Hyderabad – 500 034
Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: einward.ris@karvy.com
Website: http://karisma.karvy.co

IRCON International IPO Lead Manager(s):

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

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