Incorporated in 1976, Delhi based IRCON International Limited is a government company (under the Ministry of Railways) engaged in the business of engineering and construction. The company specializes in major infrastructure projects including highways, railways, bridges, flyovers, electrical and mechanical works, development of commercial, residential and industrial areas. It was ranked 248 in the list of 250 of top 250 global contractors by USA based Engineering News Record (ENR).
The company has 1,175 full-time employees on its payroll.
Competitive Strengths of the company-
- 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
IRCON International IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹470 to ₹475 per equity share |
| Market Lot | 30 Shares |
| Min Order Quantity | 30 Shares |
| Listing At | BSE, NSE |
| BSE Script Code | 541956 |
| NSE Symbol | IRCON |
| ISIN | INE962Y01013 |
| Issue Size | Aggregating up to ₹470.49 Cr |
IRCON International IPO Tentative Timetable
| PARTICULAR | DATE |
| IPO Open Date | 17-Sep-18 |
| IPO Close Date | 19-Sep-18 |
| Basis of Allotment Date | 25-Sep-18 |
| IPO Listing Date | 28-Sep-18 |
IRCON International IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 30 | ₹14,250 |
| Maximum | 14 | 420 | ₹199,500 |
IPO Allotment Status
Olease Click Hare To Check IPO Allotment Status For IRCON International Limited
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.
Company Financials:
| PARTICULAR | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 |
| Total Assets | 127,782.22 | 92.314.11 | 81,394.06 | 65,210.01 | 62,134.65 | 62,389.08 |
| Total Revenue | 42,124.02 | 33,013.48 | 29,086.37 | 33,325.05 | 41,507.70 | 45,431.58 |
| Profit After Tax | 4,115.80 | 3,839.78 | 3,931.08 | 5,630.31 | 7,469.80 | 8,048.95 |
Objects of the Issue:
The objects of the Issue are:
- 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 the Equity Shares on the Stock Exchanges.
The Company will not receive any proceeds from the Offer and all proceeds shall go to the Selling Shareholder.
Rgistrar & Company Details
| Company Contact Information | IRCON International IPO Registrar |
| 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/ | KFintech Private Limited Selenium Building, Tower-B, Plot No 31 & 32, Financial District,Nanakramguda, Serilingampally, Rangareddi, Telangana India – 500 032. Phone: 1-800-3454001 Email: einward.ris@karvy.com Website: https://karisma.kfintech.com/ |
