Railways Engineering and Construction company IRCON International Ltd to raise Rs4.7bn via IPO


IRCON International Ltd.
Established in 1976, an Govt of India company (under Ministry of Railways), IRCON International is an integrated Indian engineering and construction company, specializing in major infrastructure projects, including, railways, highways, bridges, flyovers, tunnels, aircraft maintenance hangars, runways, EHV sub-stations, electrical and mechanical works, commercial and residential properties, development of industrial areas, and other infrastructure activities. It provide EPC services on a fixed-sum turnkey basis as well as on an item-rate basis for various infrastructure projects. Also execute on build, operate and transfer mode in various projects in order to meet the requirements of bids.

In 2016, company were ranked number 248 in the list of the top 250 international contractors by Engineering News Record (ENR) of the United States. company is headquartered in New Delhi and have an overseas office in Malaysia. Additionally, have 26 project offices in India and abroad (including in Sri Lanka, Bangladesh, South Africa and Algeria) and five regional offices to support and manage our business operations.

Order Book comprises of the anticipated revenues from uncompleted portions of existing contracts (signed contracts for which all pre-conditions to entry have been met, including letters of intent issued by the client). As of March 31, 2018, an Order Book of ₹224 billion.

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Management:
Name
Designation
Sunil Kumar Chaudhary
Chairman & MD
Deepak Sabhlok
Director – Projects
Mukesh Kumar Singh
Director – Finance

IPO Snapshot: 
Particulars
Details
Dates 17-Sep-2018 to 19-Sep-2018
Face Value Rs10/share
Price Band
Rs470 - Rs475/share
Discount
Rs10/Share to Retail and Eligible employee quota
Bid lot
30 shares and multiples
Listing NSE & BSE
Mode of Payment
ASBA (Mandatory)

Issue Details: 
Issue Size Rs47,049mn
QIB 50%
NIB 15%
Retail 35%

Lead ManagersIDBI Capital Market & Securities Ltd.
Axis Capital Ltd.
SBI Capital Markets Ltd. 

Registrar: Karvy Computershare Pvt. Ltd.

Allotment Status: Check Allotment status


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