IRCON International Limited IPO
Mainboard
₹ 14250 /30 Shares
17 Sep, 2018
Open Date19 Sep, 2018
Close Date26 Sep, 2018
Allotment Date28 Sep, 2018
Listing DateIPO Issue Details
- Issue Price Rs 470/- to Rs 475/- Per Equity Share ( Rs 10/- discount for RII and Employees)
- Face Value Rs 10 Per Equity Share
- Issue Price Offer for Sale of 99,05,157 Equity Shares of Rs 10/- each at price of Rs 470/- to Rs 475/- aggregating up to Rs 470.49 Cr
- Listing at NSE, BSE ( B - Group )
- Lead Manager IDBI Capital Markets & Securities Limited, Axis Capital Limited, SBI Capital Markets Limited
- Registrar Karvy Computershare Private Limited
IPO Details
- Retail Portion N/A
IPO Details
The IPO of is priced at ₹470 - 475 per equity share, which has a face value of Rs 10 Per Equity Share each, IPO bidding starts from Sep 17, 2018 and ends on Sep 19, 2018. The allotment for IPO will be finalized on Sep 26, 2018. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Sep 28, 2018. The company shall list its equity shares on the NSE, BSE ( B - Group ). Karvy Computershare Private Limited is the registrar of the issue.
The book-running lead manager for the IPO is/are IDBI Capital Markets & Securities Limited, Axis Capital Limited, SBI Capital Markets Limited.
The IPO sets its price band at 470 - 475 for each share. A single application for IRCON International Limited IPO must contain at least 30 shares.
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IPO Subscription Analysis And Details
| As on | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 47,02,578 | 14,10,774 | 32,91,805 | 99,05,157 |
|
Day 1
17-09-18
|
0 x | 56,430 0.04 | 28,30,952 0.86 x | 28,72,495 0.29 x |
|
Day 2
18-09-18
|
43,050 0.01 x | 2,69,520 0.19 | 97,43,790 2.96 x | 1,01,10,000 1.02 x |
|
Day 3
19-09-18
|
5,78,08,890 12.29 x | 69,40,950 4.92 | 3,31,64,370 10.08 x | 9,70,53,990 9.90 x |
Valuations
IPO - Issue Objectives
Offer for Sale(a) To carry out the disinvestment of upto 99,05,157 Equity Shares by the Selling Shareholder constituting 10.53% in the company. (b) To achieve the benefits of listing the Equity Shares on the Stock Exchanges.
IPO - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| IndoStar Capital Finance Ltd | 2.17 | 24.73 | 11.08% | 719.92 |
| L&T Finance Holdings Ltd | 3.34 | 33.20 | 11.44% | 314.89 |
| Piramal Enterprises Ltd | 3.01 | 35.90 | 8.41% | 8737.40 |
| Aditya Birla Capital Ltd | 2.98 | 25.15 | 8.04% | 5885.87 |
| Capital First Ltd | 2.72 | 25.12 | 10.37% | 2800.86 |
| Shriram Trasport Finance Co. Ltd | 3.23 | 28.90 | 11.17% | 10,904.47 |
| Sundaram Finance Ltd | 4.09 | 28.79 | 14.19% | 5633.21 |
| Cholamandalam Investment and Finance Company Ltd | 6.28 | 37.77 | 16.63% | 4696.85 |
| Repco Home Finance Ltd | 3.51 | 21.50 | 16.32% | 1045.89 |
IPO - FAQs
Ans. IRCON International Limited IPO is a Mainboard IPO. The issue is priced at Rs 470/- to Rs 475/- Per Equity Share ( Rs 10/- discount for RII and Employees). The minimum order quantity is 30 Shares. The IPO opens on Sep 17, 2018, and closes on Sep 19, 2018. Karvy Computershare Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE, BSE ( B - Group ).
Ans. The IRCON International Limited IPO opens on Sep 17, 2018 and closes on Sep 19, 2018.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of IRCON International Limited IPO is Offer for Sale of 99,05,157 Equity Shares of Rs 10/- each at price of Rs 470/- to Rs 475/- aggregating up to Rs 470.49 Cr.
Ans. The IRCON International Limited IPO price band is set between Rs 470/- to Rs 475/- Per Equity Share ( Rs 10/- discount for RII and Employees).
Ans. To apply for IRCON International Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find IRCON International Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of IRCON International Limited IPO is Sep 26, 2018.
Ans. The IRCON International Limited IPO will be listed on Sep 28, 2018.
Ans. Follow the steps to check the IRCON International Limited IPO allotment status online.
