Ircon International Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 9,905,157 equity shares of face value of Rs. 10 each ("equity shares") of Ircon International Limited (the "company" or the "issuer") through an offer for sale by the President of India, acting through the Ministry of Railways, Government of India (the "selling shareholder"), for cash at a price* of Rs. 475 per equity share ((including a share premium of Rs. 465 per equity share) (the "offer price"), aggregating to Rs. 466.94# Crores (the "offer"). The offer includes a reservation of up to 500,000 equity shares for subscription by eligible employees (as defined herein) ("employee reservation portion"). The offer less employee reservation portion is referred to as the net offer. The offer and the net offer shall constitute 10.53% and 10.00% respectively, of the post offer paid-up equity share capital of the company. *Retail Discount of Rs. 10 per Equity Share on the Offer Price was offered to the Retail Individual Bidders and Employee Discount of Rs. 10 per Equity Share on the Offer Price was offered to the Eligible Employees Bidding in the Employee Reservation Portion. #Subject to finalization of Basis of Allotment The face value of the equity shares is Rs. 10 each. The offer price is 47.5 times the face value of the equity shares.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Company's business and revenues are substantially dependent on construction and infrastructure projects undertaken or awarded by government authorities and other entities funded by the government. Any change in government policies, the restructuring of existing projects or delay in payments to it, may adversely affect its business and results of operations.
- If Company face adverse publicity and incur costs associated with warranty claims or from defects during construction, its business, results of operations and financial condition could be adversely affected.
- Projects included in Company's order book and our future projects may be delayed, extended, modified or cancelled for reasons beyond its control which may materially and adversely affect its business, prospects, reputation, profitability, financial condition and results of operations. Revenues generated from its projects are also difficult to predict and are subject to variations driven by various factors.
- If Company is not successful in managing its growth, its business may be disrupted and its profitability may be reduced.
- Railway sector projects contribute approximately 86.70% of our Order Book as of March 31, 2018. Any change in the sector causing decline in the numbers of project available may adversely affect its revenues and profitability.