IRCON International is an integrated Indian engineering and construction company, Incorporated 1976, Delhi based IRCON International Limited is a government company (under the Ministry of Railways) 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.
Company is headquartered in New Delhi and has overseas office in Malaysia. Additionally, they 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 their business operations.
Company has a rich experience in executing major construction and infrastructure projects, both internationally and domestically.
The scope of their services primarily includes design and engineering of the project, procurement of equipment and packages, project management, and commissioning.
Company also executes on build, operate and transfer mode in various projects in order to meet the requirements of the bids. As of March 31, 2018, company had an Order Book of Rs. 22,406.7 crores.
Strengths of the Company
1. Diversified business across many countries.
2. Strong Financial performance with a robust credit profile.
3. Strong order book of Rs. 222871.7 million as on Dec 31st 2017.
4. Continuously expanding footprint within and beyond India.
Objects of the Issue
1.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.
2.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.
The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Apply in IPO now in ASBA mode, to apply call us at 91-7024471019.