Weekly Stock Recommendation [18-10-2021 to 22-10-2021]
Script Name Call No Buy/Sell CMP Buy upto 1st Target 2nd Target Stop Loss High/Low Remark
SBIN W-1 Buy 490.60 485 500 507++ 480 - -
ADANIENT W-2 Buy 1646.35 1635 1680 1692++ 1625 - -
ICICIBANK W-3 Buy 727.30 724 737 741++ 720 - -
LTI W-4 Buy 6098.90 6035 6195 6255++ 6000 - -
JUBLFOOD W-5 Buy 4409.60 4380 4498 4555++ 4350 - -
LTTS W-6 Buy 4817.05 4790 4890 4947++ 4765 - -
HAVELLS W-7 Buy 1474.10 1460 1500 1520++ 1440 - only Risk Trader
ANGELBRKG W-8 Buy 1637 1610 1680 1700++ 1600 - only Risk Trader
Main-line IPO
Company Name Open Date Close Date Issue Size Issue Price Lot Size Mini App Allotment Status
SME IPO
Company Name Open Date Close Date Issue Size Issue Price Lot Size Mini App Allotment Status
D.K. Enterprises Global IPO Details 07-10-2021 12-10-2021 ₹ 7.99 Cr ₹ 40 3000 ₹ 1,20,000 -

IRCON International Limited IPO

IRCON International Limited was established in 1976, IRCON International Limited, is New Delhi based engineering and construction company, specialising 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 infrastructural activities. 

Company provides EPC services on a fixed-sum turnkey basis as well as on an item-rate basis for various infrastructure projects. In 2016, Company was ranked 248 in the list of the top 250 international contractors by Engineering News Record (ENR) of the US. IRCON has 26 project offices and 5 regional offices to support and manage its business operations throughout India and five overseas project offices in Sri Lanka, Bangladesh, Malaysia, South Africa and Algeria to provide onsite support overseas.

Company executes majority of its projects independently, but also forms joint ventures and consortiums with other infrastructure and construction companies, when specific project requires them or their partner to meet specific eligibility requirements. As of March 31, 2018 company has 1179 full time employees on its payroll.
IRCON International Limited IPO Details
Issue Open 17-09-2018
Issue Close 19-09-2018
Allotment Date 26-09-2018
Unblocked Amount 27-09-2018
Listing Date 28-09-2018
Issue Size
99,05,157 Total Equity Share
5,00,000 Fresh Issue Equity Share
94,05,157 Fresh Equity Share
Issue Size ₹ 470.49 Cr
₹ - Cr Fresh
₹ - Cr OFS
IPO Price Band ₹ 470 - ₹ 475
₹ 10 Discount for RII & Employees
Minimum Share Bid 30
Minimum Investment Amount [₹]  ₹ 14,250
After Discount ₹ 13,950
Face Value ₹ 10
Qualified Institutional Buyer [QIB] 50%
High Networth Individual [HNI] 15%
Retail Individual Investor [RII] 35%
Listing On BSE & NSE
IRCON International Limited IPO Grey Market Premium [GMP]
Latest Update Premium Kostak Subject to Sauda Recommended
25-09-2018 : 09:00 AM ₹ 10 - ₹ 15 ₹ - ₹ - Neutral
IRCON International Limited IPO Financial details [in Rs, Cr]
Financial Year Total Revenue Total Expenses Profit After Tax
FY-2013 4543.16 3453.18 804.89
FY-2014 4150.77 3053.42 746.98
FY-2015 3232.51 2390.06 570.13
FY-2016 2908.64 2302.53 362.44.
FY-2017 3301.35 2825.12 397.70
FY-2018 4212.40 3659.21 412.96
IRCON International Limited IPO Valuation Details
Earnings Per Share [EPS] ₹ 42.13
Price/Earnings [P/E] Ratio 11.27
Return on Net Worth [RoNW] 10.98 %
Net Asset Value [NAV] ₹ 398.51 Per Share
IRCON International Limited IPO Subscription Details
As on Date QIB NII RII Employee Total
Shared Offred 47,02,578 14,10,774 32,91,805 5,00,000 99,05,157
Day-1
[17-09-2018]
0
[0.00]
54,000
[0.038]
28,29,720
[0.85]
9,150
[0.01]
28,92,870
[0.30]
Day-2
[18-09-2018]
43,050
[0.009]
2,69,520
[0.19]
97,43,790
[2.96]
53,640
[0.10]
1,01,10,000
[1.02]
Day-3
[19-09-2018]
[Till-01:00]
5,50,650
[0.11]
6,26,310
[0.44]
1,83,38,610
[5.57]
1,18,080
[0.23]
1,96,33,650
[1.98]
IRCON International Limited IPO Grey Market Premium
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IRCON International Limited IPO Allotment Status
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Live Subscription for IRCON International Limited IPO
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IRCON International Limited IPO Recommendations
Live IPO Team Recommendation:- Neutral
IRCON International Limited IPO Contact Details
IRCON International Limited
Plot no. C - 4, District Centre,
Saket,
New Delhi -110017,
India
Contact Person: Ritu Arora,
Telephone: +91 11 2956 5666
Fax: +91 11 2652 2000 / 2685 4000
E-mail: cosecy@ircon.org
Website: www.ircon.org
Corporate Identity Number: U45203DL1976GOI008171
Registrar of IRCON International Limited IPO
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli
Financial District,
Nanakramguda
Hyderabad 500 032
Telangana, India
Telephone: +91 40 6716 2222
Facsimile: +91 40 2343 1551
Email: einward.ris@karvy.com
Investor Grievance e-mail: einward.ris@karvy.com
Website: www.karisma.karvy.com
Contact Person: M. Muralikrishna
SEBI Registration No. INR000000221
Lead Managers of IRCON International Limited IPO
IDBI Capital Markets & Securities Limited
(Formerly known as IDBI Capital Market
Services Limited)
3rd Floor, Mafatlal Centre, Nariman Point
Mumbai 400 021, Maharashtra, India
Telephone: +91 22 4322 1212
Fax: +91 22 2285 0785
Email: ircon.ipo@idbicapital.com
Investor grievance E-mail: redressal@idbicapital.com
Website: www.idbicapital.com
Contact Person: Astha Daga
SEBI Registration No.: INM000010866

Axis Capital Limited
1st Floor, Axis House, C-2, Wadia International Centre,
Pandurang Budhkar Marg, Worli
Mumbai 400 025
Maharashtra, India
Telephone: + 91 22 4325 2183
Fax : +91 22 4325 3000
E-mail: ircon.ipo@axiscap.in
Website: www.axiscapital.co.in
Investor Grievance E-mail: complaints@axiscap.in
Contact Person: Kanika Sarawgi / Akash Aggarwal
SEBI Registration Number: INM000012029

SBI Capital Markets Limited
202, Maker Tower “E”
Cuffe Parade
Mumbai 400 005
Maharashtra, India
Telephone: +91 22 2217 8300
Fax: +91 22 2218 8332
E-mail: ircon.ipo@sbicaps.com
Investor grievance E-mail: investor.relations@sbicaps.com
Website: www.sbicaps.com
Contact Person: Gitesh Vargantwar / Karan Savardekar
SEBI Registration No.: INM000003531

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