IRCON International Limited IPO Message Board (Page 20)

QIB not sure now, will come or not, have to wait upto 2:30 pm
HNI is increasing very slowly becs only retailers are applying there for firm allotment. So not a good show from both QIB and HNI

Not firm allotment 3.78x appwise, I expect it to be 5-6x for retail.
Participation level of RI and non-participation of QIB, NIIs is similar to that of RITES at this stage

@juju
It will be firm allotment if qib,hin not participate even employ quota still remains unsubscribe so now each quota
Will transfer to retail

Im in dilemma bcoz of blood bath in secondary market and below Equity Master view on IRCON.
At the upper price band of Rs 475, the IPO is valued at 11.27 times its FY18 earnings. On the face of it, the valuations may not appear too expensive. However, if you consider the fact that the company has debt to equity of 0.9 times and return on equity, return on capital employed of just 11% and 7% respectively, the valuations do not look cheap either.

We recommend subscribers to consider AVOIDING this issue.

Before considering acting on any recommendation, we suggest that you consult with your investment advisor with regard to your individual situation.

Subscription figures are somewhat similar to that for CreditGrameen IPO recently ....