IRCON International Limited IPO Message Board (Page 25)

Costly ipo so avoid

Apply blindly...
Very good ipo...

tell me about whether to invest in this ipo or not and and listing gain

Good for short term as well as long term.
Applied for it.
As it will b oversubscribed by about12 times application wise. Hence apply though max no. Of account to increase the allotment chances.

Grey Market premium is 10 to 15 rs. on 16.9.18

Ircon GMP is 31-36, it has increased and it will increased.

D/A,

The GMP for IRCON from another respected site is as under

IRCON IPO grey market premium day by day with kostak rates.
Grey market premium as on today is Rs.85-90, Kostak Rs.300 & Subject to Sauda is Rs.2000
Grey market premium as on 13-09-2018 is Rs.85-90, Kostak Rs.350 & Subject to Sauda is Rs.2000
Grey market premium as on 12-09-2018 is Rs.85-90, Kostak Rs.350 & Subject to Sauda is Rs.2000
Grey market premium as on 11-09-2018 is Rs.95-100, Kostak Rs.350 & Subject to Sauda is Rs.2000
Grey market premium as on 10-09-2018 is Rs.80-85, Kostak Rs.300 & Subject to Sauda is N/A
Grey market premium as on 09-09-2018 is Rs.40-50, Kostak Rs.300 & Subject to Sauda is N/A
Grey market premium as on 08-09-2018 is Rs.40-50, Kostak Rs.300 & Subject to Sauda is N/A
Grey market premium as on 07-09-2018 is N/A, Kostak N/A & Subject to Sauda is N/A
Grey market premium as on 06-09-2018 is N/A, Kostak N/A & Subject to Sauda is N/A
Grey market premium as on 05-09-2018 is N/A, Kostak N/A & Subject to Sauda is N/A

Please tell which one to rely upon.

Regards

@ravikumar gudapati
/faq/what-is-kostak-rates-in-ipo-grey-market/378/

today its gmp is RS.20 ONLY.

Grey ircon 15 - 16

If it is good company and no competitors then why gimp is getting low

Ignore typo error

@S.JAIN
Agree with you as the subscription figure increases the GMP will also increase to 80-90 levels

Sold 8 application@300 just now (kostak)

0/8 already msg in morning

@Amit Pathak
I presume 40-45 rs gain after 2-3 days of listing ,not 35%

EgleEye mam ' view would be benefit for listing gain or long term

@haresh In any IPO go for upper band i.e. 14250
otherwise you won't get allotment.There is multiple subscription

EgleEye mam your view please on this ipo

This IPO is So complicated, Apply or Not is Till Question Mark (?).
Net Profit Is Down YOY.
This Point make me Beware or Stay away From This IPO

i know about this company excellent railway company ...
1) No competitor 2) Most of the order receive from Railways directly ....3) Healthy Order book 4) Proven track record 5) AAA+ Rating 6 ) Debt Free construction company.. 7 ) High skilled Manpower

This company have ability to grow ....i hope it will subscribe more then 50-60 time ...it can be list 575-600.

grab the opportunity....invest more

% OF PAT to Total Revenue is showing a negative trend.

see last 2 year trend .. Now it is moving up.earlier some of its project was in mobilization stage but now all started so it will reflect in maximum profit and earning.

STOCK TIGERS IPO REVIEW

*IRCON INTERNATIONAL LTD*

Open Date:      Sep 17 2018
Close Date:      Sep 19 2018
Total Shares:      9,905,157
Face Value:      Rs 10 Per Equity Share
Issue Type:      Book Built Issue IPO
Issue Size:      466.70 Cr.
Lot Size:      30 Shares
*Issue Price:      Rs 470-475 Per Equity Share*
*Retail Discount:      10*
Listing At:      NSE,BSE
Listing Date:      Sep 28 2018 (approx)

????????Ircon International Limited (IRCON), is a Mini Ratna government company incorporated by Central Government (Ministry of Railways)

IRCON International Limited is engaged majorly in the construction of
A. Road projects
B. Refinery projects
C. Railway projects
D. Ports projects

????????The Company has so far completed more than 120 projects in more than 24 countries across the globe, and 376 projects in India.

????????The setting of new rail coach factory at Rae Bareli.

???????? *As of 31 December 2017, it had an order book of INR 22406 Cr*. The railways cover almost 90% of the order book size.

????????IRCON has a strong balance sheet to boasts and was a debt free company prior to FY2018 before taking a loan of INR3,200 crore from Indian Railway Finance Corporation (IRFC). Following this, the company's debt-equity ratio is 0.85

????????Care has assigned rating of AAA for long-term non fund base credit and A1+ rating for short-term non fund based credit in 2017.

???????? Though by seeing its Financials, Company has posted declining PROFIT margin and reducing EBITDA growth.. Quite surprising

????????STOCK TIGERS believes that Following the strong debut and subsequent performances of RITES Limited and Mishra Dhatu Nigam, investors will have high hopes from IRCON International IPO as well.

*STOCK TIGERS SUGGEST to Subscribe this IPO*

ALSO GOOD FOR LISTING GAIN, STOCK TIGERS ALSO PREFER TO TRACK 2-3 QUARTERLY RESULTS, FOR LONG-TERM VIEW.

STOCK TIGERS

https://www.moneycontrol.com/news/business/markets/shri-bajrang-power-and-ispat-files-drhp-with-sebi-to-raise-rs-500-cr-via-ipo-2952171.html/amp

https://www.indiainfoline.com/article-amp/news-top-story/shri-bajrang-power-and-ispat-files-drhp-with-sebi-118091200407_1.html

https://economictimes.com/markets/ipos/fpos/shri-bajrang-power-and-ispat-files-for-rs-500-cr-ipo/amp_articleshow/65787099.cms

Aavas Financiers IPO Dates & Price Band:
(Tentative)
IPO Open: 25-September-2018
IPO Close: 27-September-2018
Fresh Issue: Approx Rs. 400 Crore (Approx)
Offer for Sale: 16,249,359 Equity Shares
Face Value: Rs.10 Per Equity Share
Price Band: Rs. to Per Share
Listing on: BSE & NSE
Retail Portion: 35%
Aavas Financiers IPO Market Lot:
Shares: Apply for - Shares (Minimum Lot
Size)
Amount: Rs.- ?
Aavas Financiers IPO Allotment & Listing:
Basis of Allotment: 3 October-2018
Refunds: 4 October-2018
Credit to demat accounts: 5 October-2018
Listing: 8 October-2018

Hello friends, has there been any case where shareholder reservation quota was provided in a psu ipo etc ?

IRCON Premium 35-40 Last heard !!!

Risky trade now..!!

Hardly 3-4 times expected if premium is 30-40 !!

i know this company very well.... i think it will rock subscription will be more then 50-60 times

Last GMP update is 85-90
Therefore, plz,,don't post fake information

IRCON INTERNATIONAL IS GOOD IPO. It is Government Company in Railway Construction. Strong Orderbook for future. Continuously Flat growth. Good for Long Term bat & Must Apply for listing Gain. No chance of Discount in near term. So my suggestion is Apply all investors.