Ircon International IPO
Ircon International Limited (IRCON) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 28 September 2018.
Issue details
Listing day
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 47,02,578 | 5,78,08,890 | 12.3x | |
| NII (HNI) total | 14,10,774 | 69,40,950 | 4.92x | |
| Retail | 32,91,805 | 3,31,64,370 | 10.1x | |
| Employees | 5,00,000 | 1,82,370 | 0.36x | |
| Total | 99,05,157 | 9,80,96,580 | 9.90x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 29% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Ircon International's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Newgen Software TechnologiesJan 2018 | 15.6x | 5.52x | 5.18x | 8.25x | ₹428 Cr | +3.7% | +8.9% |
| Mahindra LogisticsNov 2017 | 15.6x | 2.07x | 6.10x | 7.90x | ₹829 Cr | 0.0% | +1.1% |
| Larsen & Toubro InfotechJul 2016 | 19.9x | 10.8x | 7.39x | 11.7x | ₹1,242 Cr | -6.1% | 0.0% |
| PSP ProjectsMay 2017 | 8.38x | 10.4x | 6.47x | 8.58x | ₹212 Cr | -9.5% | -5.0% |
| Future Supply Chain SolutionsDec 2017 | 12.4x | 11.2x | 3.28x | 7.56x | ₹650 Cr | 0.0% | +5.3% |
| Security and Intelligence Services (India)Aug 2017 | 5.64x | 1.66x | 19.5x | 7.07x | ₹789 Cr | +8.0% | +8.0% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| IDBI Capital Markets & Securities | 7 | +19.1% | 43% |
| Axis Capital | 107 | +20.4% | 73% |
| SBI Capital Markets | 56 | +16.7% | 61% |
Offer documents (NSE)
Frequently asked
What is the Ircon International IPO price band and lot size? ₹470–475 per share, with a lot of 30 shares, so the smallest retail bid is ₹14,250.
How many times has it been subscribed? 9.90x overall: QIB 12.3x, NII 4.92x, retail 10.1x, employees 0.36x.
How did it list? It opened at ₹412, -13.3% against the issue price of ₹475, and closed its first day -12.6%.
