Public sector firm IRCON International opened its initial public offering (IPO) on Monday, with a price band between Rs 470 to 475 per share.

Sunil Kumar Chaudhary, chairman & MD of the company, spoke to CNBC-TV18 about the company's business plans and outlook.

"The executable order book stands at Rs 22,400 crore, where the projects have already commenced and construction on. It also includes projects which have got land clearance, forex clearance and where the drawing board period is over," said Chaudhary.

"All this will lead to a better topline and bottomline. Expect the topline from domestic projects to grow at 30-35 percent and bottomline grew at the rate of 22-25 percent," added Chaudhary.

Explaining the order book further, Chaudhary said, "Railway projects include all projects from the sector from Indian Railways, South Africa, Nepal etc. including projects for the metros, electrification, substations. Other projects also include bridges, highways etc., so it I mixed infrastructure projects, he said."

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First Published:Sept 17, 2018 2:30 PM IST