Indian Railway Finance Corporation (IRFC) IPO: The Rs 4,633-crore IPO of Indian Railway Finance Corporation (IRFC) is set to open for subscription on Monday. IRFC IPO will be open from 18 January to 20 January. IRFC IPO price band at Rs 25 to 26 per equity share. The market lot size is 575 shares. A retail-individual investor can apply for a maximum of 13 lots (7475 shares).
About Indian Railway Finance Corporation (IRFC)
IRFC (Indian Railway Finance Corporation) is in the principal business of borrowing funds from the financial markets to finance the acquisition/creation of assets which are then leased out to the Indian Railways or any entity under the Ministry of Railways.
Indian Railway Finance Corporation (IRFC) was set up on 12th December, 1986 as the dedicated financing arm of the Indian Railways for mobilizing funds from domestic as well as overseas Capital Markets.
IRFC is a Schedule ‘A’ Public Sector Enterprise under the administrative control of the Ministry of Railways, Govt. of India. It is also registered as Systemically Important Non–Deposit taking Non Banking Financial Company (NBFC – ND-SI) and Infrastructure Finance Company (NBFC- IFC) with Reserve Bank of India (RBI).
IRFC’s cumulative funding to rail sector has crossed Rs.1.80 lakh crore as of 31st March, 2017 and is all set to cross Rs.2.20 lakh crore by the end of March, 2018. The funds are utilized for acquiring rolling stock assets and also building up infrastructure, constituting significant part of annual capital expenditure of Indian Railways. So far, it has funded acquisition of 8998 locomotives, 47910 passenger coaches, 2,14,456 wagons, which constitute around 70% of the total rolling stock fleet of Indian Railways.
From 2011-12 onwards, IRFC has forayed into funding of railway projects and capacity enhancement works. The Company has been assigned the additional task of funding Railway Projects through Institutional Finance to the extent of Rs.1.50 Lakh Crore by 2019-20.
IRFC has also been lending to various entities in Railway sector like Rail Vikas Nigam Limited (RVNL), Railtel, Konkan Railway Corporation Limited (KRCL), Pipavav Railway Corporation Limited (PRCL) etc.
IRFC IPO Details
Check here details of IRFC (Indian Railway Finance Corporation) IPO date, IPO offer price, lot size, subscription, allotment and listings date, grey market price and other details like the company’s background and more.
|IRFC IPO Details||Dates & Details|
|Issue Opens on||18th January 2021|
|Issue Closes on||20th January 2021|
|Issue Price||Rs. 25 – 26|
|Issue Type||Book building|
|Minimum Lot Size||575 shares|
|Maximum Lot Size||7475 shares|
|Minimum Investment||Rs. 14,950|
|Maximum Investment||Rs. 194350|
|Issue Size||Rs. 4633 cr ($626 Million)|
|Market Cap||Rs. 33,973 cr ($4.59 Billion)|
|Listing at||BSE & NSE|
|Equity Shares Offered (Fresh)||1,188,046,000 shares|
(INR2,970.11 – 3,326.53 crore)
|Equity Shares Offered (OFS)||594,023,000 shares|
(INR1,485.06 – 1,663.26 crore)
|Total Equity Shares Offered (Fresh + OFS)||INR4,455.17 – 4,989.79 crore|
|Equity Shares Prior||11,880,460,000|
|Equity Shares after the issue||13,068,506,000|
IRFC IPO Objects
IRFC (Indian Railway Finance Corporation) IPO primary objective of IRFC is to meet the predominant portion of ‘Extra Budgetary Resources’ (EBR) requirement of the Indian Railways through market borrowings at the most competitive rates and terms.
The President of India acting through the Ministry of Railways (MoR) is the promoter of the company.
IRFC IPO Launch Date
Indian Railway Finance Corporation (IRFC) initial public offering subscription opens on January 18, 2021 and close on January 20, 2021. IRFC has raised Rs 1,390 crore from 31 anchor investors ahead of its proposed initial public offer (IPO). About 53.46 crore equity shares were allotted to anchor investors on Friday at an upper price band of Rs 26 per share.
IRFC IPO Price
Indian Railway Finance Corporation (IRFC) sets initial public offer (IPO) price band at Rs 25-26 per share. The issue would comprise 178 crore equity shares of face value of Rs. 10 each. The initial public offering comprises of a fresh issue of up to 118.8 crore equity shares (“fresh issue”) and an offer for sale of up to 59.4 crore equity shares by the government.
IRFC IPO Lot Size
Indian Railway Finance Corporation (IRFC) IPO minimum bid (lot size) will be 575 shares of Rs 14,950. A retail-individual investor can apply maximum investment up to 13 lots of 7475 shares of IRFC at Rs 194,350 at The face value of the equity share is Rs 10 each.
IRFC IPO Grey market premium (GMP)
Indian Railway Finance Corporation (IRFC) shares were commanding a premium of Rs 1.60 apiece over the issue price. Rs 4,633-crore Indian Railway Finance Corporation (IRFC) initial public offer (IPO) is set to open for subscription on Monday, January 18, 2021, in the price band of Rs 25-26 price.
Indian Railway Finance Corporation (IRFC) as of September 30, 2020, the company’s total AUM consisted of 55.34 per cent of lease receivables primarily in relation to rolling stock assets, 2.25 per cent of loans to central public sector enterprises entities under the administrative control of MoR and 42.41 per cent of advances against leasing of project assets..
As far as the company’s financials are concerned, the company’s total revenue rose 22.15 per cent to Rs 13,421 crore in FY20 from Rs 10,987 crore in FY19. Profit for the six months ended September 30 stood at Rs 1,886.84 crore against Rs 3192 crore5 in FY20, Rs 2,140 crore in FY19 and Rs 2,001 crore in FY18.
The company’s capital adequacy ratio as of March 31, 2020 and September 30, 2020 was 395.39 per cent and 433.92 per cent, respectively. As of September 30, 2020, the company did not have any non-performing assets.
IRFC IPO Subscription Status Today
Indian Railway Finance Corporation (IRFC) IPO Subscription Status will update on January 25, 2021
IRFC Stock Listed on NSE & BSE
Indian Railway Finance Corporation (IRFC) IPO equity shares after the completion of a public issue will be listed on the National Stock Exchange and on BSE Limited.
IRFC IPO BRLM
Indian Railway Finance Corporation (IRFC) IPO book running lead managers (BRLM) appointed for the public issue DAM Capital Advisors Ltd, HSBC Securities and Capital Markets (India) Private Ltd, ICICI Securities Ltd and SBI Capital Markets Ltd are the book running lead managers to the offer.
IRFC IPO Listing Date
The Indian Railway Finance Corporation (IRFC) IPO listing date is not yet announced. The tentative date of IRFC IPO listing is 25 Jan 2021.
IRFC IPO Tentative Timetable
|Basis of Allotment:||25 January 2021|
|Refunds:||27 January 2021|
|Credit to Demat Account:||28 January 2021|
|Listing Date:||29 January 2021|
IRFC IPO Allotment Status Date
Indian Railway Finance Corporation IPO allotment status will be available on KFintech Private Limited website. The company will finalize ipo allotment on 25th January 2021, while the refunds or unblocking of funds from ASBA accounts which did not get any share in allotment will take place on 27th January 2021. Shares will be credited to accounts of eligible investors on 28th January 2021 and the trading in shares will commence from 29th January 2021.
IRFC Paints IPO FAQs
What is the IRFC IPO Open Date?
The Indian Railway Finance Corporation IPO opens on Jan 18, 2021 and closes on Jan 20, 2021.
What is the lot size of IRFC IPO?
Indian Railway Finance Corporation IPO lot size is 575 Shares and the minimum order quantity is 575 Shares.
How to Apply the IRFC IPO Online and Offline?
You can apply Indian Railway Finance Corporation IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply offline via your stock brokers by filling up the offline form.
How much is IRFC IPO GMP Today?
Indian Railway Finance Corporation IPO Grey market premium as on today is ₹1.50-2, Kostak ₹450& Subject to Sauda is ₹1300