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IRFC is a Public Sector Undertaking (PSU) completely had cash by the Government of India acting through the Ministry of Railways. The organization is enrolled with the Reserve Bank of India as a methodically significant NBFC and is ordered under the classification of an “Framework Finance Company”. IRFC is the committed market getting arm of the Indian Railways.
Its essential business is financing the securing of moving stock resources, which incorporates both fueled and unpowered vehicles, for instance trains, mentors, carts, trucks, pads, electric various units, holders, cranes, trollies of assorted types and different things of moving stock, renting of rail route framework resources and public tasks of the Government of India and loaning to different elements under the Ministry of Railways.
In FY2019, IRFC was liable for financing 82% of the Indian Railway’s absolute moving stock through a monetary renting model with renting period normally spreading over 30 years.
Subscription Dates | 18 – 20 January 2021 |
Price Band | INR25 – 26 per share |
Fresh issue | 1,188,046,000 shares (INR2,970.11 – 3,088.92 crore) |
Offer For Sale | 594,023,000 shares (INR1,485.06 – 1,544.46 crore) |
Total IPO size | INR4,455.17 – 4,633.38 crore |
Minimum bid (lot size) | 575 shares |
Face Value | INR10 per share |
Retail Allocation | 35% |
Listing On | NSE, BSE |
| FY2018 | FY2019 | FY2020 | H1 FY2021 |
Revenue | 9,207.8 | 10,987.4 | 13,421.1 | 7,384.8 |
Expenses | 6,675.9 | 8,232.0 | 10,229.0 | 5,498.0 |
Net income | 2,002.3 | 2,140.1 | 3,191.5 | 1,887.3 |
Margin (%) | 21.7 | 19.5 | 23.8 | 25.6 |
Earnings Per Share (EPS): INR3.40
Price/Earnings (PE ratio): 7.35 – 8.23
Return on Net Worth (RONW): 11.57%
Net Asset Value (NAV): INR25.50 per share
Date | GMP (in INR) | Kostak (in INR) | Subject to Sauda (in INR) |
28 Jan 2021 | 0.3 – 0.4 | – | – |
27 Jan 2021 | 0.5 | – | 400 |
25 Jan 2021 | 0.5 | – | 400 |
23 Jan 2021 | 0.5 | – | – |
22 Jan 2021 | 0.5 | 250 | – |
Company Name | Listed On | Issue Price | Listing Day Close | Listing Day Gain |
Indian Railway Finance Corporation Limited | Jan 29, 2021 | 26 | 24.85 | -4.42 |
NSE : IRFC
BSE : 543257
ISIN CODE : INE053F01010
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IPO Opening Date: 18 January 2021
IPO Closing Date: 20 January 2021
Finalisation of Basis of Allotment: 25 January 2021
Initiation of refunds: 27 January 2021
Transfer of shares to demat accounts: 28 January 2021
Listing Date: 29 January 2021
Opening Price on NSE: INR24.9 per share (down 4.23% from IPO price)
Closing Price on NSE: INR24.75 per share (down 4.81% from IPO price)
Indian Railway Finance Corporation Limited
UG-Floor, East Tower, NBCC Place,
Bisham Pitamah Marg, Pragati Vihar,
Lodhi Road, New Delhi – 110 003
Phone: +91 11 2290 0600
Email: cs@irfc.nic.in
Website: www.irfc.nic.in
KFin Technologies Private Limited
Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Category | Shares offered | Subscription (no. of times, at 5 PM) | ||
Day 1 | Day 2 | Day 3 | ||
QIB | 356,375,339 | 0.00 | 0.00 | 3.78 |
NII | 267,281,504 | 0.09 | 0.24 | 2.66 |
Retail | 623,656,843 | 1.25 | 3.32 | 3.66 |
Employee | 192,307 | 12.68 | 27.40 | 43.75 |
Total | 1,247,505,993 | 0.64 | 1.22 | 3.48 |
Indian Railway Finance Corporation Limited IPO is a main-board IPO of ₹1,782,069,000 per equity shares of the face value of ₹10 aggregating up to ₹ 4,633.38 Crores. The issue is priced at ₹25 to ₹26 per equity share. The minimum order quantity is 575 Shares. The initial public offering (IPO) date Jan 28, 2021. The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the NSE and BSE.
The Indian Railway Finance Corporation Limited IPO opening date is Jan 28, 2021 and closing date is Jan 20, 2021.
Indian Railway Finance Corporation Limited IPO Market lot size is 575 Shares and the minimum order quantity is 575 Shares.
Indian Railway Finance Corporation Limited IPO can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
The Basis of Allotment for Indian Railway Finance Corporation Limited IPO will be done on Jan 25, 2021 and the allotted shares will be credited to your demat account by Jan 28, 2021. Check the Indian Railway Finance Corporation Limited IPO allotment status.
The Indian Railway Finance Corporation Limited IPO listing date is jan 29, 2021.
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