The IRFC IPO will take place on January 18, 2021, and will end on January 20, 2021. The Indian Railway Finance Corporation (IRFC) will raise around 4533 crore through an initial public offering (IPO). We saw the success of IRCTC last year, and we may receive another railway firm that would provide a good return in the near future. IRFC is the Indian Railways’ finance arm. Through capital markets and other borrowings, the corporation raises financial resources for Indian Railways for
expansion and operation. The Indian Railway Finance Corporation (IRFC) was established in 1986 as the Indian Railways’ specialised financing arm for raising cash from domestic and international capital markets. The IRFC is a Schedule ‘A’ Public Sector Enterprise that reports to the Ministry of Railways, Government of India. It is also registered with the Reserve Bank of India (RBI) as a Systemically Important Non-Deposit Taking Non Banking Financial Company (NBFC – ND-SI) and an Infrastructure Finance Company (NBFC- IFC). By financing a large amount of the Indian Railways’
yearly plan outlay, IRFC has played a significant role in supporting the expansion of the Indian Railways and affiliated organisations. Check out the IRFC IPO date, price band, and market lot information.
Equity Shares outstanding prior to the Issue = 11,88,04,60,000 Shares
Fresh Issue of 1,18,80,46,000 Shares @26/- = Rs.3,088.92 Crores
Offer for Sale of 59,40,23,000 Shares @26/- = Rs.1,544.46 Crores
Equity Shares outstanding after the Issue = 13,06,85,06,000 Shares
Category-wise Break up:
- Anchor: 53,45,63,010 Shares = 1,389.86 Crores
- QIB: 35,63,75,340 Shares = 926.58 Crores
- NII: 26,72,81,505 Shares = 694.93 Crores
- RII: 62,36,56,845 Shares = 1621.51 Crores (Lot size: 575 = 10,84,621 Forms)
- Empl. Quota: 1,92,300 Shares = 00.50 Crores
- Total Issue: 1,78,20,69,000 Shares = 4,633.38 Crores.
Subscription required for 1X
- RII: 10,84,621 Forms
- NII: 694.93 Crores
IRFC IPO Review:
- Apply with Long Term Gain
IRFC IPO GMP, Date & Price Band:
| IPO Open: | 18 January 2021 |
| IPO Close: | 20 January 2021 |
| IPO Size: | Approx ₹4633 Crore (Approx) |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹25 to ₹26 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| Equity: | 178,20,69,000 Shares |
IRFC IPO Market Lot:
| Minimum Lot Size: | Minimum 575 Shares |
| Minimum Amount: | ₹14,950 |
| Maximum Lot Size: | Maximum 7475 Shares |
| Maximum Amount: | ₹194350 |
IRFC IPO Allotment & Listing:
| Basis of Allotment: | 25 January 2021 |
| Refunds: | 27 January 2021 |
| Credit to Demat Account: | 28 January 2021 |
| Listing Date: | 29 January 2021 |
IRFC IPO Form:
How to apply the IRFC IPO? –> You can apply IRFC IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the IRFC IPO in the Invest section. The other option you can apply IRFC IPO via IPO forms download via NSE and BSE. Check out the IRFC forms.
IRFC Company Financial:
| ₹ in Crore | Revenue | Expense | Net Income |
|---|---|---|---|
| 2016 | – | – | – |
| 2017 | – | – | – |
| 2018 | 9268 | 6676 | 2050 |
| 2019 | 11134 | 8232 | 2255 |
| 2020 | 13839 | 10145 | 3692 |
Company Promoters:
- THE PRESIDENT OF INDIA ACTING THROUGH THE MINISTRY OF RAILWAYS, GOVERNMENT OF INDIA
IRFC IPO Registrar:
KARVY COMPUTERSHARE PRIVATE LIMITED
Karvy Selenium Tower B,
Plot No. 31-32, Gachibowli Financial District,
Nanakramguda, Hyderabad
Tel: +91 40 6716 2222
Facsimile: +91 40 2343 1551
Email: [email protected]
Investor Grievance Email: [email protected]
Website:https://www.karvycomputershare.com
Contact Person: Mr.M Murli Krishna
SEBI Registration No.: INR000000221
Company Address:
Indian Railway Finance Corporation Limited
CIN – U65910DL1986GOI026363,
UG – Floor, East Tower, NBCC Place,
Bhisham Pitamah Marg, Lodhi Road ,
Pragati Vihar, New Delhi, Delhi 110003
Tel: +91 011 – 24369766-69
Email: [email protected]
Website: http://irfc.nic.in
IRFC IPO Lead Managers:
- SBI CAPITAL MARKETS LIMITED
- A.K. CAPITAL SERVICES LIMITED
- EDELWEISS FINANCIAL SERVICES LIMITED
- ICICI SECURITIES LIMITED
- RR INVESTORS CAPITAL SERVICES PRIVATE LIMITED
IRFC IPO FAQs:
Q1. When IRFC IPO will open for QIB, NII, and Retail?
Ans. The IPO is to open on 18 January 2021 for QIB, NII, and Retail Investors.
Q2. What is IRFC IPO Investors Portion?
Ans. The investors’ portion for QIB-50%, NII-35%, and Retail 10%.
Q3. How to Apply the IRFC IPO?
Ans. You can apply IRFC IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Q4. How to Apply the IRFC IPO through Zerodha?
Ans. Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “IRFC”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
Q5. What is IRFC IPO Size?
Ans. IRFC IPO size is ₹4633 crore.
Q6. What is IRFC IPO Price Band?
Ans. IRFC IPO Price Band is ₹25–₹26.
Q7. What is IRFC IPO Minimum and Maximum Lot Size?
Ans. The minimum bid is 575 Shares with ₹14950 amount while maximum bid is 7475 shares with ₹194350.
Q8. What is IRFC IPO Allotment Date?
Ans. IRFC IPO allotment date is 25 January 2021.
Q9. What is IRFC IPO Listing Date?
Ans. IRFC IPO listing date is 29 January 2021. The IPO to list on BSE and NSE.
