IPO Alert || Indian Railway Finance Corporation (IRFC) || Company Profile || Lot Size || Tentatives Dates || GMP || Apply or Not ?
IRFC Company Profile:-
Indian Railway Finance Corporation (IRFC) is a government company that 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.
The primary objective of IRFC is to meet the predominant portion of the ‘Extra Budgetary Resources’ (EBR) requirement of the Indian Railways through market borrowings at the most competitive rates and terms.
The Company’s principal business, therefore, is to borrow funds from the financial markets to finance the acquisition/creation of assets which are then leased out to the Indian Railways.
IRFC’s cumulative funding to the 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 a significant part of the annual capital expenditure of Indian Railways.
So far, it has funded the acquisition of 8998 locomotives, 47910 passenger coaches, 2,14,456 wagons, which constitute around 70% of the total rolling stock fleet of Indian Railways.
IRFC has also been lending to various entities in the Railway sector like Rail Vikas Nigam Limited (RVNL), Railtel, Konkan Railway Corporation Limited (KRCL), Pipavav Railway Corporation Limited (PRCL), etc.
IRFC IPO Dates, Price Band, Lot size:–
| Bid Open: | 18 January 2021 |
| Bid Close: | 20 January 2021 |
| IPO Size: | Approx. ₹4633 Crore |
| Price Band: | ₹25 – ₹26 Per Share |
| No. of Equity Share | 178,20,69,000 Shares |
| Face Value | ₹10 Per Equity Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| QIB Portion: | 50% |
| NIB Portion: | 15% |
| Lot Size (Number of Shares): | Minimum 575 Shares Maximum 7475 Shares |
| Minimum Amount: | ₹14950/- |
| Maximum Amount: | ₹194350/- |
IRFC IPO Allotment & Listing Tentative Date:-
| Finalization of Basis of Allotment: | 25 January, 2021 |
| Initiation of Refunds: | 27 January, 2021 |
| Credit to Demat Account: | 28 January, 2021 |
| IPO Listing Date: | 29 January, 2021 |
How to Apply for IRFC IPO:-
Now you can apply for IPO through your De-MAT account. Just simply log in to your De-MAT Account and Go to the IPO section under the Investment option and select open IPOs and make payment through UPI Apps. and 2nd ways to apply is through the ASBA facility available in your Bank Account you have to just log in to your net banking and go to the Investment option and select Open IPO list, and if you have not Net banking then you can apply offline through Filling a simple form with your Brokers.
Note:- For Free Demat Account Opening or any Other Assistant you may Contact on +9187088-20004
Read official documents:-
Company Registered Address:–
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) 2436 9766
Email: [email protected]
Website: http://www.irfc.nic.in
IRFC IPO book running lead managers:–
- HSBC Securities & Capital Markets Pvt Ltd
- ICICI Securities Limited
- IDFC Bank Limited
- SBI Capital Markets Limited
IRFC IPO Grey Market Premium:-
20-30 as on today.
Disclaimer:- Grey Market Premium changing on daily basis do not subscribe or invest just seeing Grey Market. before Investment please do some research with your Investment Planner or Adviser.
Team CA Info Review on IRFC IPO:-
According to CA Info Team:- IRFC is a Strong Net Worth company and Like IRCTC IPO these IPO will be a boom on the day of Listing. So, Investors and small Trader Should apply for listing gain and Long term Purpose.
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