IPO

Indian Railway Finance Corporation Ltd IPO

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Indian Railways Finance Corporation (IRFC) is coming with its Initial Public Offering of about ₹4,600Cr. The issue will open on January 18 and will be closing on January 20. 

IRFC, the public-sector enterprise is responsible to raise funds for MoR that is required to procure rolling stock assets (wagons, trucks, electric multiple units, locomotives, coaches), its improvement, expansion, and assets management.

Objects of the Issue:

  • To augment company's equity capital base to meet business future growth requirements
  • To meet general corporate purposes

Initial Public Offering of up to 1,782,069,000 equity shares of face value of Rs.10 each (equity shares) of Indian Railway Finance Corporation Limited (the company or the issuer) for cash at a price of Rs.(*) per equity share (including a premium of Rs.(*) per equity share) (the issue price) aggregating to Rs.(*) Crores (issue) Consisting of a fresh issue of up to 1,188,046,000 equity shares aggregating to Rs.(*) Crores (fresh issue) and an offer for sale of up to 594,023,000 equity shares by the President of india, acting through the MoR (selling shareholder), aggregating to Rs.(*) Crores (offer for sale). The issue includes a reservation of up to (*) equity shares aggregating to Rs. 0.50 Crores for subscription by eligible employees (employee reservation portion). The issue less employee reservation portion is referred to as the net issue. The issue and the net issue will constitute up to 13.64 % and up to (*) % respectively, of the post issue paid-up equity Share capital of the company. The face value of each equity share is Rs.10. The issue price is (*) times the face value of the equity shares. The Price Band, retail discount, employee discount, if any, in rupees, to the retail individual bidders and to the eligible employees bidding in the employee reservation portion, respectively, and the minimum bid lot will be decided by the company. *Retail Discount of Rs.(*) per equity share to the issue price may be offered to the retail individual bidders and employee discount of Rs.(*) per equity share to the issue price may be offered to the eligible employees bidding in the employee reservation portion.

 

Indian Railway Finance Corporation Ltd IPO Subscription Details

Company

Indian Railway Finance Corporation Ltd

Issue Type

Book Building

Issue Size

₹4,633Cr

Lot Size

575 equity shares

Open Date

18 Jan

Close Date

20 Jan

Offer Price

₹25-26 per equity share

DRHP

Click here

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How to apply IPO on 5paisa app?

  • Login to your 5paisa Mobile Trading App and select IRFC IPO in the current IPOs section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a notification to block funds in your UPI app
  • Approve the block request

Indian Railway Finance Corporation Ltd IPO Frequently Asked Questions

Indian Railways Finance is a government-owned public-sector enterprise. IRFC IPO is a main-board IPO of 1,782,069,000 equity shares. The face value is of ₹10 aggregating up to ₹4,633.38 Crores.

You can apply for the IRFC IPO? using any supported UPI apps. To Apply on 5paisa App follow the procedure mentioned above. For further details Click Here.

IRFC IPO will open on January 18, 2021.

IRFC IPO Lot size is 575 equity shares, that means you can apply for one lot consisting 575 equity shares.

IRFC IPO Allotment date is yet to be announced, you may keep checking here for further details.

IRFC IPO Listing date is yet to be announced, you may keep checking here for further details.

Here is the minimun investment calculation of IRFC IPO
Lot size – 575 * Issue Price ₹26 = ₹14,950
Hence the minimum investment amount required to invest in IRFC IPO is ₹14,950. As per the maximum limit that is allowed by SEBI you can apply for 13 lots.

No, one bank account one IPO application is allowed.

Cut off Price for IRFC IPO is ₹14,950


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Contact Details of Indian Railway Finance Corporation Ltd IPO

Company Contact Information

Indian Railway Finance Corporation Ltd IPO
UG Flr East Tower NBCC Place,
Pragati Vihar Lodhi Road,
New Delhi, New Delhi 110003.

Phone: 91-11-24369766-69
Email: dgmcs@irfc.nic.in
Website: http://www.irfc.nic.in

Indian Railway Finance Corporation Ltd IPO Register

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Indian Railway Finance Corporation Ltd IPO Lead Manager(s)

  • HSBC Securities & Capital Markets (India) Pvt Ltd
  • ICICI Securities Ltd
  • IDFC Securities Ltd
  • SBI Capital Markets Ltd

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