Indian Railway Finance Corporation Ltd IPO


IPO Details

  • Open Date 18-Jan-21
  • Close Date 20-Jan-21
  • Lot Size 575
  • IPO Size ₹ 4633.38 Cr
  • IPO Price Range ₹ 26
  • Min Investment ₹ 14950
  • Listing Exchange -
  • Basis of Allotment TBA
  • Refunds TBA
  • Credit to Demat Account TBA
  • Listing Date TBA

IPO Synopsis

Initial public offering of 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.26.00 per equity share (including a premium of Rs.16.00 per equity share) (the issue price) aggregating to Rs.4633.38 Crores (issue). The issue consisted of a fresh Issue of 1,188,046,000* equity shares aggregating to Rs.3088.92 Crores (fresh issue) and an offer for sale of 594,023,000* equity shares by the President of India, acting through the Mor (selling shareholder), aggregating to Rs.1544.46 Crores (offer for sale). The issue included a reservation of 192,307 equity shares aggregating to Rs.0.50 Crores for Subscription by eligible employees (as defined herein) (employee reservation portion). The issue less employee reservation portion is referred to as the net issue. The issue and the net issue constituted 13.64% and 13.63% 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 2.60 times the face value of the equity shares.

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO 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 mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Indian Railway Finance Corporation Ltd IPO

Contact Information

UG Flr East Tower NBCC Place,
Pragati Vihar Lodhi Road,
New Delhi, New Delhi 110003