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.
Indian Railway Finance Corporation Ltd Financial Status
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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
Indian Railway Finance Corporation Ltd IPO Lead Manager
DAM Capital Advisors LtdHSBC Securities & Capital Markets (India) Pvt LtdICICI Securities LtdSBI Capital Markets Ltd
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