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HomeIPOIRFC IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

IRFC IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

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Indian Railway Finance Corporation (IRFC) has decided to open its public offer for subscription on January 18, 2021 and has set the price band at Rs 25-26 per share.

The three-day public issue will open on Jan 18 and close on January 20, 2021. The company aims to raise Rs 4,633.4 crore at the higher end of the price band.

The Company has received an ‘in-principle’ approval from the BSE and the NSE for the listing of the Equity Shares

IRFC IPO Date, Price, Lots and More

DescriptionDetails
Public IssueInitial Public offering of up to 1,782,069,000 Equity Shares of Rs. 10 and OFS of 594,023,000 Eq Shares of Rs 10
Issue Period Jan 18, 2021 – Jan 20, 2021
Issue TypeBook Built Issue
IPO Price BandRs. 25 – 26 per equity share
Face Value Rs.10
Market Lot 575 Shares
Minimum Order Quantity 575 Shares
Listing NSE, BSE
NSE Symbol
IPO Market Timings 10.00 a.m. to 5.00 p.m.

IRFC IPO Important Details

  1. December 12, 1986 – Incorporated as Indian Railway Finance Corporation Limited as a public limited company
  2. December 23, 1986 – The Company received a certificate of commencement of business from the RoC
  3. February 16, 1998 – The Company was registered with RBI under Section 45-IA of the RBI Act to carry on the business of a non-banking financial institution without accepting public deposits, pursuant to a certificate of registration
  4. March 17, 2008 – RBI classified that the Company as a non-deposit accepting asset finance non-banking financial company.

IRFC IPO Lead Managers

  • DAM Capital Advisors Limited
  • HSBC Securities and Capital Markets (India) Private Limited
  • ICICI Securities Limited
  • SBI Capital Markets Limited

IRFC IPO Registrar

  • KFin Technologies Private Limited

IRFC Registered and Corporate Office

UG-Floor, East Tower,
NBCC Place,
Bisham Pitamah Marg,
Pragati Vihar,
Lodhi Road, New Delhi – 110 003

IRFC IPO Allotment Date, Listing Date and other Important Dates

DetailsDate (Tentative)
Bid / Offer Opens onMonday, January 18, 2021
Bid / Offer Closes onWednesday, January 20, 2021
Finalisation of Basis of AllotmentOn or about Monday, January 25, 2021
Initiation of refunds On or about Wednesday, January 27, 2021
Credit of the Equity SharesOn or about Thursday, January 28, 2021
Commencement of trading – ListingOn or about Friday, January 29, 2021

IRFC IPO DRHP & RHP

Objects of the Issue

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The Net Proceeds are proposed to be utilised towards funding of the following objects:

(1) Augmenting our equity capital base to meet our future capital requirements arising out of growth in our business; and
(2) General corporate purposes.

Also Read : Suryoday Small Finance Bank IPO – Price, Date, Allotment, Subscription, GMP, Review & DRHP

About IRFC

IRFC is the dedicated market borrowing arm of the Indian Railways. The primary business is financing the acquisition of rolling stock assets, which includes both powered and unpowered vehicles, for example locomotives, coaches, wagons, trucks, flats, electric multiple units, containers, cranes, trollies of all kinds and other items of rolling stock components as enumerated in the Standard Lease Agreement (collectively, “Rolling Stock Assets”), leasing of railway infrastructure assets and national projects of the Government of India (collectively, “Project Assets”) and lending to other entities under the Ministry of Railways, Government of India
(“MoR”).

The MoR is responsible for the procurement of Rolling Stock Assets and for the improvement, expansion and maintenance of Project Assets. IRFC is responsible for raising the finance necessary for such activities. Over the last three decades IRFC played a significant role in supporting the capacity enhancement of the Indian Railways by financing a proportion of its annual plan outlay.

The Union Budget proposed a capital expenditure of ₹ 1,610 billion for the Indian Railways for Fiscal 2021, which was higher than the capital expenditure of ₹ 1,480.64 billion in Fiscal 2020 (Source: Ministry of Railways).

The outlay for Fiscal 2021 comprises ₹ 702.50 billion from gross budgetary support, ₹ 75 billion from internal resources and ₹ 832.92 billion from extra budgetary resources (“EBR”). (Source: Ministry of Railways) In Fiscal 2020, we financed ₹ 713.92 billion accounting for 48.22% of the actual capital expenditure of the Indian Railways

IRFC IPO – FAQs

When IRFC IPO will open ?

The IRFC IPO opens on Jan 18, 2021 and closes on Jan 20, 2021

What is the lot size of IRFC IPO ?

IRFC IPO lot size is 575 Shares and the minimum order quantity is 575 Shares.

What is the price band for IRFC IPO

The IRFC price band at Rs 25-26 per share

Who is the Registrar for IRFC IPO ?

The Registrar is KFin Technologies Private Limited (formerly known as “Karvy Fintech Private Limited”)

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