IRFC IPO Date, Details, Review, GMP

IRFC is a Public Sector Undertaking (PSU) wholly-owned finance by the Government of India acting through the Ministry of Railways. The company is registered with the Reserve Bank of India as a systematically important NBFC and is classified under the category of an “Infrastructure Finance Company”.

IRFC is the dedicated market borrowing arm of the Indian Railways. Its 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, leasing of railway infrastructure assets and national projects of the Government of India and lending to other entities under the Ministry of Railways.

Promoters of IRFC Ltd 

The President of India, acting through The Ministry Of Railways, Government Of India

IRFC IPO details
Subscription Dates	18 – 20 January 2021
Price Band	INR25 – 28 per share
Fresh issue	1,188,046,000 shares (INR2,970.11 – 3,326.53 crore)
Offer For Sale	594,023,000 shares (INR1,485.06 – 1,663.26 crore)
Total IPO size	INR4,455.17 – 4,989.79 crore
Minimum bid (lot size)	575 shares
Face Value	INR10 per share
Retail Allocation	35%
Listing On	NSE, BSE

IRFC Contact Details

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 2290 0600
Email: [email protected]
Website: www.railtelindia.com