IRFC IPO Details, VIew , Review, GMP

IRFC IPO description – 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

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

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