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