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IPO Status: Listed [18th Jan 2021 to 20th Jan 2021]
| IPO Issue Opening Date: | 18th Jan 2021 |
| IPO Issue Closing Date: | 20th Jan 2021 |
| IPO Issue Price: | ₹25-26 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | 50.01 |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹4,633.38 Cr |
| Offer for Sale: | 594,023,000 Equity shares of Rs. 10 each |
| Fresh Issue: | 1,188,046,000 Equity shares of Rs. 10 each |
| Face Value: | ₹10 Per Equity Share |
| Promoter Holding Pre IPO: | 100% |
| Promoter Holding Post IPO: | 86% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543257 |
| NSE Code: | IRFC |
Get important updates regarding IRFC IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 25th Jan 2021 |
| Refunds Initiation* | 27th Jan 2021 |
| Credit of Shares to Demat* | 28th Jan 2021 |
| IPO Listing Date* | 29th Jan 2021 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹25-26 |
| Market Lot: | 575 Shares |
| 1 Lot Amount: | ₹14950 |
| Min Small HNI Lots(2-10 Lakh): | 8050 shares(14 lots) |
| Min Big HNI Lots(10+ Lakh): |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 29-01-2021 | 26 | 0 | -- | ₹26 (1%) | 29-Jan-2021 9:29 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Another public-entity, the Indian Railway Finance Corporation (IRFC) IPO will be open for subscription on 18 Jan and closes on 20 Jan 2021. The company is coming with a first-time public share offering of 1,782,069,000 equity shares of Rs. 10 each with a total issue size of Rs. 4,633.38 Cr. The IPO price band is Rs. 25 - Rs.26 and market lot is 575 shares. IPO floor (minimum) price is 2.5 times and IPO cap (maximum price) is 2.6 times of the face value. Stay tuned with us to know the IRFC IPO issue size, fresh issue, offer for sale, IPO lot size (minimum number of shares), IRFC company financial, strengths, weaknesses, and more.
Founded in 1986, Indian Railway Finance Corporation (IRFC) is the finance arm of the Indian Railways. The key business activities of IRFC is to finance the rolling stock assets acquisition including powered as well as unpowered vehicles i.e. coaches, trucks, electric multiple units, wagons, locomotives, flats, trollies, cranes, and other rolling stock components. IRFC follows the leasing model to finance the rolling stock assets as well as project assets.
The primary goal of IRFC is to meet the budgetary requirement of Indian Railways through borrowing from different sources i.e. equity financing, bond issuance, term loans etc. It borrows money from domestic as well as overseas markets to collect funds at the most competitive rates.
It is also engaged in lending activities to entities such as the Ministry of Railway (MoR), Railtel Corporation of India, Rail Vikas Nigam Limited, Konkan Railway Corporation Limited, Pipavav Railway Corporation Limited, etc.
| Incorporation | Sector | IPO Issue Size | Website |
| NULL | NULL | ₹4,633.38 Cr | www.irfc.nic.in |
The net proceeds from the IRFC IPO will be used towards the following objectives:
| Category | No. of Shares | Upper end ₹ in Cr | % |
|---|---|---|---|
| QIB | 890,934,500 | 2,316.43 | 50% |
| NIB | 267,280,3500 | 694.93 | 15% |
| Retail | 623,654,150 | 1,621.50 | 35% |
| Employee | 200,000 | 0.52 | |
| Total | 1,782,069,000 | 4,633.38 | 100% |
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | EMP | Total | |
|---|---|---|---|---|---|---|
| # of Shares Offered | 356,375,339 (28.57%) | 267,281,504 (21.43%) | 623,656,843 (49.99%) | 192,307 | 1,247,505,993 | |
| 1 | 19th Jan 2021 05:02 | 0.00x | 0.24x | 2.33x | 27.41x | 1.22x |
| 2 | 18th Jan 2021 05:02 | 0.00x | 0.20x | 1.22x | 25.77x | 0.66x |
| 3 | 20th Jan 2021 07:51 | 3.78x | 2.67x | 3.66x | 43.76x | 3.49x |
| IRFC IPO Financials | 30-Sep-2020 | 31-Mar-2020 | 31-Mar-2019 | 31-Mar-2018 |
|---|---|---|---|---|
| Total Assets | ₹2,91,986.58 Cr | ₹2,75,504.13 Cr | ₹2,06,438.23 Cr | ₹1,61,451.04 Cr |
| Total Income | ₹7,384.83 Cr | ₹13,421.09 Cr | ₹10,987.36 Cr | ₹9,207.84 Cr |
| Net Profit/Loss | ₹1,886.84 Cr | ₹3,192.10 Cr | ₹2,139.93 Cr | ₹2,001.46 Cr |
Last Updated on 10-Feb-2021 23:02:55
