Indian Railway Finance Corporation (IRFC) IPO Review

IPO Status: Open [18th Jan 2021 to 20th Jan 2021]

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About IRFC IPO

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.

  • Incorporated Year: 1986
  • Sector: Railway
  • Website: www.irfc.nic.in
  • Issue Size: Rs.4,633.38 Cr

About Company – Indian Railway Finance Corporation

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.

IRFC IPO Objective

The net proceeds from the IRFC IPO will be used towards the following objectives:

  • To raise equity capital base to meet future capital requirements for the business.
  • To meet general corporate purposes.

IRFC IPO Issue break-up

Issue break-up
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%

IRFC IPO Details

IRFC IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

IRFC IPO Details
IRFC Issue Details Values
IPO Category: Mainline
IPO Issue Type: Book Built Issue IPO
IPO Issue Size: 1,782,069,000 Equity shares of Rs. 10 each {Aggregating to ₹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
IPO Issue Price: ₹25-26
Market Lot 575 Shares:
Min Retail Qty: 575 shares (1 lot)
Max Retail Qty: 7475 shares (13 los)
Promoter Holding Pre IPO: 100%
Promoter Holding Post IPO: 86%
IPO Listing At: BSE, NSE

IRFC Financials for past 3 Years

Past performance and financial results of IRFC.

IRFC financial
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

IRFC IPO Strengths

  • Leading role in financing the Indian Railways.
  • Strong credit rating by rating agencies like CRISIL, ICRA, etc.
  • Competitive borrowing cost benefits from a diversified funding sources.
  • Cost plus model and sound IRFC financial track record.
  • Low-risk business model and experienced management.

IRFC IPO Threats/Weaknesses

  • Significant revenue dependence over the Indian Railways.
  • Growth dependency on the Indian railway sector.
  • Regulatory changes in the standard lease agreement.
  • Inability to get a diverse sources of funds at low costs will affect margins.

IRFC IPO Important Dates

In this section we have covered all important dates related to IRFC IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

IRFC IPO important dates
IPO Activity Date
IPO Issue Open Date 18th Jan 2021
IPO Issue Close Date 20th Jan 2021
Basis of Allotment Finalisation Date* 25th Jan 2021
Refunds Initiation* 27th Jan 2021
Credit of Shares to Demat Account* 28th Jan 2021
IPO Listing Date* 29th Jan 2021

* - Tentative Dates

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@
  NRI Form ⇒

IRFC IPO DRHP >>Document

IRFC IPO RHP >>Document

IRFC IPO Allotment Status >>IRFC IPO Allotment is not declared yet, we will provide the link for status once allotment is out.

Company Address

Indian Railway Finance Corporation
UG-Floor, East Tower, NBCC Place, Bisham Pitamah Marg,
Pragati Vihar, Lodhi Road,
New Delhi - 110 003, India
Website: www.irfc.nic.in
Email: [email protected]
Phone: 91 (11) 2436 9766

Registrar

KFin Technologies Private Limited
Selenium Tower-B, Plot 31 & 32, Gachibowli Financial District,
Nanakramguda, Serilingampally, Hyderabad 500 032,
Telangana, India
E-mail: [email protected]

Lead Manager

  1. IDFC Securities Limited
  2. HSBC Securities and Capital Markets (India) Private Limited
  3. ICICI Securities Limited
  4. SBI Capital Markets Limited
IRFC IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for IRFC? Should I apply in IRFC IPO?

Last Updated on 2021-01-15T09:35:59+00:00

IRFC IPO FAQs

  1. 1. How to subscribe IRFC IPO with Zerodha?

    Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase IRFC IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply IRFC IPO with Zerodha.

    Alternate approch to apply in IRFC IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

    IRFC IPO Review and Important Updates

    Other relevant questions :

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  2. 2. How to apply in IRFC IPO online?

    Apply in IRFC IPO online

    To subscribe or apply in IRFC IPO, you can use the following methods:

    IRFC IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in IRFC IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online provides access to applying in IRFC IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

    Online ApplicationASBA

    This is one of the most popular mode of applying in IRFC IPO. Most of the Syndicate Banks provide access to apply in IRFC IPO via ASBA process. You must have your net banking access, DP ID information to apply in IRFC IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

    Offline ApplicationPhysical Form

    You can apply in IRFC IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

    IRFC IPO Review and Important Updates

    Other relevant question on same topics are:

    Where to subscribe IRFC IPO? Where to apply for IRFC IPO? How to subscribe IRFC IPO online? IRFC IPO where to apply? Where to buy IRFC IPO online? How to buy IRFC IPO online? How to purchase IRFC IPO? How to get IRFC IPO? How to book IRFC IPO? How to invest IRFC IPO? IRFC IPO kaise buy kare?

     

  3. 3. How to download online application form for IRFC IPO?

    Applying in IRFC IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download IRFC IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

    For more details on how to use UPI payment method to apply IRFC IPO, please refer article >> Link

    IRFC IPO Review and Important Updates

    Steps to download the online application form for IRFC IPO

    • Step1:Click here.
    • Step2: Click on “Bid-cum Application Form Download
    • Step3: Above Step will open an online form.
    • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
    • Step5: Fill bid details - min 575 and max 7475 shares (13 los).
    • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
    • Step7: This will fill your application online and give you a pdf file.
    • Step8: Take a print of this document and go to your bank for UPI transactions.
    • Or

    • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

    Other relevant questions:

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  4. 4. What is the listing date of IRFC IPO?

    IRFC IPO is going to be list on 29-01-2021.

    Other relevant questions:

    When IRFC IPO will be listing? IRFC IPO listing date?IRFC IPO date of listing

     

  5. 5. When IRFC IPO will be allocated?

    IRFC IPO Allotment Date is 25-01-2021.

    Other relevant questions:

    IRFC IPO share allotment date?IRFC IPO allotment date?

     

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User Comments

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5. Ankit Singh  12/6/2020 12:19:23 AM Reply
IRFC IPO expected listing gain.
avatar
4. Babubhai  12/6/2020 12:19:23 AM Reply
Please confirm IRFC IPO GMP (grey market premium) and kostak.
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3. Henry  12/6/2020 12:19:23 AM Reply
IRFC IPO good or bad.
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2. JI  12/6/2020 12:19:23 AM Reply
IRFC IPO whether to invest or not.
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1. Padmini anil kokare  12/6/2020 12:19:23 AM Reply
IRFC IPO - CRISIL Rating, Apply or not?.

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