Indian Railway Finance Corporation Limited IPO (IRFC IPO) Detail

Indian Railway Finance Corporation (IRFC) formed into a legal organization in 1986. IRFC is Fully owned by the government of India as a public sector company. Main works of IRFC includes leasing railway Infrastructure, to give loan to entities under the Ministry of Railways and financing the acquisition of rolling stock assets. Indian Railway Finance Corporation helps the Ministry of Railways(MOR) in raising a good amount of funds for obtaining rolling stock assets like trucks, wagons, coaches, locomotives, electric multiple units, etc., and also helps IRFC in its improvement, asset management, and for expansion. IRFC IPO is coming for gathering funds that can be used in the future for companies growth.

It follows a monetary(financial) renting model to fund rolling stock assets acquirement for a rent time of 30 years. In monetary(fiscal) 2019, the real capital consumptions by the Indian Railways were around Rs. 1,334 billion, out of which Indian Railway Finance Corporation (IRFC) financed Rs. 525.35 bn representing 39.34% uses.

Companies Strengths:

1) Aggressive cost of borrowings.

2) Stisfactory Credit Ratings like  ICRA AAA/A1+ & CRISIL AAA/A1+.

3) Good and strategic role in the growth of Indian railways.

4) Superior financial performance.

5) Nice management of asset-liability.

6) Expert Management Team.

IRFC IPO Details:

Opening Date18 JANUARY 2021
Closing Date20 JANUARY 2021
Type of IssueBook Built Issue IPO
Size of Issue1,782,069,000 – Equity Shares
(aggregating up to ₹ 4,633.38  Cr)
Fresh Issue1,188,046,000 – Equity Shares
(aggregating up to ₹ Cr)
Offer for Sale594,023,000 Equity Shares
(aggregating up to ₹ Cr)
Listing AtBSE, NSE
Face ValueRs.10 per eq. share
IPO PriceRs. 25-26
Market Lot575 Shares
Minimum Order Quantity575 Shares

IRFC IPO Tentative Time-Table:

Opening Date18 JANUARY 2021
Closing Date20 JANUARY 2021
Allotment Date25 JANUARY 2021
Refund Initiations27 JANUARY 2021
Share Credit in Demat Account28 JANUARY 2021
IPO Listing29 JANUARY 2021

Companies Financials

30-September-2031-March-2031-March-1931-March-18
Assests29,19,865.8127,55,041.2920,64,382.9516,14,510.41
Revenue73,848.291,34,210.901,09,873.5592,078.39
Profit After Tax18,868.4131,920.9621,399.3320,014.60
₹ In Lakhs.

Grey Market Premium (GMP | IRFC IPO GMP) :

  • Grey market premium on 19 January 2021 is Rs1.50
  • Grey market premium on 18 January 2021 is Rs1.50
  • Grey market premium on 17 January 2021 is Rs1.50
  • Grey market premium on 16 January 2021 is Rs1.50-2
  • Grey market premium on 15 January 2021 is ₹2-3.
  • Grey market premium on 14 January 2021 is ₹2-3
  • Grey market premium on 13 January 2021 is ₹2-3

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