IRFC IPO – Indian Railway Finance Corporation IPO

Subscription for IRFC (Indian Railway Finance Corporation) IPO begins on January 18, 2021. The three days subscription window will remain open until January 20, 2021. In the first big IPO launch of the new year, IRFC plans to divest 1,782,069,000 equity shares aggregating up to Rs 4,633.38 crores.

Indian Railway Finance Corporation IPO

Issuer

Indian Railway Finance Corporation

IPO Date : 18th January 2021 - 20th January 2021
Price Band
₹25 - ₹26 per equity share

Issue Size
₹ 4,455 Cr. - ₹ 4,633 Cr.

Face Value
₹10 per equity share

Market Lot
575 Shares

Listing At
NSE,BSE
₹0 Free Equity Delivery
₹20/- For Intraday, F&O, Currencies & Commodities

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INDIAN RAILWAY FINANCE CORPORATION INFORMATION

IRFC is a public-sector enterprise under the Ministry of Railway (MOR), primarily engaged in financing acquisition of rolling stock assets, leasing railway infrastructure, and lending to entities under MOR. The unit is responsible for raising funds to finance various MOR projects.

The role of IRFC is critical to the growth of Indian Railways. In 2019 fiscal, IRFC financed Rs. 525.35 billion to Indian Railways, accounting for 39.34 percent of its total expenditure of Rs. 1,334 billion.

The IPO size contains both fresh shares and offer for sale equities. IRFC proposes to utilise the fund to enhance its equity capital base to meet future capital requirements arising from business expansion.

Competitive strength

  • A wholly government-owned institution, critical to the growth of Indian Railways
  • Robust financial performance
  • Sound rating by credit agencies; CRISIL AAA/A1+ and ICRA AAA/A1+
  • Strong asset-liability position
  • Experienced management

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How to apply for Indian Railway Finance Corporation IPO :


- If you are already a client of Angel Broking, apply directly for Indian Railway Finance Corporation IPO, click here.

- If you’re a new investor Open DEMAT Account for free with Angel Broking and build wealth with the best stock choices. Join our 1 million+ family of happy customers.

Indian Railway Finance Corporation IPO FAQs

What is an IPO?

IPO refers to a process of releasing company shares to general investors to seek listing with the stock exchange. Share issuance allows corporate to raise capital from private investors by selling a portion of company ownership.

What is the IRFC IPO?

Government-owned IRFC (Indian Railway Financial Corporation) plans to divest 1,782,069,000 equity shares. It will raise Rs 4,633.38 crores from the market at face value of Rs 10 per share.

The offer includes 1,188,046,000 fresh shares and offer for sale of 594,023,000 equities.

How to apply for IRFC IPO through Angel Broking?

Current clients of Angel Broking can apply from their client console of the website or mobile app. Upon logging in, they will find IRFC IPO in the list of all open IPO offers available for subscription. Open Angel Broking Demat account. Apply online.

When will IRFC IPO open?

The subscription window will remain open from January 18 to 20, 2021.

What is the lot size of IRFC IPO?

The minimum lot size is 575 shares. Retail individual investors can apply for up to 13 lots.

How to apply for IRFC IPO?

You can apply through brokers like Angel Broking or your bank, using their net banking platform. Once allotted, the shares will get credited to your Demat account. Open your first Demat with Angel Broking, Click here.

When will IRFC IPO get allocated?

The final date isn’t yet announced.

When is IRFC IPO listing date?

There is no update on listing date.

How to pay for IRFC IPO using UPI?

All retail-individual investors need to make payment for their bid through UPI. Link your bank account to UPI payment portals like BHIM or Google Pay. While making payment for IRFC IPO, you will receive a payment request in your UPI handle. Approve and make payment to complete the bidding process.

How will I receive the IRFC IPOs?

After the finalisation of basis of allotment process shares will get credited to your Demat account directly. Open free Demat account with Angel Broking. Click here.

How to apply for INDIAN RAILWAY FINANCE CORPORATION IPO

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