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
Indian Railway Finance CorporationIPO Date : 18th January 2021 - 20th January 2021
₹20/- For Intraday, F&O, Currencies & Commodities
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.
- 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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The offer includes 1,188,046,000 fresh shares and offer for sale of 594,023,000 equities.
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