IRFC IPO may launch in 2020. The Indian Railway Finance Corporation (IRFC) was founded on December 12, 1986 with the objective of financing Indian Railways by raising capital from domestic and foreign markets.
Over the last 30 years, the IRFC has been instrumental in expanding Indian Railways across the country by providing ample financial support to Indian Railways.
IRFC has provided Rs 1.80 lakh crore to Indian Railways till March 2017 and Rs 2.20 lakh crore till 2018. The funds were used to strengthen the infrastructure as well as to carry freight cars, passenger coaches and wagons for the railways
Indian Railway Finance Corporation Limited is subsidiary of Indian railways. Head office located in New Delhi. IRFC is the backbone of Indian railways.
Key Points
Fully Owned by Government of India.
No Competitions.
Profit Making Company.
IRFC IPO Issue Details
Issue
Details
Name
IRFC
Issue Opens
18 Jan 2021
Issue Closes
20 Jan 2021
Exchange
NSE, BSE
Face Value
₹10 per equity share
IPO Type
Book Built Issue IPO
Fresh Issue
1,188,046,000 Equity shares (₹2,970 – 3,326 cr)
No. of shares on offer (crore)
594,023,000 Equity shares (₹1,485 – 1,663 cr)
Price Band
₹ 25 to ₹ 26 Per share
Issue Size (crore)
₹4,455.17 – 4,989.79 cr
QIB (%)
50%
Retail (%)
35%
NII (%)
10%
Minimum Lot Size
Min. 575 Shares (1 Lot)
Maximum Lot Size
Max. 7475 Shares (13 Lot)
Minimum Order Quantity
Min. 575 Shares (1 Lot)
Employee Discount
[●] per Equity Share
IRFC IPO Issue Size
Issue
1,188,046,000 Equity shares
Fresh Issue
Up to 938,046,000 Equity Shares
Offer for Sale
594,023,000 Equity shares
Shareholding Pattern (%)
Share Holders
Pre-Issue
Post-Issue
Promoter Group
100.0%
86%
Public/Other
0.0
14%
IRFC Financial Details (INR ₹ Million,)
₹ Crore
FY17
FY18
FY19
H1 FY2020
Total Revenue
80,133.58
92,671.44
111,323.21
66,572.47
Net Worth
121,599.46
139,287.69
185,855.12
200,491.03
Profit
9,211.71
20,490.86
22,546.61
17,147.96
Earnings per share (EPS)
1.41
3.14
3.43
1.83
Total borrowings
1,055,892.86
1,340,055.27
1,739,326.75
1,846,316.53
Valuation of IRFC (FY2020)
Earnings Per Share (EPS): ₹3.40
Price/Earnings (PE ratio): 7.35 – 8.23
Return on Net Worth (RONW): 11.57%
Net Asset Value (NAV): ₹25.50 per share
IRFC Company Contact Information
Contact Details
Registrar
Indian Railway Finance Corporation Limited UG-Floor, East Tower, NBCC Place, Bisham Pitamah Marg, Pragati Vihar, Lodhi Road, New Delhi-110003;
Indian Railway Finance IPO Grey Market Price (GMP) Updates
Date
GMP
Kostak Rate
Sauda
18-01-2021
₹1.50-2
₹400
₹800
01-01-2021
₹2-3
₹550
NA
FAQs for IRFC IPO
1.What is IRFC IPO? Ans: This IPO offer by IRFC Hospitality Limited. company planning to expand capital by listing on nse and bse.
2.How do I apply for the IRFC IPO? Ans: Anyone having demat account are eligible for application. There are two method available for application. ASBA Payment Method : The net-banking facility available for online IPO application. UPI Payment Method: By using UPI payment method for application process.
3.What is the IRFC IPO issue date? Ans: IRFC IPO issue period is from 18 Jan 2021 to 20 Jan 2021.
4.What is the IRFC IPO allotment date? Ans: Allotment date is 25 Jan-2021 and share will transfer to your demat account on 28 Jan-2021.
5.What if IRFC IPO Shares not allotted to me? Ans: Suppose IRFC shares not allotted to you than refund will be credited to your linked bank account.
6.How to Apply IRFC IPO through Zerodha? Ans: Zerodha customers can apply for IRFC through UPI’s payment gateway by Zerodha Console. Pls follow Below steps
login to console.zerodha.com
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Get the list of current listed IPOs.
You can apply for an IPO online.
7.What is the IRFC IPO Listing date? Ans: Listing date for this IPO is 29 Jan 2021.
8.Is there any other IRFC IPO Listing later this year? Ans: There is no such information available regarding the further listing of State bank of India IPO.
9.Will I get a discount if I am IRFC Employee? Ans: IPO details not yet announced.
09.What is the Lot Size of IRFC IPO? Ans: Minimum 575 shares (1 lot) and maximum 5475 shares of lot size is available. One share price is ₹.26 so 1 lot of 575 shares will be ₹ 14950.
10.What is the face value of IRFC IPO? Ans: Face value is ₹.10 Per Equity Share.
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