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.
Table of contents
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; | KFin Technologies Private Limited Selenium Tower-B, Plot 31 & 32, GachibowliFinancial District, Nanakramguda, Serilingampally Hyderabad 500 032, Telangana, India |
| Phone: +91 (11) 2436 9766 | Phone: +91 40 6716 2222 |
| Email: dgmcs@irfc.nic.in | Email: einward.ris@kfintech.com Investor grievance: irfc.ipo@kfintech. |
| Website: www.irfc.nic.in | Website: www.kfintech.com |
IRFC IPO Allotment Status
- IPO Opening Date: 18 Jan 2021
- IPO Closing Date: 20 Jan 2021
- Final Allotment: 25 Jan 2021
- Refunds: 27 Jan 2021
- Transfer of shares to Demat accounts: 28 Jan 2021
- Share Credit to Demat Account: 28 Jan 2021
- Listing Date: 29 Jan 2021
Listing Day IRFC Performance.
| NSE | BSE | |
| Listing Date | 2020 | 2020 |
| IPO Price | ₹ [●] | ₹ [●] |
| Open | ₹ [●] | ₹ [●] |
| High | ₹ [●] | ₹ [●] |
| low | ₹ [●] | ₹ [●] |
| Close | ₹ [●] | ₹ [●] |
| Volume | ||
| Listing Day P/L |
Analyst Reviews.
| BP Wealth – Subscribe | Dilip Davda – Subscribe |
| Choice Broking – Subscribe | Investmentz Ltd – Subscribe |
| LKP Securities – Subscribe | |
| GEPL Capital – Subscribe |
IRFC IPO Reviews & Ratings Segment Wise
| Benchmarks | Ratings |
|---|---|
| Business Model | 4.5/5 |
| Industry Analysis | 4.5/5 |
| Competitive Advantage | 4/5 |
| Management | 4.5/5 |
| Corporate Governance | 4/5 |
| Company Reports | 4.5/5 |
| Evaluate Balance Sheets | 4/5 |
| Financial Performance | 4.5/5 |
| Quality Of Earnings | 4.8/5 |
| Top Broker Reviews | 4.4/5 |
| Overall | 4.6/5 |
Subscription Details
| Category | Offered Shares | DAY 1 | DAY 2 | DAY 3 |
|---|---|---|---|---|
| QIB | 356,375,339 | |||
| NII | 267,281,504 | |||
| Retail | 623,656,843 | |||
| Employee | 192,307 | |||
| Total | 1,247,505,993 |
IRFC IPO Lead Managers
| Lead Managers | Lead Managers |
|---|---|
| IDFC Securities Limited 6th Floor One Indiabulls Center, Tower 1C, 841, Jupiter Mills Compound Senapati Bapat Marg, Elphinstone Road, Mumbai 400 013 Telephone: +91 (22) 4222 2050 E-mail: irfc.ipo@idfc.com Investor grievance: investorgrievance@idfc. Website: www.idfc.com | HSBC Securities 52/60, Mahatma Gandhi Road, Fort, Mumbai-400001, Maharashtra, India Telephone: +91 (22) 2268 5555 E-mail: irfcipo@hsbc.co.in Investor grievance: investorgrievance@hsbc.co.in Website: www.business.hsbc.co.in |
| ICICI Securities Limited ICICI Center, H.T. Parekh Marg, Churchgate, Mumbai – 400020, Maharashtra, India Telephone: +91 (22) 2288 2460/70 E-mail: irfc.ipo@icicisecurities.com Investor grievance: customercare@icicisecurities.com Website: www.icicisecurities.com | SBI Capital Markets Limited 202, Maker Tower ‘E’, Cuffe Parade, Mumbai – 400 005, Maharashtra, India Telephone: +91 (22) 2217 8300 E-mail: irfc.ipo@sbicaps.com Investor grievance: investor.relations@sbicaps.com Website: www.sbicaps.com |
Company Promoters and Boards of Directors
| Chairpairson Smt. Manjula Rangarajan | Independent Directors Shri. Chetan Venugopa |
| Managing Director Shri. Amitabh Banerjee | Shri. Ashok Kumar Singhal |
| Direct Finance Shri. Niraj Kumar | Smt. Ray |
| Director Dr. Kumar V Pratap | Shri Devani |
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
- Portfolio<<IPOs
- 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.
11.What IRFC IPO symbols in NSE & BSE?
Ans: NSE: IRFC & BSE: [●], Group: [●]
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