IRFC IPO Reviews, Dates, Allotment, Lot Size, Subscription & Expert Analysis

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

IssueDetails
NameIRFC
Issue Opens18 Jan 2021
Issue Closes20 Jan 2021
ExchangeNSE, BSE
Face Value₹10 per equity share
IPO TypeBook Built Issue IPO
Fresh Issue1,188,046,000 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 SizeMin. 575 Shares (1 Lot)
Maximum Lot SizeMax. 7475 Shares (13 Lot)
Minimum Order QuantityMin. 575 Shares (1 Lot)
Employee Discount[●] per Equity Share

IRFC IPO Issue Size

Issue 1,188,046,000 Equity shares
Fresh IssueUp to 938,046,000 Equity Shares
Offer for Sale594,023,000 Equity shares

Shareholding Pattern (%)

Share HoldersPre-IssuePost-Issue
Promoter Group100.0%86%
Public/Other0.014%
Indian Railway Finance IPO

IRFC Financial Details (INR Million,)

₹ CroreFY17FY18FY19H1 FY2020
Total Revenue80,133.5892,671.44111,323.2166,572.47
Net Worth121,599.46139,287.69185,855.12200,491.03
Profit 9,211.7120,490.8622,546.6117,147.96
Earnings per share (EPS)1.413.143.431.83
Total borrowings1,055,892.861,340,055.271,739,326.751,846,316.53

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 DetailsRegistrar
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 9766Phone: +91 40 6716 2222
Email: dgmcs@irfc.nic.inEmail:
einward.ris@kfintech.com
Investor grievance: irfc.ipo@kfintech.
Websitewww.irfc.nic.inWebsitewww.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.

NSEBSE
Listing Date20202020
IPO Price₹ [●]₹ [●]
Open₹ [●]₹ [●]
High₹ [●]₹ [●]
low₹ [●]₹ [●]
Close₹ [●]₹ [●]
Volume
Listing Day P/L

Analyst Reviews.

BP Wealth – SubscribeDilip Davda – Subscribe
Choice Broking – SubscribeInvestmentz Ltd – Subscribe
LKP Securities – Subscribe
GEPL Capital – Subscribe

IRFC IPO Reviews & Ratings Segment Wise

BenchmarksRatings
Business Model4.5/5
Industry Analysis4.5/5
Competitive Advantage4/5
Management4.5/5
Corporate Governance4/5
Company Reports4.5/5
Evaluate Balance Sheets4/5
Financial Performance4.5/5
Quality Of Earnings4.8/5
Top Broker Reviews4.4/5
Overall4.6/5

Subscription Details

CategoryOffered SharesDAY 1DAY 2DAY 3
QIB356,375,339
NII267,281,504
Retail623,656,843
Employee192,307
Total1,247,505,993

IRFC IPO Lead Managers

Lead ManagersLead 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

DateGMPKostak RateSauda
18-01-2021₹1.50-2₹400₹800
01-01-2021₹2-3₹550NA

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: [●]

IRFC IPO full form Indian Railway Finance Corporation Limited IPO

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