IRFC IPO Details – Review and Analysis

IRFC IPO Details ( Find IPO Date, Price, Live Subscription, Allotment, Grey Market Premium GMP, Listing Date, Analysis and Review ) and Process to apply it.

Company was incorporated as Indian Railway Finance Corporation Limited on December 12, 1986, as a public limited company under the Companies Act, 1956. The Company is dedicated market borrowing arm of the Indian Railways and are wholly-owned by the Government acting through the MoR and registered with the RBI as an NBFC-ND-IFC. Company primary business is financing the acquisition of Rolling Stock Assets and Project Assets of the Indian Railways and lending to other entities under the MoR. Over the last three decades, we have played a significant role in supporting the capacity enhancement of the Indian Railways by financing a proportion of its annual plan outlay.

The objective of the business model is achieved both by collecting contractual cash flows and selling the financial assets, And extend debt financing to Other PSU Entities consistent with our objective of being the principal source of finance for the Indian Railways

In addition, the Government of India (GoI) influences the operations through various departments and policies. Company business is
dependent, directly and indirectly, on the policies and support of the GoI, in many significant ways, including with respect to the cost of company capital, the financial strength of the MoR (Ministry of Railway).

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Key Strengths :

  • Company were incorporated as the dedicated market borrowing arm for the Indian Railways and have played a strategic role in financing the operations of the Indian Railways.
  • The extensive expansion plans of the Indian Railways in the future will involve significant financing, and there operations, as a primary financing source for the Indian Railways, will increase significantly.

OBJECTS OF THIS ISSUE :

The Offer for Sale : The proceeds of the Offer for Sale shall be received by the Selling Shareholder only and our Company will not receive any proceeds from the Offer for Sale.

The Fresh Issue : The Net Proceeds are proposed to be utilized towards funding of the following objects –

  • Augmenting our equity capital base to meet our future capital requirements arising out of growth in our business
  • And General corporate purposes.

BUSINESS SEGMENTS:

Financing as NBFCCompany primary business is financing the acquisition of Rolling Stock Assets and Project Assets of the Indian Railways and lending to other entities under the MoR.

IRFC IPO Details Snapshot:

IPO Subscription DatesJan 18, 2021 – Jan 20, 2021
Price Band₹25 to ₹26 per equity share
Issue SizeInitial Public offer up to 1,78,20,69,000 equity shares of face value of Rs. 10 each (Equity Shares) comprising of a fresh issue of up to 1,18,80,46,000 Equity Shares (Fresh Issue) and an offer for sale of up to 59,40,23,000 Equity Shares
Fresh issue1,18,80,46,000 Equity Shares
Offer For Sale (OFS)59,40,23,000 Equity Shares
Minimum bid (lot size)575 Shares
Face Value ₹10 per equity share
Listing AtNSE, BSE

IRFC IPO Details – Tentative Date and Timetable:

Bid/Offer Open dateJan 18, 2021
Bid/Offer Close dateJan 20, 2021
Finalization of Basis of AllotmentJan 25, 2021
Initiation of RefundsJan 27, 2021
Credit of Shares to Demat AccountJan 28, 2021
IPO Share Listing DateJan 29, 2021

IRFC IPO Details – Lot Size and Price Detail :

Application LotsSharesAmount (Cut-off)
Minimum 1575₹14,950
Maximum 137475₹194,350

Indian Railway Finance Corporation Limited company Details:

PROMOTERSThe President of India acting through the Ministry of Railways (MoR)
SECTORFinance
IPO RegistrarKFin Technologies Private Limited
FOUNDEDIncorporated in December 12, 1986
WEBSITEwww.irfc.nic.in

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How to apply in Antony Waste Handling Cell ltd IPO through Angel Broking mobile application ?

Angel Broking

1st Step:

Login into your Angel Mobile application and click on 3 strip and select IPO option under Trade.

2 nd Step:

Click on Apply Button

3rd Step:

Fill the number of lots, id number select the UPI type and click Invest.

Note :

Now your order is placed and you need to approve your payment request through your UPI ID bank.


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