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).
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.
|Financing as NBFC||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.|
IRFC IPO Details Snapshot:
|IPO Subscription Dates||Jan 18, 2021 – Jan 20, 2021|
|Price Band||₹25 to ₹26 per equity share|
|Issue Size||Initial 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 issue||1,18,80,46,000 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 At||NSE, BSE|
IRFC IPO Details – Tentative Date and Timetable:
|Bid/Offer Open date||Jan 18, 2021|
|Bid/Offer Close date||Jan 20, 2021|
|Finalization of Basis of Allotment||Jan 25, 2021|
|Initiation of Refunds||Jan 27, 2021|
|Credit of Shares to Demat Account||Jan 28, 2021|
|IPO Share Listing Date||Jan 29, 2021|
IRFC IPO Details – Lot Size and Price Detail :
|Application Lots||Shares||Amount (Cut-off)|
Indian Railway Finance Corporation Limited company Details:
|PROMOTERS||The President of India acting through the Ministry of Railways (MoR)|
|IPO Registrar||KFin Technologies Private Limited|
|FOUNDED||Incorporated in December 12, 1986|
List of IPOs in 2020 :
|Issuer Company||Exchange||Open||Close||Lot Size||Issue Price||Issue Size in Rs Cr|
|Antony Waste Handling Cell ltd||BSE, NSE||Dec 21, 2020||Dec 23, 2020||47||₹313 to ₹315||₹300 Cr|
|Mrs. Bectors Food Specialities Limited IPO||BSE, NSE||Dec 15, 2020||Dec 17, 2020||50||286 to 288||540.54|
|Burger King India Limited IPO||BSE, NSE||Dec 2, 2020||Dec 4, 2020||250||60||810|
|Net Pix Shorts Digital Media Limited IPO||BSE SME||Nov 18, 2020||Nov 23, 2020||4000||30||2.7|
|Gland Pharma Limited IPO||BSE, NSE||Nov 9, 2020||Nov 11, 2020||10||1500||6,479.55|
|Shine Fashions (India) Ltd IPO||BSE SME||Oct 22, 2020||Oct 26, 2020||3000||40||1.6|
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|Atam Valves Ltd IPO||BSE SME||Sep 18, 2020||Sep 25, 2020||3000||40||4.5|
|Equitas Small Finance Bank Ltd IPO||BSE, NSE||Oct 20, 2020||Oct 22, 2020||450||33||517.6|
|Likhitha Infrastructure Ltd IPO||BSE, NSE||Sep 29, 2020||Oct 7, 2020||125||120||61.2|
|Mazagon Dock Shipbuilders Limited IPO||BSE, NSE||Sep 29, 2020||Oct 1, 2020||103||145||443.69|
|UTI Asset Management Company Ltd IPO||BSE, NSE||Sep 29, 2020||Oct 1, 2020||27||554||2,159.88|
|Angel Broking Ltd IPO||BSE, NSE||Sep 22, 2020||Sep 24, 2020||49||306||600|
|SecMark Consultancy Limited IPO||Sep 18, 2020||Sep 23, 2020||1000||135||15.04|
How to apply in Antony Waste Handling Cell ltd IPO through Angel Broking mobile application ?
Login into your Angel Mobile application and click on 3 strip and select IPO option under Trade.
2 nd Step:
Click on Apply Button
Fill the number of lots, id number select the UPI type and click Invest.
Now your order is placed and you need to approve your payment request through your UPI ID bank.
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