Indian Railway Finance Corporation Limited
- IPO Date18 Jun, 2021 to 20 Jan, 2021
- Listing Date29 Jan, 2021
- Face Value₹10 per share
- Issue Price₹25 to ₹26 per share
- Lot Size575 Shares
- Minimum Investment₹14,950
- Listing AtBSE, NSE
- Total Issue Size1,78,20,69,000 Shares
(aggregating up to ₹4633.38 Cr) - Fresh Issue1,18,80,46,000 Shares
(aggregating up to ₹3088.92 Cr)
- Offer for Sale59,40,23,000 Shares
(aggregating up to ₹1544.46 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue-
- Shareholding post issue-
IPO Dates
Closing Date
20 Jan, 2021
Initiation of Refunds
28 Jan, 2021
Listing Date
29 Jan, 2021
18 Jun, 2021
Opening Date
25 Jan, 2021
Basis of Allotment
28 Jan, 2021
Credit of Shares
Indian Railway Finance Corporation Limited Lot Size
Investors can bid for a minimum of 575 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 13 | 7475 | ₹1,94,350 |
| Retail (Min) | 1 | 575 | ₹14,950 |
Indian Railway Finance Corporation Limited Promoter Holding
The President of India acting through the Ministry of Railways (MoR) is the promoter of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 86% |
Indian Railway Finance Corporation Limited COMPANY INFORMATION
IRFC IPO is a book built issue of Rs 4,633.38 crores. The issue is a combination of fresh issue of 118.8 crore shares and offer for sale of 59.4 crore shares. IRFC IPO bidding started from January 18, 2021 and ended on January 20, 2021. The allotment for IRFC IPO was finalized on Monday, January 25, 2021. The shares got listed on BSE, NSE on January 29, 2021. IRFC IPO price band is set at ₹25 to ₹26 per share. The minimum lot size for an application is 575 Shares. The minimum amount of investment required by retail investors is ₹14,950. Hsbc Securities & Capital Markets Pvt Ltd, ICICI Securities Limited, Idfc Bank Limited and SBI Capital Markets Limited are the book running lead managers of the IRFC IPO, while Kfin Technologies Limited is the registrar for the issue. Refer to IRFC IPO RHP for detailed information.
Incorporated in 1986, the Indian Railway Finance Corporation (IRFC) is a public-sector enterprise that is wholly-owned by the Government of India. IRFC is primarily engaged in financing the acquisition of rolling stock assets, leasing of railway infrastructure assets, and lending to entities under the Ministry of Railways (MoR). Being the borrowing arm of Indian Railways, IRFC is responsible to raise funds for MoR that is required to procure rolling stock assets (wagons, trucks, electric multiple units, locomotives, coaches), its improvement, expansion, and assets management.
It follows a financial leasing model to finance rolling stock assets procurement for a lease period of 30 years. In fiscal 2019, the actual capital expenditures by the Indian Railways were Rs. 1,334 billion, out of which, IRFC financed Rs. 525.35 bn accounting for 39.34% expenditures.
Competitive strengths
- Strategic role in Indian Railways growth.
- Sound credit rating i.e. CRISIL AAA/A1+ and ICRA AAA/A1+.
- Competitive cost of borrowing.
- Strong financial performance.
- Sound asset-liability management.
- Experienced management team.
FAQs About Indian Railway Finance Corporation Limited
Indian Railway Finance Corporation Limited will open on 18 Jun, 2021 and close on 20 Jan, 2021. Investors must apply within this period to participate.
The Indian Railway Finance Corporation Limited price band is set between ₹25.00 and ₹26.00 per share. The minimum lot size is 575, requiring an investment of at least ₹14950.00.
The Indian Railway Finance Corporation Limited shares are expected to be listed on 29 Jan, 2021, subject to regulatory approvals and final allotment.
You can track your Indian Railway Finance Corporation Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Indian Railway Finance Corporation Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.