Indian Railway Finance Corporation

Indian Railway Finance Corporation (IRFC) IPO: After the year 2020, now get ready to earn from the IPO market in 2021. The first IPO of this year is coming with the Indian Railway Finance Corporation (IRFC For the primary time, it’ll happen that an IPO of a PSU NBFC company is coming). This IPO is  open for investment from January 18 to January 20. IRFC plans to boost Rs 4600 crore from the market. The corporate has fixed the worth band for IPO at Rs 25-26 per share. If you’re also able to earn from the IPO market within the New Year , then know every detail of this issue.

Also, read IPO 2021 and become able to earn ‘tight pocket’, these 12 IPOs are going to be available subsequently for few months.

How many new shares are going to be issued?

This IPO is going to be of 178.20 crores shares. In this, 118.80 crore new shares are going to be issued, while the govt will bring a sales offer of 59.40 crores. IRFC had submitted the documents for the IPO on 18 January 2020.

Price band, launch date

The price band for the IPO of IRFC has been fixed at Rs 25-26 per share. IRFC’s IPO are going to be launched on January 18. You can invest in it till 20 January.

How much investment will be needed to make?

In this issue, it’ll be necessary to bid for a minimum of 575 equity shares. meaning there’ll be tons of 575 shares. Money is often put in an IPO for a maximum of 13 lots. Within the IPO of IRFC, 50 percent of the difficulty is reserved for qualified institutional buyers (QIB). While 15 percent for non-institutional buyers. 35 percent of it is reserve for retail investors.

Company strength

Strategic role within the growth of Indian Railways

Strong credit rating; CRISIL: AAA / A1 + and ICRA: AAA / A1 +.

Strong Financial Performance and Sound Asset Liability Management

Experienced Management Team

About the corporate

IRFC was formed in 1986 and acts as a fanatical financial arm for the Indian Railways. The corporate also raises funds for the railway from domestic and foreign markets. Extra budgetary expenses for the railways are arranged by the corporate . In 2017, the Union Cabinet had approved 4 more companies associated with IRFC and Railways to be listed within the market.

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