Indian Railways Finance Corporation IPO Important Dates announcement

On 13th January 2021, the date of IRFC’s upcoming IPO revealed by the Secretary, Department of Investment and Public Assets Management. “IRFC coming up for listing with an Rs. 4600 cr+ issue in a price band of Rs. 25-26 share. The anchor will book on Jan 15 and the main book from Jan 18-20”, tweet by the secretary. Here in this post, you will know about the all-important dates of IRFC IPO.

Important Dates of IRFC IPO

With this IPO, The government plans to sell around 13.64% in the company to raise around Rs, 4633.38 crores at the upper end of the price band.

The bids for the issue can be made for a minimum of 575 shares and in multiples thereafter. Up to 50% of the net issue will be reserved for the Qualified Institutional Buyers (QIB) while the company has reserved not more than 35% of the issue for the retail investors and 15% of the issue will be reserved for the Non-Institutional category.

Here is the all Important Dates of IRFC IPO-

IRFC IPO Opening Date

The Indian Railways Finance Corporation Initial Public Offer will open on 18 January 2021. The IRFC IPO market lot size is 575 shares with a price band of Rs. 25-26 per share, having a face value of Rs. 10 each.

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IRFC IPO Closing Date

After the opening of the IRFC IPO, the same will continue for 3 days and will close on 21st January 2021. Here a retail-individual investor can apply for up to 13 lots (7475 shares or Rs. 1,94,350).

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IRFC IPO Allotment Date

After the application of subscription completed on 21st January 2021, the shares will be allotted on the allotment date which is 25 January 2021.

IRFC IPO Amount Refund Date

Allotment of shares in every IPO is done on a pro-rata basis, accordingly, for IRFC IPO some investors who had applied for the IPO and not get shares will get their freeze amount refunded to their bank a/c on 27 January 2021.

When will shares of IRFC IPO get credited to Demat A/c

The allotment of IRFC shares will be successful on 25th January 2021, against which shares of IRFC will get credited to the Demat a/c of investors on 28 January 2021.

What is the IRFC IPO Listing Date

The shares of the IRFC IPO will get listed on 29 January 2021. The listing of IRFC shares will be on National Stock Exchange (NSE) as well as the Bombay Stock exchange (BSE).

FAQs

  1. What is the IRFC IPO Listing Date?

    The listing date of IRFC IPO will be 29 January, 2021.

  2. What is the IRFC IPO Launch Date?

    The Indian Railways Finance Corporation Initial Public Offer will open on 18 January 2021 and close on 20 January 2021. The share of IRFC is proposed to be listed on 29 January 2021.

  3. What is the IRFC IPO Allotment Date?

    The allotment date of the IRFC IPO will be 25 January 2021. The IRFC IPO market lot size is 575 shares with a price band of Rs. 25-26 per share, having a face value of Rs. 10 each.

  4. How to apply for IRFC IPO?

    Visit Here.
    Log in using your UCC Id and PAN Number.
    Enter the birth year to verify your account.
    Click on apply for an IPO section.
    Click on the ‘Details’ button below the widget of the IPO you are choosing to apply for.
    Use the details page to go through all the company-related details.
    Click on the ‘Place Bid’ button at the bottom.
    Enter your UPI ID and click on ‘Continue’.
    Enter the lot size and your bid amount and click ‘Continue’.
    Confirm the order.

    You will then see an order confirmation screen telling you whether or not your application was successful.

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Disclaimer: The information contained in the above article are solely for informational purpose after exercising due care. However, it does not constitute professional advice or a formal recommendation. The author does not own any responsibility for any loss or damage caused to any person, directly or indirectly, for any action taken on the basis of the above article.

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