On 13th January 2021, the date of IRFC 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.
IRFC Upcoming IPO in January 2021
IRFC’s Initial Public offer will be the first IPO of the new year 2021. The approval for the IRFC upcoming IPO was given by the SEBI on 25th February 2020. The company was incorporated in 1986, is a public sector company that is wholly owned by the government of India.
The company 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.
IRFC Upcoming IPO Date- The IRFC IPO is scheduled to open on 18 January and will close on January 20, 2021. As per the Red Herring Prospectus (RHP) of the IPO, the issue is of up to Rs. 78.20 crore shares. The price band of the issue is in the range of Rs. 25-26 per share (Face Value of Rs. 10).
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.
Remain stay updated on our website for more information on the Indian Railway Finance Corporation (IRFC) IPO.
Join our Social Community
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.
Feedback/Suggestion- Hope you all find it useful, please give your valuable feedback & let us know if there is an error. Thanks in Advance