IRFC IPO Date, Review, Price Bands, Market Lot, IRFC IPO Important Dates, Market Lot, Listing Date & Time Details
Indian Railway Finance Corporation (IRFC), is expected to launch its initial public offering (IPO) for subscription next week. This will be the fifth railways company to hit the Stock market since 2017. The four listed ones include IRCON International, RITES, Rail Vikas Nigam and Indian Railway Catering and Tourism Corporation.
Indian Railway Finance Corporation (IRFC), the financing arm of the Indian Railways, is expected to float an initial public offering (IPO) of Rs 4,600 crore by December-end.
The IRFC IPO will see sale of 178.21 crore equity shares, comprising a fresh issue of 118.80 crore equity shares, and an offer for sale of 59.4 crore equity shares by the Government of India. This translates into an issue size of Rs 4,600 crore, out of which the fresh issuance will comprise Rs 3,100 crore and OFS Rs 1,500 crore. Stay tuned for IRFC IPO date, price band and market lot details.
About IRFC
IRFC is a schedule ‘A’ Public Sector Enterprise under the administrative control of the Ministry of Railways, Government of India. It is also registered as Systemically Important Non–Deposit taking Non Banking Financial Company (NBFC – ND-SI) and Infrastructure Finance Company (NBFC- IFC) with Reserve Bank of India (RBI).
IRFC has played a significant role in supporting the expansion of the Indian Railways and related entities by financing a significant proportion of its annual plan outlay.
IRFC has also been lending to various entities in Railway sector like Rail Vikas Nigam Limited (RVNL), Railtel, Konkan Railway Corporation Limited (KRCL), Pipavav Railway Corporation Limited (PRCL) etc.
IRFC’s cumulative funding to rail sector has crossed Rs.1.80 lakh crore as of 31st March, 2017 and is all set to cross Rs.2.20 lakh crore by the end of March, 2018. The funds are utilized for acquiring rolling stock assets and also building up infrastructure, constituting significant part of annual capital expenditure of Indian Railways.
So far, it has funded acquisition of 8998 locomotives, 47910 passenger coaches, 2,14,456 wagons, which constitute around 70% of the total rolling stock fleet of Indian Railways.
IRFC IPO Details:
| Issuer | Indian Railway Finance Corporation | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: January 18, 2021 | |
| Issue Closes: January 20, 2021 | ||
| Price Brand | ₹25 to ₹26 Per Share | |
| Issue Size | ₹4633 Crores (Approx.) | |
| Face Value | Rs.10 per Equity Share | |
| Market Lot | 575 Shares | |
| Maximum Bid amount for Retail | Rs. 2 Lakhs | |
| QIB | 50% of the issue size | |
| NIB | 15% of the issue size | |
| Retail Individual Bidders | 35% of the issue size | |
| Offer for Sale | ₹1544 Cr | |
| Fresh Issue | ₹3088 Cr | |
| Listing at | NSE & BSE | |
| Apply With | Upstox Free DEMAT Account | |
| Equity | 178.21 CR Equity Shares | |
| Grey Market Price | IRFC IPO GMP Today | |
IRFC IPO Review
| UPCOMING IPO | UPCOMING DIVIDEND |
| UPCOMING BUYBACK | UPCOMING NCD 2020 |
| Latest IPO Grey Market Premium | ? Best Stocks for 2021 |
Railtel IPO Review
List of Upcoming IPO in India (NEXT BIG IPOs)
UPCOMING IPO IN JANUARY 2021
IRFC IPO Dates & Price Band
| IPO Open: | January 18, 2021 |
| IPO Close: | January 20, 2021 |
| IPO Size: | Approx. ₹4633 Crores |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹25 to ₹26 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| Total IPO size | 178.21 CR Equity Shares |
IRFC IPO Market Lot:
| Lot Size: | Minimum – 575 Shares & Maximum – 7475 Shares |
| Minimum Amount: | ₹14950/- |
| Maximum Amount: | ₹194350/- |
IRFC IPO Allotment & Listing Dates:
| Basis of Allotment: | January 25, 2021 |
| Refunds: | January 27, 2021 |
| Credit to Demat Account: | January 28, 2021 |
| Listing Date: | January 29, 2021 |
Company Promoters:
- The President of India, acting through The Ministry Of Railways, Government Of India
IRFC Financial
| Particulars | For the year/period ended (₹ in million) | |||
|---|---|---|---|---|
| 30-Sep-19 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Total Assets | 2,383,664.55 | 2,066,036.09 | 1,614,684.08 | 1,287,503.84 |
| Total Revenue | 66,612.93 | 111,335.94 | 92,683.81 | 80,137.90 |
| Profit After Tax | 17,147.96 | 22,546.61 | 20,490.86 | 9,211.71 |
Objects of the Issue:
The net proceed from the IPO will be used towards following purposes;
- To meet the general corporate purposes.
- To augment company’s equity capital base to meet business future growth requirements.
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.
How to Apply for IRFC IPO?
If you have a Demat account, most banks offer the online IPO application. You can also contact the broker to apply for in IRFC IPO? Most banks including the SBI bank, ICICI Bank, Axis, and Kotak bank allow the customer to apply in IPO using the Demat account.
- How to Apply IRFC IPO Through ASBA?
- How to Apply IRFC IPO through Zerodha?
- How to Apply IRFC IPO through SBI Net Banking?
- How to Apply IRFC IPO through HDFC Netbanking?
- ➡️How To Apply IRFC IPO in Axis Bank Net banking?
- ➡️How To Apply IRFC IPO in Kotak Bank Net banking?
- ➡️How To Apply IRFC IPO With Angel Broking?
How to Check IRFC IPO Allotment?
Check IRFC IPO Allotment Here: 
OR Log on to https://ris.kfintech.com/ipostatus/ipos.aspx
Note: IRFC IPO Allotment Status will be available whenever the Registrar of IPO will put on their official sites.
# Option 1: BSE Website:
- Go to BSE Website
- Check box “Equity”
- Select IPO Name “IRFC”
- Type Your Application Number
- Type Your Pan Number
# Option 2: Kfintech Website:
- Go to Kfintech Website
- Select IPO Name “IRFC”
- Select Option from PAN Number, Application Number or Demat Account Number
- As per selection add PAN Number, Application Number or Demat Account Number
# Option 3: in Your Demat Account:
- Call Your Broker or Login to Your Demat Account / Trading Account
- Check the stock is credited to your account or not
# Option 4: in Your Bank Account:
- Login to your Bank Account
- Check the Amount is debited or released
IRFC IPO Listing Gain
How to Sell IRFC IPO Shares on Listing Day?
IRFC IPO Listing Day Kya kre?
IRFC IPO Lead Managers
| Lead Managers |
|
IRFC IPO Registrar to Offer
| IRFC IPO Registrar |
| KARVY COMPUTERSHARE PRIVATE LIMITED Karvy Selenium Tower B, Plot No. 31-32, Gachibowli Financial District, Nanakramguda, Hyderabad Tel: +91 40 6716 2222 Facsimile: +91 40 2343 1551 Email: einward.ris@karvy.com Investor Grievance Email: irfcbonds@karvy.com Website: http:\\karisma.karvy.com Contact Person: Mr.M Murli Krishna SEBI Registration No.: INR000000221 Note: Check IRFC IPO allotment status on Karvy website allotment URL. Click Here |
| Company Contact Info: |
|---|
| Indian Railway Finance Corporation Limited CIN – U65910DL1986GOI026363, UG – Floor, East Tower, NBCC Place, Bhisham Pitamah Marg, Lodhi Road , Pragati Vihar, New Delhi, Delhi 110003 +91 011 – 24369766-69 info@irfc.nic.in Website: http://irfc.nic.in/ |
| What is IPO? | आईपीओ क्या हैं? आईपीओ का फुल फॉर्म क्या है? |
| Upcoming IPO in India 2021 | How to Invest in Share Market? |
| Best Stock Trading Apps 2021 | What are NIFTY and SENSEX? |
| Grey Market Premium of IPO | Intraday Trading Basics |
Final Words
Dear readers, I hope that the above information about “IRFC IPO” has been of great use. If you find the above information useful please share it with others via Facebook and Twitter. You can check more investment researched videos on our YouTube Channel.
SUBSCRIBE YOUTUBE CHANNEL JOIN TELEGRAM CHANNEL for LATEST UPDATESIt is important to be financially literate to make a well-informed investment decision. Stay tuned for more updates. Like, share and subscribe. Drop your comment, queries or feedback in the given below comment box. We would love to hear from you. Thanks and have a nice day.
IRFC IPO FAQs
The IRFC IPO will open on January 18, 2021.
The investors’ portion for QIB-50%, NII-15%, and Retail 35%.
The IPO Size is 4633 Crore with Sale of 178.21 Cr Equity Shares.
IRFC IPO lot size is 575 Shares.
IRFC IPO price band is ₹25 to ₹26 Per Share (Tentative) Equity share and the minimum order quantity is 575 Shares.
IRFC IPO allotment date in January 25, 2021. You can check IPO allotment status here.
IRFC IPO listing date is January 29, 2021. The IPO to list on BSE and NSE.
You can apply IRFC IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers.
Steps to apply in IRFC IPO through Zerodha
Visit the Zerodha website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘IRFC IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
‘Submit’ IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Zerodha IPO Application Process for more detail.
The Grey Market Premium (GMP) price of IRFC IPO is approx. in between Rs.1000 – 1500/- at the moment.
The Subject to Sauda price for IRFC IPO is approx. Rs. 500/-.