Indian Railway Finance Corporation(IRFC) IPO Detail

Issue Open Date18 Jan 2021
Issue Close Date20 Jan 2021
Basis of Allotment DateJan 25, 2021
Initiation of RefundsJan 27, 2021
Credit of Shares to Demat AccountJan 28, 2021
IPO Listing DateJan 29, 2021
Issue Size (Rs cr)1,782,069,000/– Eq Shares of Rs.- (aggregating up to Rs.4,633.38Cr)
Fresh Issue1,188,046,000 Equity Shares
Offer for Sale594,023,000 Equity Shares
Issue PriceRs.25 to Rs.26 Per Equity Share
Face ValueRs.10
Bid size 575 shares 
Listing onBSE, NSE
Issue TypeBook Built Issue IPO

Indian Railway Finance Corporation Reservation Detail

Reservation for qualified institutional buyers50%
Reservation for non-institutional buyers15%
Reservation for retail investors35%

Objects of the Offer

  • augmenting its equity capital base to meet the future capital requirements arising out of growth in its business
  • general corporate purposes. 

Indian Railway Finance Corporation(IRFC) IPO Grey Market Premium ( GMP )

According to a trader dealing in pre-IPO and unlisted shares, IRFC shares were seen trading with just Rs 1.20 premium over the issue price of Rs 26 a piece, in the grey market today.

IRFC IPO – Promoters

The Promoters of this company are:

  • The President of India
  • Ministry of Railways (“MOR”)
  • Government of India

 Indian Railway Finance Corporation(IRFC) Financials: (₹ in. Million )

On the basis of Standalone statement:

Total Assets28,95,335.552,066,036.091,614,684.081,287,503.84
Total Revenue73,848.93111,335.9492,683.8180,137.90
Total Expense54,979.9782,320.1066,758.9059,002.90
Profit After Tax18,868.9622,546.6120,490.869,211.71

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Indian Railway Finance Corporation (IRFC)  IPO Corporate information

Indian Railway Finance Corporation (IRFC)  IPO

(IRFC) was set up on 12th December 1986 as the dedicated financing arm of the Indian Railways for mobilizing funds from domestic as well as overseas Capital Markets.

IRFC is a Schedule ‘A’ Public Sector Enterprise under the administrative control of the Ministry of Railways, Govt. 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’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 a significant part of annual capital expenditure of Indian Railways. So far, it has funded the acquisition of 8998 locomotives, 47910 passenger coaches, 2,14,456 wagons, which constitute around 70% of the total rolling stock fleet of Indian Railways.

From 2011-12 onwards, IRFC has forayed into funding of railway projects and capacity enhancement works. The Company has been assigned the additional task of funding Railway Projects through Institutional Finance to the extent of Rs.1.50 Lakh Crore by 2019-20.

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

Indian Railway Finance Corporation Contact Information

Registered and Corporate Office:
Indian Railway Finance Corporation Ltd,
CIN – U65910DL1986GOI026363
UG – Floor, East Tower, NBCC Place, Bhisham Pitamah Marg, Lodhi Road, Pragati Vihar, New Delhi, Delhi 110003.
Phone No. : : +91  011 – 24369766-69
Fax No. 011 – 24369770
Email Id[email protected]

Indian Railway Finance Corporation (IRFC) IPO FAQs

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