Sunday, December 06, 2020

IRFC IPO Date, Review, Price Band, Form & Market Lot Details


IRFC IPO date is fixed 18 January 2021 and it closes on 20 January 2021. Indian Railway Finance Corporation (IRFC) to raise around 4533 crore via IPO. We have witnessed the success of IRCTC last year and we might get another Railway company which might give a handsome return in near term. IRFC is a finance arm of Indian Railways. The company raise financial resourcing for Indian Railways for expansion and running through capital markets and other borrowings. Indian Railway Finance Corporation (IRFC) was set up in 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, 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. Check out IRFC IPO date, price band and market lot details.
 
Equity Shares outstanding prior to the Issue = 11,88,04,60,000 Shares
Fresh Issue of 1,18,80,46,000 Shares @26/- = Rs.3,088.92 Crores
Offer for Sale of 59,40,23,000 Shares @26/- = Rs.1,544.46 Crores
Equity Shares outstanding after the Issue = 13,06,85,06,000 Shares

Category-wise Break up:
Anchor: 53,45,63,010 Shares = 1,389.86 Crores
QIB: 35,63,75,340 Shares = 926.58 Crores
NII: 26,72,81,505 Shares = 694.93 Crores
RII: 62,36,56,845 Shares = 1621.51 Crores (Lot size: 575 = 10,84,621 Forms)
Empl. Quota: 1,92,300 Shares = 00.50 Crores
Total Issue: 1,78,20,69,000 Shares = 4,633.38 Crores.

Subscription required for 1X
RII: 10,84,621 Forms
NII: 694.93 Crores

IRFC Logo


    IRFC IPO Review:

    • Apply with Long Term Gain

    IRFC IPO Date & Price Band:

     IPO Open:  18 January 2021
     IPO Close:  20 January 2021
     IPO Size:  Approx ₹4633 Crore (Approx)
     Face Value:  ₹10 Per Equity Share
     Price Band:  ₹25 to ₹26 Per Share 
     Listing on:  BSE & NSE
     Retail Portion:  35%
     Equity:  178,20,69,000 Shares

    IRFC IPO Market Lot:

      Minimum Lot Size:  Minimum 575 Shares
     Minimum Amount:  ₹14,950
      Maximum Lot Size:  Maximum 7475 Shares
     Maximum Amount:  ₹194350

    IRFC IPO Allotment & Listing:

     Basis of Allotment:  25 January 2021
     Refunds:  27 January 2021
     Credit to Demat Account:  28 January 2021
     Listing Date:  29 January 2021
     

    IRFC IPO Form:

    How to apply the IRFC IPO? You can apply IRFC IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the IRFC IPO in the Invest section. The other option you can apply IRFC IPO via IPO forms download via NSE and BSE. Check out the IRFC forms - click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.

    IRFC Company Financial:

      ₹ in Crore

    Revenue Expense Net Income
    2016 - - -
    2017 - - -
    2018 9268 6676 2050
    2019 11134 8232 2255
    2020 13839 10145 3692

    Company Promoters:

    • THE PRESIDENT OF INDIA ACTING THROUGH THE MINISTRY OF RAILWAYS, GOVERNMENT OF INDIA

    Quick Links:

    DRHP Draft Prospectus
    RHP Draft Prospectus

    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

    IRFC IPO Lead Managers:

    • SBI CAPITAL MARKETS LIMITED
    • A.K. CAPITAL SERVICES LIMITED
    • EDELWEISS FINANCIAL SERVICES LIMITED
    • ICICI SECURITIES LIMITED
    • RR INVESTORS CAPITAL SERVICES PRIVATE LIMITED

    Company Address:

    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/

    IRFC IPO FAQs:


    When IRFC IPO will open for QIB, NII, and Retail?
    The IPO is to open on 18 January 2021 for QIB, NII, and Retail Investors.

    What is IRFC IPO Investors Portion?
    The investors' portion for QIB-50%, NII-35%, and Retail 10%.

    How to Apply the IRFC IPO?
    You can apply IRFC IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

    How to Apply the IRFC IPO through Zerodha?
    Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name "IRFC". Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.

    What is IRFC IPO Size?
    IRFC IPO size is ₹4633 crore.

    What is IRFC IPO Price Band?
    IRFC IPO Price Band is ₹25-₹26.

    What is IRFC IPO Minimum and Maximum Lot Size?
    The minimum bid is 575 Shares with ₹14950 amount while maximum bid is 7475 shares with ₹194350.

    What is IRFC IPO Allotment Date?
    IRFC IPO allotment date is 25 January 2021.

    What is IRFC IPO Listing Date?
    IRFC IPO listing date is 29 January 2021. The IPO to list on BSE and NSE.

    Note: The IPO price band and dates will be added as it will be officially announced. The IPO grey market premium (IRFC IPO GMP) will be added on the grey market page as it will start)