Indian Railway Finance Corporation IPO

Mainboard

Finance Term Lending

Listed On: Jan 29, 2021 at ₹ 25.0

₹ 14950 /575 Shares

Check Allotment

Price Summary

Last Closing

161.79 (522.27%)

52 Week High

229.00

52 Week Low

65.75

Last Update

20-Sep-2024 3:30 PM

IPO Details

18 Jan, 2021

Open Date

20 Jan, 2021

Close Date

27 Jan, 2021

Allotment Date

29 Jan, 2021

Listing Date

Issue Price

₹25-26 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

KFintech Private Limited

List Price

25.0

Listing Date

2021-01-29

Market Lot

575 Shares (₹14950/-)

Lead Manager

HSBC Securities & Capital Markets Pvt Ltd, ICICI Securities Limited, IDFC Bank Limited, SBI Capital Markets Limited

Issue Size

1,782,069,000 Eq Shares of ₹10 (aggregating up to ₹4,633.38 Cr)

Fresh Issue: 1,188,046,000 Eq Shares of ₹10(aggregating up to ₹3,088.92 Cr)

Offer for Sale: 594,023,000 Eq Shares of ₹10(aggregating up to ₹1,544.46 Cr)

Retail Portion

35%

Subscription

3.49 times

IPO Docs

DRHP RHP

IPO Subscription Details

As on	QIB	NII	Retail	Employee	Total
Shares Offered / Reserved	35,63,75,339	26,72,81,504	62,36,56,843	1,92,307	1,24,75,05,993
Day 1 - 18-01-21 05:00 PM	0.00 x	0.09	1.25 x	13.52 x	0.65 x
Day 2 - 19-01-21 05:00 PM	0.00 x	0.24	2.33 x	27.40 x	1.23 x
Day 3 - 20-01-21 05:00 PM	3.78 x	2.66	3.66 x	43.76 x	3.49 x

Valuations

Earnings Per Share (EPS)

₹2.44

P/E Ratio

10.65

RoNW

11.57%

Net Asset Value (NAV) - As on 30.09.20

₹26.67

Company Financials All values are in ₹ Cr.

	30-Sep-20	31-Mar-20	31-Mar-19	31-Mar-18
Assets	2,91,986.58	2,75,504.12	2,06,438.29	1,61,451.04
Revenue	7,384.82	13,421.09	10,987.35	9,207.83
Profit After Tax	1,886.84	3,192.09	2,139.93	2,001.46

About The Company

IRFC is a Public Sector Undertaking (PSU) wholly-owned finance by the Government of India acting through the Ministry of Railways. The company is registered with the Reserve Bank of India as a systematically important NBFC and is classified under the category of an “Infrastructure Finance Company”.

IRFC is the dedicated market borrowing arm of the Indian Railways. Its primary business is financing the acquisition of rolling stock assets, which includes both powered and unpowered vehicles, for example locomotives, coaches, wagons, trucks, flats, electric multiple units, containers, cranes, trollies of all kinds and other items of rolling stock, leasing of railway infrastructure assets and national projects of the Government of India and lending to other entities under the Ministry of Railways.
The actual capital expenditure of the Indian Railways was INR133,400 crore in FY2019 and IRFC financed INR52,535 crore accounting for 39.38% of the actual capital expenditure. In FY2019, IRFC was responsible for financing 82% of the Indian Railway’s total rolling stock through a financial leasing model with leasing period typically spanning 30 years.

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- Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 86%

Company Promoter(s)

President of India

IPO - Issue Objectives

To augment company's equity capital base to meet business future growth requirements.
To meet general corporate purposes.

IPO - FAQs

Ans. Indian Railway Finance Corporation IPO is a Mainboard IPO. The issue is priced at ₹25-26 per equity share. The minimum order quantity is 575 Shares. The IPO opens on Jan 18, 2021, and closes on Jan 20, 2021. KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Indian Railway Finance Corporation IPO opens on Jan 18, 2021 and closes on Jan 20, 2021.

Ans. The size of Indian Railway Finance Corporation IPO is 1,782,069,000 Eq Shares of ₹10 (aggregating up to ₹4,633.38 Cr) Fresh Issue: 1,188,046,000 Eq Shares of ₹10(aggregating up to ₹3,088.92 Cr) Offer for Sale: 594,023,000 Eq Shares of ₹10(aggregating up to ₹1,544.46 Cr).

Ans. The IPO price band is set between ₹25-26 per equity share.

Ans. To apply for Indian Railway Finance Corporation IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Indian Railway Finance Corporation IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Indian Railway Finance Corporation IPO is Jan 27, 2021.

Ans. The Indian Railway Finance Corporation IPO will be listed on Jan 29, 2021.

Ans. Follow the steps to check the allotment status for Indian Railway Finance Corporation IPO here.