IRFC IPO to hit the market on 18 January 2021 and closes on 20 January 2021. Should you subscribe IRFC IPO? Lets discuss! The IRFC is looking superb as per the GMP. As per the grey market it is trading around 10% at Rs.1-2 in the early trade. The price band also looks good at Rs.25-26. Let's see how it subscription will come up. Check IRFC IPO GMP day by day.
Latest Update: IRFC IPO subscribed 3.09x times, QIB 3.57x, HNI 1.61x and RII 3.43x times on day 1.
IRFC IPO Subscription Numbers(Day 3-Till 4)
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.00x | 0.00x | 3.57x |
| HNI | 0.09x | 0.24x | 1.61x |
| RII | 1.25x | 2.33x | 3.43x |
| EMP | 13.53x | 27.41x | 39.53x |
| OTH | 0.00x | 0.00x | 0.00x |
| Total | 0.65x | 0.49x | 0.00x |
IRFC IPO Date & Price Band:
| 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 | ₹4600 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 | ₹1500 Cr |
| Fresh Issue | ₹3100 Cr |
| Listing at | NSE & BSE |
IRFC IPO Tentative Timetable
The IRFC IPO open date is , and the close date is . The issue may list on .
| IPO Open Date | 18 Jan , 2021 |
| IPO Close Date | 20 Jan , 2021 |
| Basis of Allotment Date | 25 Jan , 2021 |
| Initiation of Refunds | 27 Jan , 2021 |
| Credit of Shares to Demat Account | 28 Jan , 2021 |
| IPO Listing Date | 29 Jan , 2021 |
IRFC IPO Market Lot:
| Minimum Lot Size: | Minimum 575 Shares |
| Minimum Amount: | ₹14,950 |
| Maximum Lot Size: | Maximum 7475 Shares |
| Maximum Amount: | ₹1,94,350 |
IRFC IPO Subscription FAQs:
When IRFC IPO Subscription will start?
The IPO subscription starts on 18 January 2021 for QIB, NII, and Retail Investors.
How much IRFC IPO subscribed?
The IPO subscribed 0.65x times on day 1.
What is IRFC IPO retail subscription status?
The retail subscription is 1.25x on day 1.
How to subscribe IRFC IPO?
You can go with ASBA and Non ASBA option for subscription. Go to your bank account and apply IPO online via ASBA or download form online or get the physical form and submit the filled form to your broker or bank.
How do i check live IRFC IPO Subscription Numbers?
One can visit our portal for live subscription numbers which we are updating hourly basis or check the numbers on NSE and BSE website.
