IRFC Subscription Numbers & Status - Should you invest in Indian Railway Finance Corporation IPO ?

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 subscription status

    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 0.65times on day 1.

    What is IRFC IPO retail subscription status?
    The retail subscription is 1.25on 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.