Indian Railway Finance Corporation (IRFC)
has filed papers with markets regulator Sebi to float an initial public offering of over 178 crore shares. According to an addendum to the draft red herring prospectus filed with Sebi on Friday, the IPO
would see sale of 1,782,069,000 equity shares. This includes a fresh issue of 1,188,046,000 equity shares and an offer for sale of 59.4 crore equity shares by the Government of India.
About IRFC: Indian Railway Finance Corporation (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).
In more than 30 years of existence, 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.
IRFC IPO Detail
According to an addendum to the draft red herring prospectus filed with Sebi on Friday, the IPO would see sale of 1,782,069,000 equity shares
IRFC IPO Market Lot:
| IPO Open:
| IPO Close:
| IPO Size:
|| Rs. 4600 Crore (Approx)
| Face Value:
|| Rs. 10
| Price Band:
| Listing on:
||NSE & BSE
| Retail Portion:
| Employee Discount:
|| Update Soon
| Lot Size:
||Minimum 575 Shares
Maximum 7475 Shares
| Minimum Amount:
| Maximum Amount:
|| Rs. 1,94,350
IRFC IPO – Basis of the Offer Price
IRFC IPO financial performance (in INR Crore)
| ₹ in INR Crore
IRFC IPO Allotment & Listing:
| Basis of Allotment:
|| Update Soon
| Credit to Demat Account:
|| Update Soon
| Listing Date:
|| Update Soon
About the Company:
The primary objective of IRFC is to meet the predominant portion of ‘Extra Budgetary Resources’ (EBR) requirement of the Indian Railways through market borrowings at the most competitive rates and terms. The Company’s principal business therefore is to borrow funds from the financial markets to finance the acquisition / creation of assets which are then leased out to the Indian Railways.
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 significant part of annual capital expenditure of Indian Railways. So far, it has funded 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.
IRFC’s constant endeavor has been to diversify its borrowing portfolio in terms of instruments, markets and investors which has led to the Company meeting the targeted borrowings year after year, through issue of both taxable and tax-free bonds, term loan from banks/financial institutions besides off shore borrowings, at competitive market rate.
IRFC IPO Form:
How to apply the IRFC IPO? You can apply 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 IPO AMC forms – click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.
Smt. Manjula Rangarajan
Shri. Chetan Venugopa
Shri. Amitabh Banerjee
|Shri. Ashok Kumar Singhal
Shri. Niraj Kumar
Dr. Kumar V Pratap
IRFC IPO Registrar:
KFin Technologies Private Limited,
Selenium Tower-B, Plot 31 & 32, GachibowliFinancial District,Nanakramguda, Serilingampally
Hyderabad 500 032, Telangana, India,Phone: +91 40 6716 2222
Investor grievance: irfc.ipo@kfintech.
IRFC IPO Lead Managers:
- IDFC Securities Limited
- HSBC Securities
- ICICI Securities Limited
- SBI Capital Markets Limited
Indian Railway Finance Corporation Limited
UG-Floor, East Tower,
Bisham Pitamah Marg,
Pragati Vihar,Lodhi Road, New Delhi-110003;Phone: +91 (11) 2436 9766
IRFC IPO FAQs
1.What is IRFC IPO?
Ans: This IPO offer by IRFC Hospitality Limited. company planning to expand capital by listing on nse and bse.
2.How do I apply for the IRFC IPO?
Ans: Anyone having demat account are eligible for application. There are two method available for application.
ASBA Payment Method : The net-banking facility available for online IPO application.
UPI Payment Method: By using UPI payment method for application process.
3.What is the IRFC IPO issue date?
Ans: IRFC IPO issue period is from [●] to [●].
4.What is the IRFC IPO allotment date?
Ans: Allotment date is [●] and share will transfer to your demat account on (*).
5.What if IRFC IPO Shares not allotted to me?
Ans: Suppose IRFC shares not allotted to you than refund will be credited to your linked bank account.
6.How to Apply IRFC IPO through Zerodha?
Ans: Zerodha customers can apply for IRFC through UPI’s payment gateway by Zerodha Console. Pls follow Below steps
- login to console.zerodha.com
- Get the list of current listed IPOs.
- You can apply for an IPO online.
7.What is the IRFC IPO Listing date?
Ans: Listing date for this IPO is [●].
8.Is there any other IRFC IPO Listing later this year?
Ans: There is no such information available regarding the further listing of State bank of India IPO.
9.Will I get a discount if I am IRFC Employee?
Ans: IPO details not yet announced.
09.What is the Lot Size of IRFC IPO?
Ans: Minimum [●] shares (1 lot) and maximum [●] shares of lot size is available. One share price is ₹.[●] so 1 lot of [●] shares will be ₹.[●].
10.What is the face value of IRFC IPO?
Ans: Face value is ₹.10 Per Equity Share.
11.What IRFC IPO symbols in NSE & BSE?
Ans: NSE: IRFC & BSE: [●], Group: [●]