Indian Railway Finance Corporation Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹25-₹26
- Lot size
- 575 shares
- Issue amount
- ₹4,633 cr
- Total subscription
- 0×
- Opens
- 18 Jan 2021
- Closes
- 20 Jan 2021
- Allotment
- 25 Jan 2021
- Listing
- 29 Jan 2021
Offer at a glance
Issue overview
- Issue size
- 1,78,20,69,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,375
- Fresh issue
- ₹3,089 cr
- Offer for sale
- ₹1,544 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,950
- Issue type
- Bookbuilding IPO
- Shares before issue
- 11,88,04,60,000
- Shares after issue
- 13,06,85,06,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 575 | ₹14,950 |
| sHNI | 14 | 8,050 | ₹2,09,300 |
| bHNI | 67 | 38,525 | ₹10,01,650 |
Share reservation
Subscription & GMP
Subscription by category
Subscription figures are awaiting publication.
GMP history
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Company information
Company profile
Incorporated in 1986, the Indian Railway Finance Corporation (IRFC) is a public-sector enterprise wholly owned by the Government of India, primarily engaged in financing the acquisition of rolling stock assets, leasing railway infrastructure, and lending to entities under the Ministry of Railways. As the borrowing arm of Indian Railways, IRFC raises funds for procuring wagons, trucks, electric multiple units, locomotives, and coaches, along with their improvement, expansion, and asset management. The company follows a financial leasing model for a lease period of 30 years, and in fiscal 2019, it financed Rs. 525.35 billion, accounting for 39.34% of Indian Railways’ total capital expenditure of Rs. 1,334 billion.
Strengths
- Strategic Role: Plays a key role in supporting Indian Railways growth.
- Strong Credit Rating: Rated CRISIL AAA/A1+ and ICRA AAA/A1+.
- Competitive Borrowing Costs: Access to low-cost financing.
- Strong Financials: Demonstrates robust financial performance.
- Effective Asset-Liability Management: Maintains balanced financial structure.
- Experienced Management: Led by a skilled and capable leadership team.
Promoters
President of India
Registrar & documents
Lead manager
Hsbc Securities & Capital Markets Private Limited, ICICI Securities Limited, Idfc Bank Limited, SBI Capital Markets Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
UG-Floor, East Tower, NBCC Place Bisham Pitamah Marg, Pragati Vihar, Lodhi Road,
91 (11) 2436 9766
[email protected]Company website ↗Understanding IRFC IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.