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IRIRFCListed

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×
Current price₹78.44
Listing price ₹25
Watch live price ↗
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

CategoryLotsSharesAmount
RETAIL1575₹14,950
sHNI148,050₹2,09,300
bHNI6738,525₹10,01,650

Share reservation

QIB49.99%
HNI15%
RETAIL35%
Employee0.01%

Subscription & GMP

Subscription by category

Total subscribed0×

Subscription figures are awaiting publication.

GMP history

00.5124 Dec: ₹0
24 Dec₹024 Dec

Financial performance

Company financials

In Lakhs · Reported periods may include interim results.

Revenue & profitIn Lakhs
050,0001,00,0001,50,000Mar-18 · Revenue: 92,078.39Mar-18 · Profit after tax: 20,014.6Mar-18Mar-19 · Revenue: 1,09,873.55Mar-19 · Profit after tax: 21,399.33Mar-19Mar-20 · Revenue: 1,34,210.9Mar-20 · Profit after tax: 31,920.96Mar-20Sep-20 · Revenue: 73,848.29Sep-20 · Profit after tax: 18,868.41Sep-20
RevenueProfit after tax

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

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.