A total of 63 companies raised nearly Rs 1.19 lakh crore through IPOs this year. The record funding for companies comes despite weak market sentiment arising from the nationwide Covid-19 lockdown in the first half of the calendar year.
Global liquidity, bull run in domestic market trigger IPO gold rush as companies rack up Rs 31,000 cr origin-businesstoday.intoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from origin-businesstoday.intoday.in Daily Mail and Mail on Sunday newspapers.
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Indian Railway Finance Corporation s Rs 4,600 crore IPO opens next week
The initial public offering (IPO) of Indian Railway Finance Corporation (IRFC), worth over Rs 4,600 crore, will open on January 18 and close on January 20. The price band of the IPO will be of Rs 25-26 per share. IRFC coming up for listing with a Rs 4600 cr+ issue in a price band of Rs 25-26 per share. Anchor book on January 15 and the Main book from January 18-20, said Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM) on Twitter.
Established in 1986, the dedicated financing arm of the Indian railways is a public sector enterprise under the administrative control of the Ministry of Railways.