IRFC IPO subscribed 65% on first day of share sale
IRFC IPO received bids for 80,89,30,700 shares against 1,24,75,05,993 shares on offer, as per data available with the NSE
BusinessToday.In | January 19, 2021 | Updated 12:02 IST
IRFC had on Friday raised a little over Rs 1,398 crore from anchor investors
The initial public offer (IPO) of Indian Railway Finance Corporation (IRFC) was subscribed 0.65 times of 65 per cent on the first day of subscription on Monday. The IPO received bids for 80,89,30,700 shares against 1,24,75,05,993 shares on offer, as per data available with the NSE.
The category reserved for non-institutional investors was subscribed 9 per cent and retail individual investors 1.25 times.