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Indian Railway Finance Corporation to launch IPO on January 18; price band set at Rs 25-26
The company aims to raise Rs 4,633.4 crore at the higher end of the price band. January 13, 2021 / 11:41 AM IST
State-owned Indian Railway Finance Corporation (IRFC) has decided to open its maiden public offer for subscription on January 18 and has set the price band at Rs 25-26 per share.
The three-day public issue will close on January 20. The company aims to raise Rs 4,633.4 crore at the higher end of the price band.
The initial public offering of up to 1,78,20,69,000 equity shares consists of a fresh issue of 1,18,80,46,000 equity shares and an offer for sale of 59,40,23,000 equity shares by the Government of India.