Indian Railway Finance Corporation Debuts At Rs 25, A 4% Discount Over IPO Price moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
IRFC Shares Make Weak Debut On Exchanges, List At A Discount Of 4% Indian Railways Finance Corporation s (IRFC) three-day share sale via initial public offering which ended on January 20 was subscribed over 3 times on the BSE and National Stock Exchange
Updated: January 29, 2021 12:11 pm IST
IRFC shares opened at Rs 24.90 on the National Stock Exchange compared with issue price of Rs 26.
Indian Railways Finance Corporation (IRFC) shares made a weak debut on the stock exchanges on Friday. The shares opened at Rs 24.90 on the National Stock Exchange, compared with the issue price of Rs 26, marking a discount of 4.23 per cent. The stock fell as much as 6.5 per cent from its issue price, to hit an intraday low of Rs 24.30 in intra-day trading.
The public issue was subscribed 3.49 times during January 18-20 as retail investors reserved portion witnessed a subscription of 3.66 times, qualified institutional buyers (3.78 times) and non-institutional investors (2.67 times).