Indian Railway Finance Corporation Limited IPO to open on Monday, January 18, 2021
Posted On: 2021-01-13 08:58:43 (Time Zone: Arizona, USA)
Indian Railway Finance Corporation Limited (the Company ), the dedicated market borrowing arm of the Indian Railways, will open the Bid/ Issue Period in relation to its initial public offering of equity shares of face value of Rs. 10 each ( Equity Shares and such initial public offering, the Issue ) on Monday, January 18, 2021. The Bid/ Issue Period will close on Wednesday, January 20, 2021. The price band of the Issue has been fixed at Rs 25 to Rs 26 per Equity Share.
Initial Public Offering of up to 1,782,069,000 Equity Shares of face value of Rs. 10 each. The initial public offering comprises of a fresh issue of up to 1,188,046,000 Equity Shares ( Fresh Issue ) and an offer for sale of up to 594,023,000 Equity Shares by the President of India, acting through the Ministry of Railways ( Selling Shareholder ) ( Offer For Sale ). The