IRFC IPO Opens Today: Here is All You Need to Know
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The Indian Railway Finance Corporation (IRFC) s initial public offering (IPO) will open on Monday, making it the first IPO of this year. The IPO will raise Rs 4,634 crore for IRFC and will close on January 20.
The aim behind this IPO is to augment the company s equity capital base to meet future growth requirements and general corporate purposes.
IRFC, the dedicated market borrowing arm of the Indian Railways, was incorporated in 1986 and is a public-sector enterprise which is completely owned by the Government of India. IRFC is the first non-banking financial company (NBFC) in the public sector which is going public.
IRFC, India’s first IPO of 2021, kicks off on January 18 price band set at ₹25-26
IRFC, India’s first IPO of 2021, kicks off on January 18 price band set at ₹25-26
Navdeep YadavJan 13, 2021, 14:47 IST
BCCL
IRFC IPO will open on January 18 and remain open till January 20. This makes it the first IPO to hit the capital markets in 2021.
The company has set the price band of the issue in the range of ₹25-26 per share.
An investor can apply for a minimum bid of 575 equity shares and in multiples thereafter.
Check out the latest news and updates on Business Insider.The ₹4,634 crore initial public offering (IPO) of Indian Railway Finance Corporation (IRFC) initial public offering (IPO) will hit the capital markets next week. The IPO will open on January 18 and remain open till January 20, making it the first IPO of 2021. It is also the first by a non-banking financial company in the public sector.
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.
IRFC IPO Opens on January 18: Here is All You Need to Know
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The Indian Railway Finance Corporation (IRFC) s initial public offering (IPO) will open on January 18 and close on January 20, making it the first IPO of the year 2021. The IPO will raise Rs 4,634 crore for IRFC.
Tuhin Kanta Pandey, secretary at Department of Investment and Public Asset Management (DIPAM), gave this information via a tweet saying IRFC coming up for listing with a Rs 4600 cr+ issue in a price band of Rs 25-26 per share. Anchor book on Jan 15 and the Main book from Jan 18-20 .