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Updated Jan 19, 2021 | 20:07 IST
The IPO has received bids for 152.6 crore equity shares against an offer size of over 124.75 crore equity shares (excluding anchor book portion) IRFC IPO day 2: Issue subscribed 1.22 times, retail portion booked 2.3 times
Mumbai: The public offer of the Indian Railway Finance Corporation (IRFC) was subscribed 1.22 times on Tuesday, the second day of the bidding.
The IPO has received bids for 152.6 crore equity shares against an offer size of over 124.75 crore equity shares (excluding anchor book portion), the subscription data available on the exchanges showed.
The portion set aside for retail investors witnessed subscriptions of 2.33 times and that of employees 27.40 times, while the reserved portion of non-institutional investors was subscribed 24.3 percent and that of qualified institutional buyers 0.16 percent.
IRFC IPO opens today: Should you subscribe to the share sale?
Ahead of the IPO, IRFC had raised Rs 1,398.63 crores from 31 anchor investors. IRFC is issuing shares at a price band of Rs 25 to Rs 26
BusinessToday.In | January 18, 2021 | Updated 13:09 IST
KFin Technologies Private Ltd will be the registrar to the issue
The three-day initial share-sale of Indian Railway Finance Corporation (IRFC) worth Rs 4,600 crore was launched today. The first-ever IPO by a non-banking financial company (NBFC) in the public sector is being done by a dedicated market borrowing arm of the Indian Railways. The IPO will close on January 21. Price band for the IRFC IPO has been fixed at Rs 25 to Rs 26 per share.
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.