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IRFC IPO Opens Today: Here is All You Need to Know FOLLOW US ON: 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 IPO Opens on January 18: Here is All You Need to Know FOLLOW US ON: 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 . ....