IRFC share lists at 4% discount to issue price
IRFC share allotment was finalised on January 25. Government s stakeholding reduced to 86% from 100% post the IPO. Most brokerages have given IRFC subscribe rating, especially for the long term
BusinessToday.In | January 29, 2021 | Updated 11:46 IST
Set up in 1986, IRFC- a dedicated market borrowing arm of the Indian Railways, became the first NBFC from the PSU sector that went public today
Shares of Indian Railway Finance Corporation (IRFC) listed at a 4% discount from its issue price at Rs 24.90 on NSE today.
IRFC share made its debut at Rs 25 on BSE, declining 3.85% apiece.
The initial public offer (IPO) of the company that was open between January 18-20, 2021, at a price band of Rs 25-26 per share, was subscribed nearly 3.5 times. It received bids for 432 crore shares against the issue size of 124.75 crore. Ahead of the IPO, IRFC had raised about Rs 1,400 crore from anchor investors.
IRFC IPO share allotment to be finalised today: How to check status
IRFC IPO share allotment to be finalised today: How to check status
The IRFC IPO, which was the first of the calendar year, had received a good response after it opened for subscription earlier this month. Here is how investors can check the share allotment status:
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UPDATED: January 25, 2021 11:15 IST
When the IPO was launched, many brokerage houses recommended investors to subscribe to the public issue in view of the company’s valuation and healthy return ratios. (Photo: Representational image)
The share allotment process in Indian Railway Finance Corporation’s (IRFC) initial public offering (IPO) will be finalised on Monday, indicated the website of the registrar KFin Technologies Private Limited. KFin is in charge of managing the share allocation and refund process for the public issue.
IRFC IPO allotment status: Here s how to check
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IRFC IPO allotment status: Here s how to check
TIMESOFINDIA.COM / Jan 25, 2021, 13:15 IST
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Representative image
NEW DELHI: The initial public offering or IPO share allocation of the Indian Railway Finance Corporation Limited (IRFC) will be finalised on Monday. Investors who have applied for the IRFC IPO can check the status of share allocation through the official portal of the BSE. The shares of the IRFC will get listed on stock exchanges on January 29, 2021.
Investors can visit the official website of the BSE India - bseindia.com - or click on the direct link provided above to check the allotment status:
Indian Railway Finance Corporation To Finalise IPO Allotment Next Week; Here s How You Can Check The Status 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.