IRFC IPO subscribed 65% on first day of share sale
IRFC IPO received bids for 80,89,30,700 shares against 1,24,75,05,993 shares on offer, as per data available with the NSE
BusinessToday.In | January 19, 2021 | Updated 12:02 IST
IRFC had on Friday raised a little over Rs 1,398 crore from anchor investors
The initial public offer (IPO) of Indian Railway Finance Corporation (IRFC) was subscribed 0.65 times of 65 per cent on the first day of subscription on Monday. The IPO received bids for 80,89,30,700 shares against 1,24,75,05,993 shares on offer, as per data available with the NSE.
The category reserved for non-institutional investors was subscribed 9 per cent and retail individual investors 1.25 times.
IRFC IPO opens for subscription on January 18: All you need to know
IRFC IPO opens for subscription on January 18: All you need to know
The Indian Railway Finance Corporation IPO will be the first one of the calendar year 2021 and the subscription period will start from January 18.
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UPDATED: January 13, 2021 14:05 IST
The Indian Railway Finance Corporation’s (IRFC) initial public offering (IPO) is all set to open for subscription on January 18. The Rs 4,600 crore IPO will be the first by a public sector non-banking financial company (NBFC).
The IRFC IPO will be the first one of the calendar year 2021 and the subscription period will close on January 20.
Updated Jan 13, 2021 | 12:20 IST
As per RHP of IRFC IPO, the issue size is 178.20 crore shares, comprising a fresh issue of 118.80 crores in a price band of Rs 25-26 per share. Indian Railway Finance Corporation (IRFC) IPO to open on Jan 18: 5 things to know | Photo Credit: Representative Image
Key Highlights
IRFC received SEBI nod for IPO in February 2020
The price band of the issue will be Rs 25-26 per share of the face value of Rs 10 each
The Rs 4,600-crore Indian Rail Finance Corporation (IRFC)’s initial public offering (IPO) will open for subscription next week on January 18. It will be the first IPO of the calendar year 2021 and will close on January 20, 2021. It will also be the first public issue by a non-banking financial company in the public sector.
Read more about IRFC IPO to open on January 18; firm looks to raise Rs 4,600 crore on Business Standard. The issue consists of a fresh issue of up to 118.80 crore shares and offer for sale of up to 59.40 crore shares by the government