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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 shares made a weak debut on stock exchanges on Friday. The development comes a day after IRFC’s unlisted shares lost some ground on the grey market due to negativity in the broader markets. Here is all you need to know: ....
Synopsis The listing was weak compared with the tepid premium unlisted shares of IRFC were commanding in the grey market. A rebound in the secondary market after a five-day selloff failed to lift the counter. Agencies IRFC is the dedicated market borrowing arm of the Indian Railways. NEW DELHI: IRFC made a tepid market debut on Friday, as the scrip got listed at Rs 24.90 on NSE, a discount of 4.23 per cent to its issue price of Rs 26. The scrip debuted at Rs 25 on BSE, down 3.85 per cent. The listing was weak compared with the premium unlisted shares of IRFC were commanding in the grey market. A rebound in the secondary market after a five-day selloff failed to lift the counter. ....
IndusInd Bank, Vedanta, UPL, SAIL, LIC Housing and Siemens are among major companies which will announce their December quarter results today. IRFC: Shares of IRFC will list on stock exchanges today. The IPO, which was sold in Rs 25-26 per price band, was subscribed 3.49 times. The unlisted stock last traded at a grey market premium of Re 0.20-0.25 against Rs 1.5 earlier. Airtel, Vodafone Idea: Bharti Airtel added the highest number of subscribers in November, ahead of Reliance Jio, even as Vodafone Idea lost customers during the period, according to the latest TRAI data. Airtel added a staggering 43.7 lakh subscribers while Vodafone Idea lost 28.9 lakh subscribers. ....
IRFC makes tepid debut; lists at 4% discount over issue price Stock markets had a rough year just about everywhere. Photo: iStockPremium 1 min read Share Via Read Full Story Shares of Indian Railway Finance Corporation (IRFC) made a tepid listing on Friday. The stock was listed at ₹24.90, 4.2% discount over its share price of ₹26. The initial public offering (IPO) was open for subscription from 18-20 January with a price band of ₹25- ₹26. The issue was subscribed 3.49 times. This is the first stock listing of 2021 wherein the government plans to sell around 13.64% in the company to raise around ₹4,633.38 crore at the upper end of the price band. The net proceeds from the fresh issue are proposed to be utilised for augmenting the equity capital base of the company to meet their future capital requirements arising out of growth in their business and for general corporate purposes. ....