Indian-Railway-Finance-Limited-IPO-

Indian Railways Finance Corporation limited is coming soon to get list in the secondary market. Investors can fetch related details like Price Band and Dates of the IPO, Company Profile, Allotment Status, Listing Dates etc. The firm has drafted a Red Herring Prospectus and got approval for the same from the Regulatory firm Securities Board of India. The IPO is scheduled for 18 Jan 2021 with a price band of Rs.(Rs. 25-26) per equity share. The lot size of applying the IPO is for 575 shares. One can apply via ASBA and UPI to avail the benefit of listing this IPO. The maximum application of amount for retail investor stood at Rs. 2 lacs.

Indian Railway Finance Corporation Limited

Wants To Apply Online

Company Profile:-

The company was incorporated on December 12, 1986 in New Delhi, India. Indian Railway Finance Corporation is a borrowing arm of the Indian Railways for mobilizing funds from domestic as well as overseas market. It finances to Indian Railway for acquisition of rolling stocks asset, which includes both powered and unpowered vehicles, for example locomotives, coaches, wagons, trucks, flats, electric multiple units, containers, cranes, trollies of all kinds and other items of rolling stock components. The firm is wholly-owned by the Government of India acting through the Ministry of Railway.

IRFC is also registered as Systemically Important Non–Deposit taking Non-Banking Financial Company (NBFC – ND-SI) and Infrastructure Finance Company (NBFC- IFC) with Reserve Bank of India (RBI). It follows a financial leasing model for financing the Rolling Stock Assets which comprises 30 years’ time period followed by 15 years as a primary year and 15 years as a secondary years.

Positive Outlook of the Firm:

1. Plays a major Key role in financing growth of Indian Railways,
2. Received highest credit ratings in India,
3. Consistent financial performance and cost plus model,
4. Flexible and low cost business model,
5. Strongasset liability management,
6. Knowledgeable and experienced workforce and management team.

Objects of the Issue: –

The purpose of the IPO are mentioned as below:-

a) Augmenting its equity capital base to meet its future capital requirements arising out of growth in its business,
b) For general corporate purpose.

Summary Of Issue:

 

Issue Open: – 18 Jan 2021
Issue Type Book Built Issue IPO
Issue Size (Value) Issue Size – Rs.4633.38 Crore
Offer for Sale-Rs.1544.46 Crore
Fresh Issue- Rs. Rs.3088.92 Crore
Face Value Rs. 10 Per Equity Share
Issue Price Rs. 25- 26 Per Equity Share
Market lots 575 Shares
Minimum Order Quantity 575 Shares
Listing At BSE, NSE

 

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Promoters of the Company: -:-

THE PRESIDENT OF INDIA, ACTING THROUGH THE MINISTRY OF RAILWAYS, GOVERNMENT OF INDIA (“MoR”)

Financials: -(Restated Consolidated Financial Record)

Particulars For the year/Period ended (Rs. in Million)  
Financial Year 30-Sep-21 31-Mar-19 31-Mar-18 31-Mar-17
Total Equity & Liabilities 23,83,664.55 20,66,036.09 16,14,684.08 12,87,503.84
Total Revenue 66,612.93 1,11,335.94 92,683.81 80,137.90
Total Expenses 49,464.97 82,320.10 66,758.90 59,002.90
Profit After Tax (PAT) 17,147.96 22,546.61 20,490.86 9211.71

Important dates for IRFC Limited Allotment Status

IRFC Limited IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced. Important Tantatives dates for IRFC Limited IPO are:

  • The Allotment date for IRFC Limited IPO issue is expected on Jan*, 2020.
  • The amount will get unblocked on Jan*, 2020.
  • The Shares are expected to credit in DP accounts on Jan*, 2020.
  • The Shares of  IRFC Limited is likely to get listed on Jan*, 2020. on both BSE and NSE.

Check IRFC Limited IPO Allotment Status

IRFC Limited IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.

One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

  1. To IRFC Limited IPO Allotment Status
  2. Go to Application Status
  3. Select IPO as IRFC Limited
  4. Enter your PAN Number or Application Id or DP Client Id.

IRFC IPO Ltd. Allotment Status also available on BSE India

Indian Railway Finance Corporation Limited IPO

Application Form

Lead Manager Details: –

1) IDFC Securities Limited
6th Floor,One IndiabullsCentre,Tower 1C, 841,
Jupiter Mills CompoundSenapatiBapat Marg,
Elphinstone Road, Mumbai 400 013
Telephone: +91 (22) 4222 2050
E-mail: irfc.ipo@idfc.com
Investor grievance e-mail:investorgrievance@idfc.com
Contact Person: Gaurav Mittal/Kunal Thakkar
Website: www.idfc.com/capital/index.htm
SEBI Registration No.: MB/INM000011336

2) HSBC Securities and Capital Markets (India) Private Limited
52/60, Mahatma Gandhi Road, Fort,
Mumbai-400001, Maharashtra, India
Telephone: +91 (22) 2268 5555
E-mail: irfcipo@hsbc.co.in
Investor grievance e-mail: investorgrievance@hsbc.co.in
Contact Person: SanjanaManiar
Website:www.business.hsbc.co.in/en-gb/in/generic/ipo-open-offer-and-buyback
SEBI Registration No.: INM000010353

3) ICICI Securities Limited
ICICI Center,H.T. Parekh Marg, Churchgate,
Mumbai – 400020, Maharashtra, India
Telephone: +91 (22) 2288 2460/70
E-mail: irfc.ipo@icicisecurities.com
Investor grievance e-mail: customercare@icicisecurities.com
Contact Person: ShekherAsnani/AnuragByas
Website: www.icicisecurities.com
SEBI Registration No.: INM000011179

4) SBI Capital Markets Limited
202,Maker Tower ‘E’, Cuffe Parade,
Mumbai – 400 005, Maharashtra, India
Telephone: +91 (22) 2217 8300
E-mail: irfc.ipo@sbicaps.com
Investor grievance e-mail: investor.relations@sbicaps.com
Contact Person: Aditya Deshpande
Website: www.sbicaps.com
SEBI Registration No.: INM000003531

Registrar To The Issue: –

KFin Technologies Private Limited(formerly known as “KarvyFintechPrivate Limited”)
Selenium Tower-B, Plot 31 & 32, GachibowliFinancial District,
Nanakramguda, Serilingampally
Hyderabad 500 032, Telangana, India
Telephone: +91 40 6716 2222
Email: einward.ris@kfintech.com
Investor grievance email: irfc.ipo@kfintech.com
Contact Person: M. Murali Krishna
Website: www.kfintech.com
SEBI Registration No: INR000000221

RegisteredOffice Details: –

UG-Floor, East Tower, NBCC Place,
BishamPitamah Marg, PragatiVihar, Lodhi Road,
New Delhi – 110 003;
Tel: +91 (11) 2436 9766
Contact Person: Vijay BabulalShirode,
Company Secretary and Compliance Officer;
Tel: +91 (11) 2436 8068;
E-mail: dgmcs@irfc.nic.in;
Website: www.irfc.nic.in;
Corporate Identification Number: U65910DL1986GOI026363