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.
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|
Get All Your Mutual Fund Portfolio Retuns on your mobile, Download Elite Kuber App
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)|
|Total Equity & Liabilities||23,83,664.55||20,66,036.09||16,14,684.08||12,87,503.84|
|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:-
- To IRFC Limited IPO Allotment Status
- Go to Application Status
- Select IPO as IRFC Limited
- Enter your PAN Number or Application Id or DP Client Id.
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
Investor grievance e-mail:email@example.com
Contact Person: Gaurav Mittal/Kunal Thakkar
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
Investor grievance e-mail: firstname.lastname@example.org
Contact Person: SanjanaManiar
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
Investor grievance e-mail: email@example.com
Contact Person: ShekherAsnani/AnuragByas
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
Investor grievance e-mail: firstname.lastname@example.org
Contact Person: Aditya Deshpande
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,
Hyderabad 500 032, Telangana, India
Telephone: +91 40 6716 2222
Investor grievance email: email@example.com
Contact Person: M. Murali Krishna
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;
Corporate Identification Number: U65910DL1986GOI026363