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IRFC Shares Make Weak Debut On Exchanges, List At A Discount Of 4% Indian Railways Finance Corporation's (IRFC) three-day share sale via initial public offering which ended on January 20 was subscribed over 3 times on the BSE and National Stock Exchange
Updated: January 29, 2021 12:11 pm IST
IRFC shares opened at Rs 24.90 on the National Stock Exchange compared with issue price of Rs 26.
Indian Railways Finance Corporation (IRFC) shares made a weak debut on the stock exchanges on Friday. The shares opened at Rs 24.90 on the National Stock Exchange, compared with the issue price of Rs 26, marking a discount of 4.23 per cent. The stock fell as much as 6.5 per cent from its issue price, to hit an intraday low of Rs 24.30 in intra-day trading.
The public issue was subscribed 3.49 times during January 18-20 as retail investors' reserved portion witnessed a subscription of 3.66 times, qualified institutional buyers (3.78 times) and non-institutional investors (2.67 times).
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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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: