IRFC IPO share allotment to be finalised today: How to check status
IRFC IPO share allotment to be finalised today: How to check status
The IRFC IPO, which was the first of the calendar year, had received a good response after it opened for subscription earlier this month. Here is how investors can check the share allotment status:
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UPDATED: January 25, 2021 11:15 IST
When the IPO was launched, many brokerage houses recommended investors to subscribe to the public issue in view of the company’s valuation and healthy return ratios. (Photo: Representational image)
The share allotment process in Indian Railway Finance Corporation’s (IRFC) initial public offering (IPO) will be finalised on Monday, indicated the website of the registrar KFin Technologies Private Limited. KFin is in charge of managing the share allocation and refund process for the public issue.
Indian Railway Finance Corporation IPO Closes Today; Subscribed 2.4 Times Thus Far Indian Railway Finance Corporation IPO Closes Today; Subscribed 2.4 Times Thus Far The retail investors portion was subscribed 3.14 times, non-institutional investors portion was subscribed 93 per cent and qualified institutional buyers segment attracted bids worth 2.34 times, as on 2.30 pm
Indian Railway Finance Corporation shares are being offered in the price band of Rs 25-26 per share.
Indian Railway Finance Corporation s initial public offer (IPO) closes for subscription at 5.00 pm today i.e. January 20. The IPO has been open for 3 days, since January 18. The shares are likely to be listed on the bourses on January 29, 2021.
The maiden issue of the non-banking financial company was subscribed 64.7 per cent on the first day of the bidding. The IRFC IPO will close on January 20. Here are some key details about the IPO you should know before investing:
IRFC IPO: Indian Railway Finance Corporation is the market borrowing arm of Indian Railways
Indian Railway Finance Corporation s initial public offer (IPO) opens for subscription today i.e. January 18. The IPO will be open until January 20 and the shares will be offered in the price band of Rs 25-26 per share. The shares will be listed on the bourses on January 29, 2021.
The IPO consists of sale of up to 178.20 crore shares, including a fresh issue of up to 118.80 crore and offer-for-sale of up to 59.40 crore shares by the government. IRFC will raise Rs 4,633.38 crore at the higher range of the price band of Rs 25-26 per share.
IRFC IPO Opens Today: Here is All You Need to Know
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The Indian Railway Finance Corporation (IRFC) s initial public offering (IPO) will open on Monday, making it the first IPO of this year. The IPO will raise Rs 4,634 crore for IRFC and will close on January 20.
The aim behind this IPO is to augment the company s equity capital base to meet future growth requirements and general corporate purposes.
IRFC, the dedicated market borrowing arm of the Indian Railways, was incorporated in 1986 and is a public-sector enterprise which is completely owned by the Government of India. IRFC is the first non-banking financial company (NBFC) in the public sector which is going public.