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.
IRFC IPO share allotment to be finalised today - Hereâs how to check application status
KFin is in charge of managing the share allocation and refund process for the public issue.
The IRFC IPO was subscribed 3.49 times on the final day of bidding. The Rs 4,633-crore IPO had opened on 18 January and closed on 20 January.
The offer received bids for 4,35,22,57,225 shares against the 1,24,75,05,993 shares on offer. The Qualified Institutional Buyers category was subscribed 3.78 times, non-institutional investors 2.67 times, and retail individual investors 3.66 times.
The IPO of up to 178.20 crore shares comprises a fresh issue of up to 118.80 crore shares and an offer for sale of up to 59.40 crore shares. Price range for the offer was fixed at Rs 25â26 per share. IRFC had on Friday raised a little over Rs 1,398 crore from anchor investors.
IRFC IPO: Allotment of shares today, here s how to check status
Applicants of the issue can check the status of their allotment on the website of KFin Technologies Private Limited, the registrar to the issue or the BSE website
BusinessToday.In | January 25, 2021 | Updated 17:13 IST
The Rs 4,633 crore IPO of Indian Railway Finance Corporation Limited (IRFC) was subscribed nearly 3.5 times on last day
The allotment status of Rs 300 crore initial public offer (IPO) of IRFC will be announced today. The equity shares are proposed to be listed on BSE and NSE.
The Rs 4,633 crore IPO of Indian Railway Finance Corporation Limited (IRFC) was subscribed nearly 3.5 times on last day. The share sale was open between 18 and 20 January at a price range of Rs 25-26 apiece. Ahead of the IPO, IRFC had raised about Rs 1,400 crore from anchor investors.
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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: