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.