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IRFC IPO: IRFC IPO subscribed 80% on Day 2 so far

Synopsis
By 5:00 pm on Tuesday, the issue received bids for 152.64 crore shares, which was 122.35 per cent of the issue size of 124.75 crore shares. The issue was subscribed 65 per cent on the first day.
Agencies
IRFC is the dedicated market borrowing arm of the Indian Railways.
NEW DELHI: The Rs 4,633-crore IPO of Indian Railway Finance Corporation (IRFC) got fully subscribed on the second day of the bidding process led by strong demand from retail investors.
By 5:00 pm on Tuesday, the issue received bids for 152.64 crore shares, which was 122.35 per cent of the issue size of 124.75 crore shares. The issue was subscribed 65 per cent on the first day.

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IRFC IPO: Indian Railways Finance Corporation IPO Opens January 18; Check Price Band, Grey Market Premium

The IRFC initial public offer is scheduled to open on January 18
IRFC IPO: State-owned Indian Railways Finance Corporation (IRFC) has opened its first public offer for subscription on January 18, 2021, setting the price band at Rs 25-26 per share. The Rs 4,633.4 crore initial public offer (IPO) has become the first public issue for the calendar year 2021. The price band of the issue, being in the range of Rs 25-26 per share is of the face value of Rs 10 each. The three-day public issue will close on January 20, 2021. The initial public offering of up to 1,78,20,69,000 equity shares consists of a fresh issue of 1,18,80,46,000 equity shares and an offer for sale of 59,40,23,000 equity shares by the government.

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