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Shares of Indian Railway Finance Corporation (IRFC) have made investors happy and happier in the recent times, with analysts and experts getting extremely bullish on the same since the prices have skyrocketed lately. ....
Fund managers were seen subscribing to shares worth Rs 927 crore in the IRFC IPO. They bought Rs 143 crore worth of shares in Indigo Paints, Rs 117.82 crore in Home First Finance IPO and Rs 50 crore in the Stove Kraft offering. ....
IRFC share lists at 4% discount to issue price IRFC share allotment was finalised on January 25. Government s stakeholding reduced to 86% from 100% post the IPO. Most brokerages have given IRFC subscribe rating, especially for the long term BusinessToday.In | January 29, 2021 | Updated 11:46 IST Set up in 1986, IRFC- a dedicated market borrowing arm of the Indian Railways, became the first NBFC from the PSU sector that went public today Shares of Indian Railway Finance Corporation (IRFC) listed at a 4% discount from its issue price at Rs 24.90 on NSE today. IRFC share made its debut at Rs 25 on BSE, declining 3.85% apiece. The initial public offer (IPO) of the company that was open between January 18-20, 2021, at a price band of Rs 25-26 per share, was subscribed nearly 3.5 times. It received bids for 432 crore shares against the issue size of 124.75 crore. Ahead of the IPO, IRFC had raised about Rs 1,400 crore from anchor investors. ....