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IRFC IPO: Six reasons why you should subscribe to the issue

The three-day initial public offer (IPO) of Indian Railway Finance Corporation (IRFC) will open today, and will culminate on Wednesday, January 20. With an aim to raise approximately Rs 4,633.4 crore, at the upper end of the price band of Rs 25-26 apiece, the state-owned entity wishes to deploy the funds towards augmenting the company’s equity capital base to meet business future growth requirements; and towards meeting general corporate purposes.
According to the offer, the government (which currently holds 100 per cent stake) will execute an offer for sale (OFS) for approximately 594 million shares worth Rs 1,480 crore. Post IPO, Centre's stake will come down to 86.4 per cent. Additionally, the issue comprises of fresh issue of 1,188 million shares, aggregating to around Rs 2,970 crore.

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IRFC IPO opened today; should you subscribe? Risk and reward explained here

The first IPO of this year: Indian Railway Finance Corporation (IRFC) worth about Rs 4,600 crore. It opened for subscription today 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, set up in 1986, is a dedicated financing arm of the Indian Railways for mobilising funds from domestic as well as overseas markets. It is a public-sector enterprise which is completely owned by the Government of India. This will be the first IPO by a railway non-banking financial company (NBFC).The company's principal business is to borrow funds from the financial markets to finance acquisition/ creation of assets which are then leased out to the Indian Railways.

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