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IRFC IPO: IRFC grey market premium fizzles out ahead of listing


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New Delhi: As the bear grip gets stronger on the broader market, the primary market, too, has started feeling the heat.
Amid the selloff in the broader market, shares of Indian Railways Finance Corporation (
IRFC) are losing their sheen in grey market, as the premium they enjoyed in unofficial market for unlisted shares till the other day has since fizzled out.
Grey market premium of IRFC’s unlisted shares has fallen to Rs 0.20-0.25 from Rs 1.5 when the issue had been announced. The premium has been falling constantly. Earlier this week, the stock was commanding a premium of Re 1.

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Indian Railway Finance Corporation To Finalise IPO Allotment Next Week; Here's How You Can Check The Status

Indian Railway Finance Corporation To Finalise IPO Allotment Next Week; Here's How You Can Check The Status
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Indian Railway Finance Corporation IPO Closes Today; Issue Subscribed 1.44 Times

Indian Railway Finance Corporation IPO Closes Today; Issue Subscribed 1.44 Times
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IRFC IPO: Key details you should know before investing

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:

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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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Indian Railway Finance Corporation IPO Subscribed 25%, Employee Portion Fully Booked On Day 1

Indian Railway Finance Corporation IPO Subscribed 25%, Employee Portion Fully Booked On Day 1
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IRFC IPO opens today: Should you subscribe to the share sale?


IRFC IPO opens today: Should you subscribe to the share sale?
Ahead of the IPO, IRFC had raised Rs 1,398.63 crores from 31 anchor investors. IRFC is issuing shares at a price band of Rs 25 to Rs 26
BusinessToday.In | January 18, 2021 | Updated 13:09 IST
KFin Technologies Private Ltd will be the registrar to the issue
The three-day initial share-sale of Indian Railway Finance Corporation (IRFC) worth Rs 4,600 crore was launched today. The first-ever IPO by a non-banking financial company (NBFC) in the public sector is being done by a dedicated market borrowing arm of the Indian Railways. The IPO will close on January 21. Price band for the IRFC IPO has been fixed at Rs 25 to Rs 26 per share.

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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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