Stay updated with breaking news from Irfc ipo. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
IRFC shares made a weak debut on stock exchanges on Friday. The development comes a day after IRFC’s unlisted shares lost some ground on the grey market due to negativity in the broader markets. Here is all you need to know: ....
Synopsis The listing was weak compared with the tepid premium unlisted shares of IRFC were commanding in the grey market. A rebound in the secondary market after a five-day selloff failed to lift the counter. Agencies IRFC is the dedicated market borrowing arm of the Indian Railways. NEW DELHI: IRFC made a tepid market debut on Friday, as the scrip got listed at Rs 24.90 on NSE, a discount of 4.23 per cent to its issue price of Rs 26. The scrip debuted at Rs 25 on BSE, down 3.85 per cent. The listing was weak compared with the premium unlisted shares of IRFC were commanding in the grey market. A rebound in the secondary market after a five-day selloff failed to lift the counter. ....
IRFC Shares Make Weak Debut On Exchanges, List At A Discount Of 4% Indian Railways Finance Corporation s (IRFC) three-day share sale via initial public offering which ended on January 20 was subscribed over 3 times on the BSE and National Stock Exchange Updated: January 29, 2021 12:11 pm IST IRFC shares opened at Rs 24.90 on the National Stock Exchange compared with issue price of Rs 26. Indian Railways Finance Corporation (IRFC) shares made a weak debut on the stock exchanges on Friday. The shares opened at Rs 24.90 on the National Stock Exchange, compared with the issue price of Rs 26, marking a discount of 4.23 per cent. The stock fell as much as 6.5 per cent from its issue price, to hit an intraday low of Rs 24.30 in intra-day trading. ....
India’s first IPO listing of 2021 IRFC lists at 4% discount over issue price Navdeep YadavJan 29, 2021, 11:08 IST BCCL It was a tepid debut for the ₹4,634 crore (about $634 million) IPO of IRFC on the bourses today. The stock listed at ₹25, which is at an 4.23% discount to the set price band at ₹25-26 per share. The ₹4,634 crore share sale concluded with the subscription of little over 3 times the offer value on January 20. Check out the latest news and updates on Business Insider.It was a tepid debut for the ₹4,634 crore (about $634 million) IPO of the borrowing arm for the Indian Railways, IRFC on the bourses today. The stock listed at ₹24.90, which is at an 4.23% discount to the set price band at ₹25-26 per share. ....
Explore Now 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. ....