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IRFC IPO subscribed 65% on first day of share sale IRFC IPO received bids for 80,89,30,700 shares against 1,24,75,05,993 shares on offer, as per data available with the NSE BusinessToday.In | January 19, 2021 | Updated 12:02 IST IRFC had on Friday raised a little over Rs 1,398 crore from anchor investors The initial public offer (IPO) of Indian Railway Finance Corporation (IRFC) was subscribed 0.65 times of 65 per cent on the first day of subscription on Monday. The IPO received bids for 80,89,30,700 shares against 1,24,75,05,993 shares on offer, as per data available with the NSE. The category reserved for non-institutional investors was subscribed 9 per cent and retail individual investors 1.25 times. ....
IRFC garners over ₹1,398 cr from anchor investors ahead of IPO The Fine Organic IPO will close on 22 June. Photo: iStock 1 min read . Updated: 17 Jan 2021, 11:11 AM IST PTI 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 Share Via Read Full Story The Indian Railway Finance Corporation on Friday raised a little over ₹1,398 crore from anchor investors ahead of its initial share sale that opens for public subscription on Monday. A total of 5,34,563,007 equity shares have been allocated to 31 anchor investors at an upper price band of ₹26 per equity shares, the company said in a statement. At this price, IRFC has garnered ₹1,398.63 crore from anchor investors. ....
Updated Jan 19, 2021 | 20:07 IST The IPO has received bids for 152.6 crore equity shares against an offer size of over 124.75 crore equity shares (excluding anchor book portion) IRFC IPO day 2: Issue subscribed 1.22 times, retail portion booked 2.3 times Mumbai: The public offer of the Indian Railway Finance Corporation (IRFC) was subscribed 1.22 times on Tuesday, the second day of the bidding. The IPO has received bids for 152.6 crore equity shares against an offer size of over 124.75 crore equity shares (excluding anchor book portion), the subscription data available on the exchanges showed. The portion set aside for retail investors witnessed subscriptions of 2.33 times and that of employees 27.40 times, while the reserved portion of non-institutional investors was subscribed 24.3 percent and that of qualified institutional buyers 0.16 percent. ....
URL copied IRFC IPO subscribed 1.22 times on 2nd day The initial public offer of Indian Railway Finance Corporation was subscribed 1.22 times on the second day of subscription on Tuesday. The offer received bids for 1,52,64,04,775 shares against 1,24,75,05,993 shares on offer, as per the data available with NSE. The category reserved for non institutional investors was subscribed 24 per cent and retail individual investors (RIIs) 2.33 times. The initial public offer (IPO) is of up to 178.20 crore shares, comprising a fresh issue of up to 118.80 crore shares and an offer for sale of up to 59.40 crore shares. Price range for the offer has been fixed at Rs 25-26 per share. At the upper end of the price band, the IPO is expected to fetch Rs 4,633 crore. ....