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THIS Railway PSU Stock Is Making Investors Rejoice; Shares Rally Manifold Since IPO

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.

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irfc share lists USD 750 million medium term note India INX indian railways


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IRFC lists USD 750-million medium-term note on India INX
Indian Railway Finance Corporation (IRFC) has listed USD 750 million medium-term note on BSE-owned India International Exchange's debt listing platform, the bourse said on Friday. The issue is part of IRFC's USD 4-billion global medium-term note programme, the exchange said in a statement.
The issue, at a coupon of 2.8 per cent per annum, was over-subscribed by more than 4 times.
"IRFC raised USD 750 million in 10-year money under its USD 4-billion global medium-term note programme established on the Global Securities Market (GSM) of India International Exchange (India INX) at GIFT IFSC," the exchange said.

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IRFC share listing today: Grey market premium fizzles out ahead of listing on BSE, NSE

Shares of Indian Railway Finance Corporation (IRFC), a dedicated financing arm of the Indian Railways, will be listed on BSE and NSE on Friday. According to multiple reports, IRFC is losing sheen in grey market, as the premium has since fizzled out. The IRFC listing price will not go beyond Rs 30-31

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IRFC share lists at 4% discount to issue price- Business News


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.

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