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IRFC garners over ₹1,398 cr from anchor investors ahead of IPO

IRFC garners over ₹1,398 cr from anchor investors ahead of IPO
The Fine Organic IPO will close on 22 June. Photo: iStock
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. 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
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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.

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IRFC IPO opens today with price band of Rs 25-26 per share

The initial public offering (IPO) of the Indian Railway Finance Corporation (IRFC) will open on January 18 in the price band of Rs 25-26 per share.

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IRFC IPO Indian Railway Finance Corporation IPO opens price band closing date fund raising details

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IRFC IPO opens today. Check price band, closing date - Should you invest? The initial public offering (IPO) of Indian Railway Finance Corporation (IRFC) worth about Rs 4,600 crore will hit the market today on January 18.
The initial public offering (IPO) of Indian Railway Finance Corporation (IRFC) worth about Rs 4,600 crore will hit the market today on January 18.Â The Union Cabinet had in April 2017 approved the listing of five railway companies. Four of them --Â IRCONÂ International Ltd, RITES Ltd, RailÂ VikasÂ NigamÂ Ltd, and Indian Railway Catering and Tourism Corp -- have already been listed.Â

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Indian Railway Finance Corporation Ltd raised Rs 1398.63 crores from 31 anchor investors ahead of its public issue

Indian Railway Finance Corporation Ltd raised Rs 1398.63 crores from 31 anchor investors ahead of its public issue

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