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Indian Railway Finance Corporation IPO to Raise Rs 4,600 Crore; Issue Opens on Jan 18


Indian Railway Finance Corporation IPO to Raise Rs 4,600 Crore; Issue Opens on Jan 18
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The initial public offering (IPO) of Indian Railway Finance Corporation (IRFC) worth about Rs 4,600 crore will hit the market on January 18, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said on Wednesday. ”IRFC coming up for listing with a Rs 4600 cr+ issue in a price band of Rs 25-26 per share. Anchor book on Jan 15 and the main book from Jan 18-20,” he tweeted.
This will be the first IPO by a railway non-banking financial company (NBFC). In January 2020, IRFC had filed draft papers for its IPO. ....

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IRCTC share rises 6% after offer for sale ends- Business News


IRCTC share rises 6% after offer for sale ends
IRCTC share gained up to 5.82% to Rs 1,508 against previous close of Rs 1,425 on BSE
BusinessToday.In | December 14, 2020 | Updated 12:49 IST
IRCTC share trades higher than 20 day, 50 day, 100 day and 200 day moving averages but lower than 5 day moving averages.
Share of IRCTC rebounded from Friday s low in early trade today after the end of two day offer for sale (OFS). IRCTC share gained up to 6.12% to Rs 1,508 against previous close of Rs 1,421 on NSE.
On BSE, IRCTC stock rose up to 5.82% to Rs 1,508 against previous close of Rs 1,425.
The railways stock has gained after 4 days of consecutive fall. The share trades higher than 20 day, 50 day, 100 day and 200 day moving averages but lower than 5 day moving averages. ....

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