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IRFC IPO subscribed 65% on first day of share sale


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. ....

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IRFC IPO opens today: Should you subscribe to the share sale?


IRFC IPO opens today: Should you subscribe to the share sale?
Ahead of the IPO, IRFC had raised Rs 1,398.63 crores from 31 anchor investors. IRFC is issuing shares at a price band of Rs 25 to Rs 26
BusinessToday.In | January 18, 2021 | Updated 13:09 IST
KFin Technologies Private Ltd will be the registrar to the issue
The three-day initial share-sale of Indian Railway Finance Corporation (IRFC) worth Rs 4,600 crore was launched today. The first-ever IPO by a non-banking financial company (NBFC) in the public sector is being done by a dedicated market borrowing arm of the Indian Railways. The IPO will close on January 21. Price band for the IRFC IPO has been fixed at Rs 25 to Rs 26 per share. ....

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