Status
Listed
Price band
₹25–₹26
Shares in one lotA lot is the smallest bundle of shares you can apply for. Lot size, in the glossary
575 shares
Minimum money
₹14,950 for 1 lot
Issue size
₹4,633.38 crore
Dates
18 Jan 2021 – 20 Jan 2021
Official links
- Allotment statusAllotment is the decision of who gets shares after the issue closes. Basis of allotment, in the glossary
How to apply
Use UPI and ASBA. The guide covers the close, allotment, and the T+3 listing.
Open the guideRelated guides
Indian Railway Finance Corporation Ltd. (IRFC) IPO is listed. It opens on 18 Jan 2021 and closes on 20 Jan 2021. The price band is ₹25 to ₹26. One lot is 575 shares, and the minimum amount is ₹14,950. The issue size is ₹4,633.38 crore, with a fresh issue of ₹3,088.92 crore and an offer for sale of ₹1,544.46 crore. In FY19, total income was ₹1,956.66 crore and profit after tax was ₹272.6 crore. Total income was up 24.7% from ₹1,569.56 crore in FY18. Profit after tax was up 23.6% from ₹220.62 crore in FY18.
The total subscription for Indian Railway Finance Corporation Ltd. (IRFC) is 3.49 times.
Indian Railway Finance Corporation Ltd. (IRFC) listed at ₹24.9.
Indian Railway Finance Corporation (IRFC) is the dedicated financing arm of Indian Railways. It mainly funds rolling stock and railway infrastructure through leasing.
Dates
Opens
18 Jan 2021
Closes
20 Jan 2021
AllotmentAllotment is the decision of who gets shares after the issue closes. Basis of allotment, in the glossary
25 Jan 2021
Refunds
27 Jan 2021
Demat credit
28 Jan 2021
Listing
29 Jan 2021
Objects of the issue
- Augmenting ourequity capital base to meet ourfuture capital requirements arising out of growth in our business
- General corporate purposes
- Issue expenses
Subscription
Subscribed 3.49x overall. Final, as of 20 Jan 5 pm IST.
Total
3.49x
Issue structure
Fresh issue and offer for sale
How the issue is split. Amounts are in ₹ crore.
| Part | Amount |
|---|---|
| Fresh issue | ₹3,088.92 crore |
| Offer for sale | ₹1,544.46 crore |
Reservation
Share kept for each group. The percents are the published figures.
| Part | Amount |
|---|---|
| Retail | 35% |
| Large bids | 15% |
| Big funds | 50% |
Issue
- Face value
- ₹10
- Fresh issue
- ₹3,088.92 crore
- Offer for saleOFS means offer for sale. Existing owners are selling shares. The company does not get that money.
- ₹1,544.46 crore
- Exchanges
- BSE, NSE
- Registrar
- Kfin Technologies Ltd.
Reservation
- Retail
- 35%
- Large bidsNII means a bid bigger than the retail limit, and not from a big institution. How allotment works
- 15%
- Big fundsQIB means a big institution, such as a mutual fund or a bank. How allotment works
- 50%
Financials
₹ crore, for the last three reported years.
Total income and profit
Each chart has its own scale. Amounts are in ₹ crore.
Total income
Profit after tax
| Year | Total income | Profit |
|---|---|---|
| FY17 | ₹1,602.85 crore | ₹229.08 crore |
| FY18 | ₹1,569.56 crore | ₹220.62 crore |
| FY19 | ₹1,956.66 crore | ₹272.6 crore |
Net worth
₹ crore, for each year that reports net worth.
| Year | Net worth |
|---|---|
| FY17 | ₹786.56 crore |
| FY18 | ₹954.53 crore |
| FY19 | ₹1,042.84 crore |
| Year | Total income | PAT | Net worth | Assets | Borrowings |
|---|---|---|---|---|---|
| FY17 | 1,602.85 | 229.08 | 786.56 | — | — |
| FY18 | 1,569.56 | 220.62 | 954.53 | — | — |
| FY19 | 1,956.66 | 272.6 | 1,042.84 | — | — |
Listing
- Listing price
- ₹24.9
- Close on listing day
- ₹24.8
- Listing gainListing gain is how far the first traded price sits above or below the issue price. Capital gains, in the glossary
- -4.23% versus ₹26
Frequently asked questions
When does this issue open?
It opens on 18 Jan 2021 and closes on 20 Jan 2021.
What is the lot size and the minimum amount?
One lot is 575 shares. The minimum amount is ₹14,950 for 1 lot.
When are allotment and listing?
Allotment is on 25 Jan 2021. Listing is on 29 Jan 2021.
What is the price band?
The price band is ₹25 to ₹26.
What is the issue size?
The issue size is ₹4,633.38 crore.
How many times was it subscribed?
The total subscription is 3.49 times, checked 20 Jan 2021, 5:00 pm IST.
What was the listing gain?
The listing gain against the top of the price band is -4.23%.
This page is a calendar of dates and prices. It is not a recommendation to apply.