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Angel Analysts Research & Consulting | 226 Sector 5 Gurugram Haryana India

IRFC IPO is a book built issue of Rs 4,633.38 crores. The issue is a combination of fresh issue of 118.8 crore shares and offer for sale of 59.4 crore shares.

IRFC IPO bidding started from January 18, 2021 and ended on January 20, 2021. The allotment for IRFC IPO was finalized on Monday, January 25, 2021. The shares got listed on BSE, NSE on January 29, 2021.

IRFC IPO price band is set at ₹25 to ₹26 per share. The minimum lot size for an application is 575 Shares. The minimum amount of investment required by retail investors is ₹14,950.

Hsbc Securities & Capital Markets Pvt Ltd, ICICI Securities Limited, Idfc Bank Limited and SBI Capital Markets Limited are the book running lead managers of the IRFC IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to IRFC IPO RHP for detailed information.

Indian Railway Finance Corporation Limited Logo

IRFC IPO is a book built issue of Rs 4,633.38 crores. The issue is a combination of fresh issue of 118.8 crore shares and offer for sale of 59.4 crore shares.

IRFC IPO bidding started from January 18, 2021 and ended on January 20, 2021. The allotment for IRFC IPO was finalized on Monday, January 25, 2021. The shares got listed on BSE, NSE on January 29, 2021.

IRFC IPO price band is set at ₹25 to ₹26 per share. The minimum lot size for an application is 575 Shares. The minimum amount of investment required by retail investors is ₹14,950.

Hsbc Securities & Capital Markets Pvt Ltd, ICICI Securities Limited, Idfc Bank Limited and SBI Capital Markets Limited are the book running lead managers of the IRFC IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to IRFC IPO RHP for detailed information.

IRFC IPO price band is set at ₹25 to ₹26 per share. The minimum lot size for an application is 575 Shares. The minimum amount of investment required by retail investors is ₹14,950.

Hsbc Securities & Capital Markets Pvt Ltd, ICICI Securities Limited, Idfc Bank Limited and SBI Capital Markets Limited are the book running lead managers of the IRFC IPO, while Kfin Technologies Limited is the registrar for the issue.

Hsbc Securities & Capital Markets Pvt LtdICICI Securities LimitedIdfc Bank LimitedSBI Capital Markets LimitedKfin Technologies Limited

Refer to IRFC IPO RHP for detailed information.

IRFC IPO RHP

IRFC IPO Details

IPO Date January 18, 2021 to January 20, 2021
Listing Date January 29, 2021
Face Value ₹10 per share
Price Band ₹25 to ₹26 per share
Lot Size 575 Shares
Total Issue Size1,782,069,000 shares
(aggregating up to ₹4,633.38 Cr)
Fresh Issue1,188,046,000 shares
(aggregating up to ₹[.] Cr)
Offer for Sale594,023,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

IRFC IPO Reservation

IRFC IPO offers 1,247,505,993 shares. 356,375,339 (28.57%) to QIB, 267,281,504 (21.43%) to NII, 623,656,843 (49.99%) to RII, 192,307 (0.02%) to employees. 1,084,620 RIIs will receive minimum 575 shares and (sNII) and (bNII) will receive minimum 8,050 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered356,375,339 (28.57%)NA
NII (HNI) Shares Offered267,281,504 (21.43%)
Retail Shares Offered623,656,843 (49.99%)1,084,620
Employee Shares Offered192,307 (0.02%)NA
Total Shares Offered1,247,505,993 (100%)

IRFC IPO Timeline (Tentative Schedule)

IRFC IPO opens on January 18, 2021, and closes on January 20, 2021.

IPO Open Date Monday, January 18, 2021
IPO Close Date Wednesday, January 20, 2021
Basis of Allotment Monday, January 25, 2021
Initiation of Refunds Wednesday, January 27, 2021
Credit of Shares to Demat Thursday, January 28, 2021
Listing Date Friday, January 29, 2021
Cut-off time for UPI mandate confirmation 5 PM on January 20, 2021

IRFC IPO Lot Size

Investors can bid for a minimum of 575 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 575 ₹14,950
Retail (Max) 13 7475 ₹194,350
Lot Size Calculator

IRFC IPO Promoter Holding

The President of India acting through the Ministry of Railways (MoR) is the promoter of the company.

Share Holding Pre Issue 100%
Share Holding Post Issue 86%

IRFC IPO Details

IPO Date January 18, 2021 to January 20, 2021
Listing Date January 29, 2021
Face Value ₹10 per share
Price Band ₹25 to ₹26 per share
Lot Size 575 Shares
Total Issue Size1,782,069,000 shares
(aggregating up to ₹4,633.38 Cr)
Fresh Issue1,188,046,000 shares
(aggregating up to ₹[.] Cr)
Offer for Sale594,023,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

IRFC IPO Reservation

IRFC IPO offers 1,247,505,993 shares. 356,375,339 (28.57%) to QIB, 267,281,504 (21.43%) to NII, 623,656,843 (49.99%) to RII, 192,307 (0.02%) to employees. 1,084,620 RIIs will receive minimum 575 shares and (sNII) and (bNII) will receive minimum 8,050 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered356,375,339 (28.57%)NA
NII (HNI) Shares Offered267,281,504 (21.43%)
Retail Shares Offered623,656,843 (49.99%)1,084,620
Employee Shares Offered192,307 (0.02%)NA
Total Shares Offered1,247,505,993 (100%)

IRFC IPO Timeline (Tentative Schedule)

IRFC IPO opens on January 18, 2021, and closes on January 20, 2021.

IPO Open Date Monday, January 18, 2021
IPO Close Date Wednesday, January 20, 2021
Basis of Allotment Monday, January 25, 2021
Initiation of Refunds Wednesday, January 27, 2021
Credit of Shares to Demat Thursday, January 28, 2021
Listing Date Friday, January 29, 2021
Cut-off time for UPI mandate confirmation 5 PM on January 20, 2021

IRFC IPO Lot Size

Investors can bid for a minimum of 575 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 575 ₹14,950
Retail (Max) 13 7475 ₹194,350
Lot Size Calculator

IRFC IPO Promoter Holding

The President of India acting through the Ministry of Railways (MoR) is the promoter of the company.

Share Holding Pre Issue 100%
Share Holding Post Issue 86%

IRFC IPO Details

IPO Date January 18, 2021 to January 20, 2021
Listing Date January 29, 2021
Face Value ₹10 per share
Price Band ₹25 to ₹26 per share
Lot Size 575 Shares
Total Issue Size1,782,069,000 shares
(aggregating up to ₹4,633.38 Cr)
Fresh Issue1,188,046,000 shares
(aggregating up to ₹[.] Cr)
Offer for Sale594,023,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

IRFC IPO Reservation

IRFC IPO offers 1,247,505,993 shares. 356,375,339 (28.57%) to QIB, 267,281,504 (21.43%) to NII, 623,656,843 (49.99%) to RII, 192,307 (0.02%) to employees. 1,084,620 RIIs will receive minimum 575 shares and (sNII) and (bNII) will receive minimum 8,050 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered356,375,339 (28.57%)NA
NII (HNI) Shares Offered267,281,504 (21.43%)
Retail Shares Offered623,656,843 (49.99%)1,084,620
Employee Shares Offered192,307 (0.02%)NA
Total Shares Offered1,247,505,993 (100%)

IRFC IPO Details

IPO Date January 18, 2021 to January 20, 2021
Listing Date January 29, 2021
Face Value ₹10 per share
Price Band ₹25 to ₹26 per share
Lot Size 575 Shares
Total Issue Size1,782,069,000 shares
(aggregating up to ₹4,633.38 Cr)
Fresh Issue1,188,046,000 shares
(aggregating up to ₹[.] Cr)
Offer for Sale594,023,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

IRFC IPO Details

IPO Date January 18, 2021 to January 20, 2021
Listing Date January 29, 2021
Face Value ₹10 per share
Price Band ₹25 to ₹26 per share
Lot Size 575 Shares
Total Issue Size1,782,069,000 shares
(aggregating up to ₹4,633.38 Cr)
Fresh Issue1,188,046,000 shares
(aggregating up to ₹[.] Cr)
Offer for Sale594,023,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
IPO Date January 18, 2021 to January 20, 2021 Listing Date January 29, 2021 Face Value ₹10 per share Price Band ₹25 to ₹26 per share Lot Size 575 Shares Total Issue Size1,782,069,000 shares
(aggregating up to ₹4,633.38 Cr) Fresh Issue1,188,046,000 shares
(aggregating up to ₹[.] Cr) Offer for Sale594,023,000 shares of ₹10
(aggregating up to ₹[.] Cr) Issue Type Book Built Issue IPO Listing At BSE, NSE IPO Date January 18, 2021 to January 20, 2021 IPO DateJanuary 18, 2021 to January 20, 2021 Listing Date January 29, 2021 Listing DateJanuary 29, 2021 Face Value ₹10 per share Face Value₹10 per share Price Band ₹25 to ₹26 per share Price Band₹25 to ₹26 per share Lot Size 575 Shares Lot Size575 SharesTotal Issue Size1,782,069,000 shares
(aggregating up to ₹4,633.38 Cr)Total Issue Size1,782,069,000 shares
(aggregating up to ₹4,633.38 Cr)
Fresh Issue1,188,046,000 shares
(aggregating up to ₹[.] Cr)Fresh Issue1,188,046,000 shares
(aggregating up to ₹[.] Cr)
Offer for Sale594,023,000 shares of ₹10
(aggregating up to ₹[.] Cr)Offer for Sale594,023,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO Issue TypeBook Built Issue IPO Listing At BSE, NSE Listing AtBSE, NSE

IRFC IPO Reservation

IRFC IPO offers 1,247,505,993 shares. 356,375,339 (28.57%) to QIB, 267,281,504 (21.43%) to NII, 623,656,843 (49.99%) to RII, 192,307 (0.02%) to employees. 1,084,620 RIIs will receive minimum 575 shares and (sNII) and (bNII) will receive minimum 8,050 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered356,375,339 (28.57%)NA
NII (HNI) Shares Offered267,281,504 (21.43%)
Retail Shares Offered623,656,843 (49.99%)1,084,620
Employee Shares Offered192,307 (0.02%)NA
Total Shares Offered1,247,505,993 (100%)

IRFC IPO Reservation

IRFC IPO offers 1,247,505,993 shares. 356,375,339 (28.57%) to QIB, 267,281,504 (21.43%) to NII, 623,656,843 (49.99%) to RII, 192,307 (0.02%) to employees. 1,084,620 RIIs will receive minimum 575 shares and (sNII) and (bNII) will receive minimum 8,050 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered356,375,339 (28.57%)NA
NII (HNI) Shares Offered267,281,504 (21.43%)
Retail Shares Offered623,656,843 (49.99%)1,084,620
Employee Shares Offered192,307 (0.02%)NA
Total Shares Offered1,247,505,993 (100%)
Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered356,375,339 (28.57%)NA
NII (HNI) Shares Offered267,281,504 (21.43%)
Retail Shares Offered623,656,843 (49.99%)1,084,620
Employee Shares Offered192,307 (0.02%)NA
Total Shares Offered1,247,505,993 (100%)
Investor Category Shares OfferedMaximum Allottees Investor Category Shares OfferedMaximum Allottees Investor CategoryShares OfferedMaximum Allottees Anchor Investor Shares Offered-NAQIB Shares Offered356,375,339 (28.57%)NANII (HNI) Shares Offered267,281,504 (21.43%)Retail Shares Offered623,656,843 (49.99%)1,084,620Employee Shares Offered192,307 (0.02%)NATotal Shares Offered1,247,505,993 (100%) Anchor Investor Shares Offered-NAAnchor Investor Shares Offered-NAQIB Shares Offered356,375,339 (28.57%)NAQIB Shares Offered356,375,339 (28.57%)NANII (HNI) Shares Offered267,281,504 (21.43%)NII (HNI) Shares Offered267,281,504 (21.43%)Retail Shares Offered623,656,843 (49.99%)1,084,620Retail Shares Offered623,656,843 (49.99%)1,084,620Employee Shares Offered192,307 (0.02%)NAEmployee Shares Offered192,307 (0.02%)NATotal Shares Offered1,247,505,993 (100%)Total Shares Offered1,247,505,993 (100%)

IRFC IPO Timeline (Tentative Schedule)

IRFC IPO opens on January 18, 2021, and closes on January 20, 2021.

IPO Open Date Monday, January 18, 2021
IPO Close Date Wednesday, January 20, 2021
Basis of Allotment Monday, January 25, 2021
Initiation of Refunds Wednesday, January 27, 2021
Credit of Shares to Demat Thursday, January 28, 2021
Listing Date Friday, January 29, 2021
Cut-off time for UPI mandate confirmation 5 PM on January 20, 2021

IRFC IPO Lot Size

Investors can bid for a minimum of 575 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 575 ₹14,950
Retail (Max) 13 7475 ₹194,350
Lot Size Calculator

IRFC IPO Promoter Holding

The President of India acting through the Ministry of Railways (MoR) is the promoter of the company.

Share Holding Pre Issue 100%
Share Holding Post Issue 86%

IRFC IPO Timeline (Tentative Schedule)

IRFC IPO opens on January 18, 2021, and closes on January 20, 2021.

IPO Open Date Monday, January 18, 2021
IPO Close Date Wednesday, January 20, 2021
Basis of Allotment Monday, January 25, 2021
Initiation of Refunds Wednesday, January 27, 2021
Credit of Shares to Demat Thursday, January 28, 2021
Listing Date Friday, January 29, 2021
Cut-off time for UPI mandate confirmation 5 PM on January 20, 2021

IRFC IPO Timeline (Tentative Schedule)

IRFC IPO opens on January 18, 2021, and closes on January 20, 2021.

IPO Open Date Monday, January 18, 2021
IPO Close Date Wednesday, January 20, 2021
Basis of Allotment Monday, January 25, 2021
Initiation of Refunds Wednesday, January 27, 2021
Credit of Shares to Demat Thursday, January 28, 2021
Listing Date Friday, January 29, 2021
Cut-off time for UPI mandate confirmation 5 PM on January 20, 2021
IPO Open Date Monday, January 18, 2021 IPO Close Date Wednesday, January 20, 2021 Basis of Allotment Monday, January 25, 2021 Initiation of Refunds Wednesday, January 27, 2021 Credit of Shares to Demat Thursday, January 28, 2021 Listing Date Friday, January 29, 2021 Cut-off time for UPI mandate confirmation 5 PM on January 20, 2021 IPO Open Date Monday, January 18, 2021 IPO Open DateMonday, January 18, 2021 IPO Close Date Wednesday, January 20, 2021 IPO Close DateWednesday, January 20, 2021 Basis of Allotment Monday, January 25, 2021 Basis of AllotmentMonday, January 25, 2021 Initiation of Refunds Wednesday, January 27, 2021 Initiation of RefundsWednesday, January 27, 2021 Credit of Shares to Demat Thursday, January 28, 2021 Credit of Shares to DematThursday, January 28, 2021 Listing Date Friday, January 29, 2021 Listing DateFriday, January 29, 2021 Cut-off time for UPI mandate confirmation 5 PM on January 20, 2021 Cut-off time for UPI mandate confirmation5 PM on January 20, 2021

IRFC IPO Lot Size

Investors can bid for a minimum of 575 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 575 ₹14,950
Retail (Max) 13 7475 ₹194,350
Lot Size Calculator

IRFC IPO Lot Size

Investors can bid for a minimum of 575 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 575 ₹14,950
Retail (Max) 13 7475 ₹194,350
Lot Size Calculator
Application Lots Shares Amount Application Lots Shares Amount ApplicationLotsSharesAmount Retail (Min) 1 575 ₹14,950 Retail (Max) 13 7475 ₹194,350 Lot Size Calculator Retail (Min) 1 575 ₹14,950 Retail (Min)1575₹14,950 Retail (Max) 13 7475 ₹194,350 Retail (Max)137475₹194,350 Lot Size Calculator Lot Size Calculator Lot Size Calculator Lot Size Calculator

IRFC IPO Promoter Holding

The President of India acting through the Ministry of Railways (MoR) is the promoter of the company.

Share Holding Pre Issue 100%
Share Holding Post Issue 86%

IRFC IPO Promoter Holding

The President of India acting through the Ministry of Railways (MoR) is the promoter of the company.

Share Holding Pre Issue 100%
Share Holding Post Issue 86%
Share Holding Pre Issue 100% Share Holding Post Issue 86% Share Holding Pre Issue 100% Share Holding Pre Issue100% Share Holding Post Issue 86% Share Holding Post Issue86%

About Indian Railway Finance Corporation Limited

Incorporated in 1986, the Indian Railway Finance Corporation (IRFC) is a public-sector enterprise that is wholly-owned by the Government of India. IRFC is primarily engaged in financing the acquisition of rolling stock assets, leasing of railway infrastructure assets, and lending to entities under the Ministry of Railways (MoR). Being the borrowing arm of Indian Railways, IRFC is responsible to raise funds for MoR that is required to procure rolling stock assets (wagons, trucks, electric multiple units, locomotives, coaches), its improvement, expansion, and assets management.

It follows a financial leasing model to finance rolling stock assets procurement for a lease period of 30 years. In fiscal 2019, the actual capital expenditures by the Indian Railways were Rs. 1,334 billion, out of which, IRFC financed Rs. 525.35 bn accounting for 39.34% expenditures.

Competitive strengths

About Indian Railway Finance Corporation Limited

Incorporated in 1986, the Indian Railway Finance Corporation (IRFC) is a public-sector enterprise that is wholly-owned by the Government of India. IRFC is primarily engaged in financing the acquisition of rolling stock assets, leasing of railway infrastructure assets, and lending to entities under the Ministry of Railways (MoR). Being the borrowing arm of Indian Railways, IRFC is responsible to raise funds for MoR that is required to procure rolling stock assets (wagons, trucks, electric multiple units, locomotives, coaches), its improvement, expansion, and assets management.

It follows a financial leasing model to finance rolling stock assets procurement for a lease period of 30 years. In fiscal 2019, the actual capital expenditures by the Indian Railways were Rs. 1,334 billion, out of which, IRFC financed Rs. 525.35 bn accounting for 39.34% expenditures.

Competitive strengths

Incorporated in 1986, the Indian Railway Finance Corporation (IRFC) is a public-sector enterprise that is wholly-owned by the Government of India. IRFC is primarily engaged in financing the acquisition of rolling stock assets, leasing of railway infrastructure assets, and lending to entities under the Ministry of Railways (MoR). Being the borrowing arm of Indian Railways, IRFC is responsible to raise funds for MoR that is required to procure rolling stock assets (wagons, trucks, electric multiple units, locomotives, coaches), its improvement, expansion, and assets management.

It follows a financial leasing model to finance rolling stock assets procurement for a lease period of 30 years. In fiscal 2019, the actual capital expenditures by the Indian Railways were Rs. 1,334 billion, out of which, IRFC financed Rs. 525.35 bn accounting for 39.34% expenditures.

Competitive strengths

Competitive strengths
  • Strategic role in Indian Railways growth.
  • Sound credit rating i.e. CRISIL AAA/A1+ and ICRA AAA/A1+.
  • Competitive cost of borrowing.
  • Strong financial performance.
  • Sound asset-liability management.
  • Experienced management team.
  • Company Financials

    Summary of financial Information (Restated Consolidated)
    Particulars For the year/period ended (Rs in million)
    30-Sep-20 31-Mar-20 31-Mar-19 31-Mar-18
    Total Assets 29,19,865.81 27,55,041.29 20,64,382.95 16,14,510.41
    Total Revenue 73,848.29 1,34,210.90 1,09,873.55 92,078.39
    Profit After Tax 18,868.41 31,920.96 21,399.33 20,014.60

    Company Financials

    Summary of financial Information (Restated Consolidated)
    Particulars For the year/period ended (Rs in million)
    30-Sep-20 31-Mar-20 31-Mar-19 31-Mar-18
    Total Assets 29,19,865.81 27,55,041.29 20,64,382.95 16,14,510.41
    Total Revenue 73,848.29 1,34,210.90 1,09,873.55 92,078.39
    Profit After Tax 18,868.41 31,920.96 21,399.33 20,014.60
    Summary of financial Information (Restated Consolidated)
    Particulars For the year/period ended (Rs in million)
    30-Sep-20 31-Mar-20 31-Mar-19 31-Mar-18
    Total Assets 29,19,865.81 27,55,041.29 20,64,382.95 16,14,510.41
    Total Revenue 73,848.29 1,34,210.90 1,09,873.55 92,078.39
    Profit After Tax 18,868.41 31,920.96 21,399.33 20,014.60
    Summary of financial Information (Restated Consolidated) Particulars For the year/period ended (Rs in million) Particulars For the year/period ended (Rs in million) ParticularsFor the year/period ended (Rs in million) 30-Sep-20 31-Mar-20 31-Mar-19 31-Mar-18 Total Assets 29,19,865.81 27,55,041.29 20,64,382.95 16,14,510.41 Total Revenue 73,848.29 1,34,210.90 1,09,873.55 92,078.39 Profit After Tax 18,868.41 31,920.96 21,399.33 20,014.60 30-Sep-20 31-Mar-20 31-Mar-19 31-Mar-18 30-Sep-2030-Sep-2031-Mar-2031-Mar-2031-Mar-1931-Mar-1931-Mar-1831-Mar-18 Total Assets 29,19,865.81 27,55,041.29 20,64,382.95 16,14,510.41 Total AssetsTotal Assets29,19,865.8127,55,041.2920,64,382.9516,14,510.41 Total Revenue 73,848.29 1,34,210.90 1,09,873.55 92,078.39 Total RevenueTotal Revenue73,848.291,34,210.901,09,873.5592,078.39 Profit After Tax 18,868.41 31,920.96 21,399.33 20,014.60 Profit After TaxProfit After Tax18,868.4131,920.9621,399.3320,014.60

    Objects of the Issue (IRFC IPO Objectives)

    The net IPO proceeds are proposed to be utilized for the following objects:

    Objects of the Issue (IRFC IPO Objectives)

    The net IPO proceeds are proposed to be utilized for the following objects:

  • To augment company's equity capital base to meet business future growth requirements.
  • To meet general corporate purposes.
  • IRFC IPO Review (May apply)

    [Dilip Davda]  The issue is priced attractively by a dividend-paying PSU. It is likely to get fancy post listing being the first mover in the segment. Investors may consider investment for long term rewards as this company is laying its future on track and poised for better growth going forward. Read detail review...

    IRFC IPO Review (May apply)

    (May apply)

    [Dilip Davda]  The issue is priced attractively by a dividend-paying PSU. It is likely to get fancy post listing being the first mover in the segment. Investors may consider investment for long term rewards as this company is laying its future on track and poised for better growth going forward. Read detail review...

    [Dilip Davda]  Read detail review...

    IRFC IPO Subscription Status (Bidding Detail)

    The IRFC IPO is subscribed 3.49 times on January 20, 2021 7:49:00 AM. The public issue subscribed 3.66 times in the retail category, 3.78 times in the QIB category, and 2.67 times in the NII category. Check Day by Day Subscription Details (Live Status)

    Application Wise IPO Subscription (Retail): 2551325 times

    CategorySubscription (times)
    QIB3.78
    NII2.67
    Retail3.66
    Employee43.76
    Total3.49

    IRFC IPO Subscription Status (Bidding Detail)

    The IRFC IPO is subscribed 3.49 times on January 20, 2021 7:49:00 AM. The public issue subscribed 3.66 times in the retail category, 3.78 times in the QIB category, and 2.67 times in the NII category. Check Day by Day Subscription Details (Live Status)

    Application Wise IPO Subscription (Retail): 2551325 times

    CategorySubscription (times)
    QIB3.78
    NII2.67
    Retail3.66
    Employee43.76
    Total3.49

    IRFC IPO Subscription Status (Bidding Detail)

    The IRFC IPO is subscribed 3.49 times on January 20, 2021 7:49:00 AM. The public issue subscribed 3.66 times in the retail category, 3.78 times in the QIB category, and 2.67 times in the NII category. Check Day by Day Subscription Details (Live Status)

    3.49Day by Day Subscription Details (Live Status)

    Application Wise IPO Subscription (Retail): 2551325 times

    Application Wise IPO Subscription (Retail)
    CategorySubscription (times)
    QIB3.78
    NII2.67
    Retail3.66
    Employee43.76
    Total3.49
    CategorySubscription (times)CategorySubscription (times)CategoryCategorySubscription (times)QIB3.78NII2.67Retail3.66Employee43.76Total3.49QIB3.78QIB3.78NII2.67NII2.67Retail3.66Retail3.66Employee43.76Employee43.76Total3.49Total3.49

    IRFC IPO Prospectus

    IRFC IPO Rating

    4014
    4.1
    Rating:Rated 4.1 stars
    Vote Here ...

    IRFC IPO Listing Details

    Listing Date January 29, 2021
    BSE Script Code 543257
    NSE Symbol IRFC
    ISIN INE053F01010
    Final Issue Price ₹26 per share

    Pre-Open Session - NSE Pre-Open Session - BSE

    Listing Day Trading Information

    Price Details
    Final Issue Price
    Open
    Low
    High
    Last Trade
    BSE
    ₹26.00
    ₹25.00
    ₹24.30
    ₹25.80
    ₹24.85
    NSE
    ₹26.00
    ₹24.90
    ₹24.35
    ₹25.80
    ₹24.80

    Check IPO Performance…

    Indian Railway Finance Corporation Limited Contact Details

    Indian Railway Finance Corporation Limited
    UG-Floor, East Tower, NBCC Place
    Bisham Pitamah Marg, Pragati Vihar, Lodhi Road
    New Delhi - 110 003
    Phone: 91 (11) 2436 9766
    Email: dgmcs@irfc.nic.in
    Website: http://www.irfc.nic.in

    IRFC IPO Registrar

    Kfin Technologies Limited

    Phone: 04067162222, 04079611000
    Email: einward.ris@kfintech.com
    Website: https://kosmic.kfintech.com/ipostatus/

    IRFC IPO - Buy or Not

    IRFC IPO Recommendation Summary

    Review By Subscribe Neutral Avoid
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    IRFC IPO Prospectus

    IRFC IPO Rating

    4014
    4.1
    Rating:Rated 4.1 stars
    Vote Here ...

    IRFC IPO Prospectus

    IRFC IPO Prospectus

    IRFC IPO Prospectus

    IRFC IPO Prospectus

  •   ›  IRFC IPO DRHP
  • IRFC IPO DRHP
  •   ›  IRFC IPO RHP
  • IRFC IPO RHP

    IRFC IPO Rating

    4014
    4.1
    Rating:Rated 4.1 stars
    Vote Here ...

    IRFC IPO Rating

    4014
    4.1
    Rating:Rated 4.1 stars
    Vote Here ...

    IRFC IPO Rating

    IRFC IPO Rating

    4014
    4.1
    Rating:Rated 4.1 stars
    Vote Here ...
    4014
    4.1
    Rating:Rated 4.1 stars
    Vote Here ...
    4014
    4.1
    4014
    4014
    4.1
    4.1
    Rating:Rated 4.1 stars
    Rating:Rated 4.1 starsRated 4.1 starsRated 4.1 stars
    Vote Here ...
    Vote Here ...Vote Here ...
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    IRFC IPO Listing Details

    Listing Date January 29, 2021
    BSE Script Code 543257
    NSE Symbol IRFC
    ISIN INE053F01010
    Final Issue Price ₹26 per share

    Pre-Open Session - NSE Pre-Open Session - BSE

    Listing Day Trading Information

    Price Details
    Final Issue Price
    Open
    Low
    High
    Last Trade
    BSE
    ₹26.00
    ₹25.00
    ₹24.30
    ₹25.80
    ₹24.85
    NSE
    ₹26.00
    ₹24.90
    ₹24.35
    ₹25.80
    ₹24.80

    Check IPO Performance…

    IRFC IPO Listing Details

    Listing Date January 29, 2021
    BSE Script Code 543257
    NSE Symbol IRFC
    ISIN INE053F01010
    Final Issue Price ₹26 per share

    Pre-Open Session - NSE Pre-Open Session - BSE

    IRFC IPO Listing Details

    Listing Date January 29, 2021
    BSE Script Code 543257
    NSE Symbol IRFC
    ISIN INE053F01010
    Final Issue Price ₹26 per share

    Pre-Open Session - NSE Pre-Open Session - BSE

    IRFC IPO Listing Details

    IRFC IPO Listing Details

    Listing Date January 29, 2021
    BSE Script Code 543257
    NSE Symbol IRFC
    ISIN INE053F01010
    Final Issue Price ₹26 per share

    Pre-Open Session - NSE Pre-Open Session - BSE

    Listing Date January 29, 2021
    BSE Script Code 543257
    NSE Symbol IRFC
    ISIN INE053F01010
    Final Issue Price ₹26 per share
    Listing Date January 29, 2021 BSE Script Code 543257 NSE Symbol IRFC ISIN INE053F01010 Final Issue Price ₹26 per share Listing Date January 29, 2021 Listing DateListing DateJanuary 29, 2021 BSE Script Code 543257 BSE Script CodeBSE Script Code543257 NSE Symbol IRFC NSE SymbolNSE SymbolIRFC ISIN INE053F01010 ISINISININE053F01010 Final Issue Price ₹26 per share Final Issue PriceFinal Issue Price₹26 per share

    Pre-Open Session - NSE Pre-Open Session - BSE

    Pre-Open Session - NSEPre-Open Session - BSE

    Listing Day Trading Information

    Price Details
    Final Issue Price
    Open
    Low
    High
    Last Trade
    BSE
    ₹26.00
    ₹25.00
    ₹24.30
    ₹25.80
    ₹24.85
    NSE
    ₹26.00
    ₹24.90
    ₹24.35
    ₹25.80
    ₹24.80

    Check IPO Performance…

    Listing Day Trading Information

    Price Details
    Final Issue Price
    Open
    Low
    High
    Last Trade
    BSE
    ₹26.00
    ₹25.00
    ₹24.30
    ₹25.80
    ₹24.85
    NSE
    ₹26.00
    ₹24.90
    ₹24.35
    ₹25.80
    ₹24.80

    Check IPO Performance…

    Listing Day Trading Information

    Listing Day Trading Information

    Price Details
    Final Issue Price
    Open
    Low
    High
    Last Trade
    BSE
    ₹26.00
    ₹25.00
    ₹24.30
    ₹25.80
    ₹24.85
    NSE
    ₹26.00
    ₹24.90
    ₹24.35
    ₹25.80
    ₹24.80

    Check IPO Performance…

    Price Details
    Final Issue Price
    Open
    Low
    High
    Last Trade
    BSE
    ₹26.00
    ₹25.00
    ₹24.30
    ₹25.80
    ₹24.85
    NSE
    ₹26.00
    ₹24.90
    ₹24.35
    ₹25.80
    ₹24.80

    Check IPO Performance…

    Price Details
    Final Issue Price
    Open
    Low
    High
    Last Trade
    Price Details
    Final Issue Price
    Open
    Low
    High
    Last Trade
    Price Details Price Details Price Details Final Issue Price Open Low High Last Trade Final Issue Price Final Issue PriceFinal Issue Price Open OpenOpen Low LowLow High HighHigh Last Trade Last TradeLast Trade
    BSE
    ₹26.00
    ₹25.00
    ₹24.30
    ₹25.80
    ₹24.85
    BSE
    ₹26.00
    ₹25.00
    ₹24.30
    ₹25.80
    ₹24.85
    BSE BSE BSEBSE ₹26.00 ₹25.00 ₹24.30 ₹25.80 ₹24.85 ₹26.00 ₹26.00 ₹25.00 ₹25.00 ₹24.30 ₹24.30 ₹25.80 ₹25.80 ₹24.85 ₹24.85
    NSE
    ₹26.00
    ₹24.90
    ₹24.35
    ₹25.80
    ₹24.80
    NSE
    ₹26.00
    ₹24.90
    ₹24.35
    ₹25.80
    ₹24.80
    NSE NSE NSENSE ₹26.00 ₹24.90 ₹24.35 ₹25.80 ₹24.80 ₹26.00 ₹26.00 ₹24.90 ₹24.90 ₹24.35 ₹24.35 ₹25.80 ₹25.80 ₹24.80 ₹24.80

    Check IPO Performance…

    Check IPO Performance…

    Indian Railway Finance Corporation Limited Contact Details

    Indian Railway Finance Corporation Limited
    UG-Floor, East Tower, NBCC Place
    Bisham Pitamah Marg, Pragati Vihar, Lodhi Road
    New Delhi - 110 003
    Phone: 91 (11) 2436 9766
    Email: dgmcs@irfc.nic.in
    Website: http://www.irfc.nic.in

    IRFC IPO Registrar

    Kfin Technologies Limited

    Phone: 04067162222, 04079611000
    Email: einward.ris@kfintech.com
    Website: https://kosmic.kfintech.com/ipostatus/

    Indian Railway Finance Corporation Limited Contact Details

    Indian Railway Finance Corporation Limited
    UG-Floor, East Tower, NBCC Place
    Bisham Pitamah Marg, Pragati Vihar, Lodhi Road
    New Delhi - 110 003
    Phone: 91 (11) 2436 9766
    Email: dgmcs@irfc.nic.in
    Website: http://www.irfc.nic.in

    Indian Railway Finance Corporation Limited Contact Details

    Indian Railway Finance Corporation Limited
    UG-Floor, East Tower, NBCC Place
    Bisham Pitamah Marg, Pragati Vihar, Lodhi Road
    New Delhi - 110 003
    Phone: 91 (11) 2436 9766
    Email: dgmcs@irfc.nic.in
    Website: http://www.irfc.nic.in

    Indian Railway Finance Corporation Limited Contact Details

    Indian Railway Finance Corporation Limited Contact Details

    Indian Railway Finance Corporation Limited
    UG-Floor, East Tower, NBCC Place
    Bisham Pitamah Marg, Pragati Vihar, Lodhi Road
    New Delhi - 110 003
    Phone: 91 (11) 2436 9766
    Email: dgmcs@irfc.nic.in
    Website: http://www.irfc.nic.in

    Indian Railway Finance Corporation Limited
    UG-Floor, East Tower, NBCC Place
    Bisham Pitamah Marg, Pragati Vihar, Lodhi Road
    New Delhi - 110 003
    Phone: 91 (11) 2436 9766
    Email: dgmcs@irfc.nic.in
    Website: http://www.irfc.nic.in

    Indian Railway Finance Corporation Limited
    UG-Floor, East Tower, NBCC Place
    Bisham Pitamah Marg, Pragati Vihar, Lodhi Road
    New Delhi - 110 003
    Phone: 91 (11) 2436 9766
    Email: dgmcs@irfc.nic.in
    Website: http://www.irfc.nic.in

    Indian Railway Finance Corporation Limited
    UG-Floor, East Tower, NBCC Place
    Bisham Pitamah Marg, Pragati Vihar, Lodhi Road
    New Delhi - 110 003
    Phone: 91 (11) 2436 9766
    Email: dgmcs@irfc.nic.in
    Website: http://www.irfc.nic.in
    Bisham Pitamah Marg, Pragati Vihar, Lodhi Road
    New Delhi - 110 003
    Phone: 91 (11) 2436 9766
    Email: dgmcs@irfc.nic.in
    Website: http://www.irfc.nic.in
    New Delhi - 110 003
    Phone: 91 (11) 2436 9766
    Email: dgmcs@irfc.nic.in
    Website: http://www.irfc.nic.in
    Phone: 91 (11) 2436 9766
    Email: dgmcs@irfc.nic.in
    Website: http://www.irfc.nic.in Phone
    Email: dgmcs@irfc.nic.in
    Website: http://www.irfc.nic.in Email
    Website: http://www.irfc.nic.in Websitehttp://www.irfc.nic.in

    IRFC IPO Registrar

    Kfin Technologies Limited

    Phone: 04067162222, 04079611000
    Email: einward.ris@kfintech.com
    Website: https://kosmic.kfintech.com/ipostatus/

    IRFC IPO Registrar

    Kfin Technologies Limited

    Phone: 04067162222, 04079611000
    Email: einward.ris@kfintech.com
    Website: https://kosmic.kfintech.com/ipostatus/

    IRFC IPO Registrar

    IRFC IPO Registrar

    Kfin Technologies Limited

    Phone: 04067162222, 04079611000
    Email: einward.ris@kfintech.com
    Website: https://kosmic.kfintech.com/ipostatus/

    Kfin Technologies Limited

    Phone: 04067162222, 04079611000
    Email: einward.ris@kfintech.com
    Website: https://kosmic.kfintech.com/ipostatus/

    Kfin Technologies LimitedKfin Technologies Limited

    Phone: 04067162222, 04079611000
    Email: einward.ris@kfintech.com
    Website: https://kosmic.kfintech.com/ipostatus/
    Phone: 04067162222, 04079611000
    Email: einward.ris@kfintech.com
    Website: https://kosmic.kfintech.com/ipostatus/ Phone
    Email: einward.ris@kfintech.com
    Website: https://kosmic.kfintech.com/ipostatus/ Email
    Website: https://kosmic.kfintech.com/ipostatus/ Websitehttps://kosmic.kfintech.com/ipostatus/

    IRFC IPO - Buy or Not

    IRFC IPO Recommendation Summary

    Review By Subscribe Neutral Avoid
    Brokers 6 0 0
    Members 0 0 0

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    IRFC IPO - Buy or Not

    IRFC IPO Recommendation Summary

    Review By Subscribe Neutral Avoid
    Brokers 6 0 0
    Members 0 0 0

    Read All Reviews Post Your Review Manage Reviews

    IRFC IPO - Buy or Not

    IRFC IPO Recommendation Summary

    Review By Subscribe Neutral Avoid
    Brokers 6 0 0
    Members 0 0 0

    Read All Reviews Post Your Review Manage Reviews

    IRFC IPO - Buy or Not

    IRFC IPO - Buy or Not

    IRFC IPO Recommendation Summary

    Review By Subscribe Neutral Avoid
    Brokers 6 0 0
    Members 0 0 0

    Read All Reviews Post Your Review Manage Reviews

    IRFC IPO Recommendation Summary

    Review By Subscribe Neutral Avoid
    Brokers 6 0 0
    Members 0 0 0

    Read All Reviews Post Your Review Manage Reviews

    IRFC IPO Recommendation Summary

    Review By Subscribe Neutral Avoid
    Brokers 6 0 0
    Members 0 0 0
    Review By Subscribe Neutral Avoid Brokers 6 0 0 Members 0 0 0 Review By Subscribe Neutral Avoid Review BySubscribeNeutralAvoid Brokers 6 0 0 Brokers Brokers600 Members 0 0 0 MembersMembers000

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    IRFC IPO Lead Manager(s)

    IRFC IPO Lead Manager(s)

    1. Hsbc Securities & Capital Markets Pvt Ltd (Past IPO Performance)
    2. ICICI Securities Limited (Past IPO Performance)
    3. Idfc Bank Limited (Past IPO Performance)
    4. SBI Capital Markets Limited (Past IPO Performance)

    Lead Manager Reports

    IRFC IPO Lead Manager(s)

    IRFC IPO Lead Manager(s)

    1. Hsbc Securities & Capital Markets Pvt Ltd (Past IPO Performance)
    2. ICICI Securities Limited (Past IPO Performance)
    3. Idfc Bank Limited (Past IPO Performance)
    4. SBI Capital Markets Limited (Past IPO Performance)

    Lead Manager Reports

    1. Hsbc Securities & Capital Markets Pvt Ltd (Past IPO Performance)
    2. ICICI Securities Limited (Past IPO Performance)
    3. Idfc Bank Limited (Past IPO Performance)
    4. SBI Capital Markets Limited (Past IPO Performance)
  • Hsbc Securities & Capital Markets Pvt Ltd (Past IPO Performance)
  • Hsbc Securities & Capital Markets Pvt LtdPast IPO Performance
  • ICICI Securities Limited (Past IPO Performance)
  • ICICI Securities LimitedPast IPO Performance
  • Idfc Bank Limited (Past IPO Performance)
  • Idfc Bank LimitedPast IPO Performance
  • SBI Capital Markets Limited (Past IPO Performance)
  • SBI Capital Markets LimitedPast IPO Performance

    Lead Manager Reports

    Lead Manager Reports
  • IPO Lead Manager Performance Summary
  • IPO Lead Manager Performance Summary
  • IPO Lead Manager Performance Tracker
  • IPO Lead Manager Performance Tracker