Indian Railway Finance Corporation (IRFC) IPO opens next week. Key things to know.

IRFC IPO

  • Indian Railway Finance Corporation to launch IPO on January 18; price band set at Rs 25-26
  • The three-day public issue will close on January 20. The company aims to raise Rs 4,633.4 crore at the higher end of the price band.
  • IRFC IPO will be the first by a non-banking financial company (NBFC) in the public sector. IRFC is the first NBFC in the PSU sector that is going public.
  • Anchor book on Jan 15 and the Main book from Jan 18-20," the secretary at Department of Investment and Public Asset Management, tweeted.
  • IRFC, set up in 1986, is a dedicated financing arm of the Indian Railways for mobilizing funds from domestic as well as overseas markets. Its primary objective of IRFC is to meet the predominant portion of ‘Extra Budgetary Resources’ (EBR) requirement of the Indian Railways through market borrowings at the most competitive rates and terms.
  • IRFC, is a Schedule ‘A’ Public Sector Enterprise under the administrative control of the Ministry of Railways, Govt. of India and non–deposit taking Non Banking Financial Company (NBFC) and Infrastructure Finance Company (NBFC- IFC) with Reserve Bank of India (RBI).
  • IRFC is registered with the Reserve Bank of India as an NBFC and is classified under the category of an 'Infrastructure Finance Company' of the Reserve Bank of India Act
  • The book running lead managers to the issue are DAM Capital Advisors, HSBC Securities and Capital Markets (India), ICICI Securities and SBI Capital Markets.
  •  IRFC is the first NBFC in the PSU sector that is going public
  •  IRFC, set up in 1986, is a dedicated financing arm of the Indian Railways
  •   So guys decide and take action as per your risk appetite only. IPOs are subjected to market risk.


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