Indian Railway Finance Corporation Limited IPO (IRFC IPO)

IRFC IPO
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IRFC is a Public Sector Undertaking (PSU) wholly-owned finance by the Government of India acting through the Ministry of Railways.

The company is registered with the Reserve Bank of India as a systematically important NBFC and is classified under the category of an “Infrastructure Finance Company”.

IRFC is the dedicated market borrowing arm of the Indian Railways. Its primary business is financing the acquisition of rolling stock assets, which includes both powered and unpowered vehicles, for example locomotives, coaches, wagons, trucks, flats, electric multiple units, containers, cranes, trollies of all kinds and other items of rolling stock, leasing of railway infrastructure assets and national projects of the Government of India and lending to other entities under the Ministry of Railways.

The actual capital expenditure of the Indian Railways was INR133,400 crore in FY2019 and IRFC financed INR52,535 crore accounting for 39.38% of the actual capital expenditure.

In FY2019, IRFC was responsible for financing 82% of the Indian Railway’s total rolling stock through a financial leasing model with leasing period typically spanning 30 years.

IRFC IPO

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 Promoters

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

Company Financials

ParticularsFor the year/period ended (₹ in million)
30-Sep-1931-Mar-1931-Mar-1831-Mar-17
Total Assets2,383,664.552,066,036.091,614,684.081,287,503.84
Total Revenue66,612.93111,335.9492,683.8180,137.90
Profit After Tax17,147.9622,546.6120,490.869,211.71

Objects of the Issue

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 
Object Of The Issue

IRFC IPO Details

IPO Opening Date18 JAN 2021
IPO Closing Date20 JAN 2021
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price[25] to [26] per equity share
Market Lot575 Shares
Min Order Quantity575 Shares
Listing AtBSE, NSE
Issue Size₹ 4633.20 Cr
Total Share Issue1,78,20,69,000 Equity Share

IRFC IPO – Schedule

Bid/Offer Opens On18 JAN 2021
Bid/Offer Closes On20 JAN 2021
Finalization of Basis of Allotment25 JAN 2021
Initiation of Refunds27 JAN 2021
Credit of Shares to Demat Acct28 JAN 2021
IPO Shares Listing Date29 JAN 2021

IRFC IPO (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum1575₹14,950
Maximum137,475₹1,94,350

IRFC IPO: How To Apply

Promoters play a very important role in raising much-needed business revenue.

IRFC IPO 
How To Apply For IPO

Apply For IRFC IPO IPO Through ASBA

First, you should know what ASBA is. ASBA stands for Restricted Application Support. It is an application by the bank to apply for an IPO.

You apply with ASBA through the bank because initially, the bank covers the cost of purchasing the IPO. This amount is deducted from your account only after receiving IPO share shares in your Demat account.

All the major banks in the country are expanding the ASBA center. There are about 30 banks on the list, some of which are IDBI Bank Limited, Citi Bank, Punjab National Bank, etc.

The center may be expanded once they have been authorized to do so. These banks block the corresponding amount until the IPO allocation process is finalized.

Now, most of you are probably thinking about how to use the IRFC IPO IPO with ASBA. The process can be completed online or offline for your convenience.

Apart from this, you can also bid for an IRFC IPO IPO through your stockbroker’s online portal (such as Zerodha, Edelweiss, Motilal Oswal, etc.)

Company Contact Information

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
Websitehttp://www.irfc.nic.in

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