Skip to main content

IRFC IPO Date, Details, Date, Gmp, Allotment, Review



Indian Railway Finance Corporation Limited IPO (IRFC IPO) Details 
Indian Railway Finance Corporation Limited


On 18 Jan 2021:-GMP Rs. 1.1
For Past trend ,See bottom of Page.

Indian Railway Finance Corporation known as IRFC is a finance arm of the Indian Railways. The Indian Railway Finance Corporation (IRFC) is a public-sector enterprise that is wholly-owned by the Government of India. Incorporated in the year 1986.
IRFC raises money through financial bonds and from banks and financial institutions. 
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 components as enumerated in the Standard Lease Agreement, leasing of railway infrastructure assets and national projects of the Government of India (Project Assets) and lending to other entities under the Ministry of Railways, Government of India (“MOR”).
The Ministry of Railways (MOR) is responsible for the procurement of Rolling Stock Assets and for the improvement, expansion and maintenance of Project Assets. 
IRFC is responsible for raising the finance required for such activities for Ministry of Railways (MOR).


Company Strengths 
  • The Company has a Strategic role in Indian Railways growth.
  • Competitive cost of borrowings based on strong credit ratings in India and diversified sources of funding.
  • Strong Consistent financial performance.
  • Experienced management team.
  • Company With Zero Non Performing Assets.

Company Weakness
  • The main Revenue Comes from the Indian Railways so the growth of IRFC is directly depended on Indian Railways.
  • If Privatisation of Railways is done the impacts can be seen on IRFC.


Promoters of Company:
The President of India acting through the Ministry of Railways (MOR) is the promoter of the company.

  IRFC IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding86%

Objectives Of Issue: 

  • To meet the general corporate purposes. 
  • To augment company's equity capital base to meet business future growth requirements.

IRFC IPO Details

IPO Opening DateJan 18, 2021
IPO Closing DateJan 20, 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 Size1,782,069,000 Eq. Shares of ₹10
(aggregating up to ₹4,633.38 Cr)
Fresh Issue1,188,046,000 Eq. Shares of ₹10
(aggregating up to ₹3088.92 Cr)
Offer for Sale594,023,000 Eq. Shares of ₹10
(aggregating up to ₹1546.44 Cr)

Category-wise Break up:

Anchor 53,45,63,010 Shares  1,389.86Crs
QIB35,63,75,340 Shares  926.58Crs
NII26,72,81,505 Shares  694.93Crs
RII  (35%)62,36,56,845 Shares  1621.51Crs (Lot size: 575)
Employee Quota1,92,300 Shares        00.50Crs
Total Issue Size1,782,069,000 Eq. Shares of ₹10
(aggregating up to ₹4,633.38 Cr)


Company Financials:

                                                (in INR crore)

 FY2018FY2019FY2020 
Revenue9,268.411,133.613,838.5 
Expenses6,675.98,232.010,146.1 
Net income2,049.92,254.83,691.9 
Margin (%)22.120.326.7


Earnings per Share (EPS):

Earnings per Share 2017-18 Rs 3.07
Earnings per Share 2018-19 Rs 3.26
Earnings per Share 2019-20 Rs 3.40

Return on Net Worth: 17-18 12.33 %
Return on Net Worth: 18-19 09.47 %
Return on Net Worth: 19-20 11.57 %


Tentative Time Table

13th Jan :Announcement of Price Band
12th Jan ; Anchor Investors Allotment
18th Jan : Offer Opens
20th Jan : Offer Closes
27th Jan : Finalization of Basis of Allotment
27th Jan : Unblocking of ASBA Accounts
28nd Jan : Credit of Equity Shares to Depository Accounts
29th Jan : Commencement of Trading


Grey Market Premium:

On 16 Jan 2021:- GMP Rs.1.3
On 15 Jan 2021:- GMP Rs.1.2-1.5
On 14 Jan 2021:- GMP Rs.1.5-2
On 13 Jan 2021:- GMP Rs.2
On 12 Jan 2021 :- GMP Rs.1.75
Note:- Grey Market Premium is subject to change with time to time.

Registrar Of IPO:
KFin Technologies Private Limited
Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222 
Fax: +91 40 2343 1551 
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Allotment Status

Please click the link below to check the IPO allotment status.




Subscription Details:
Category
Subscription (no. of times)
Day 1Day 2Day 3
QIB
0.00x 0.00x 3.78x 
NII 0.09x 0.24x 2.67x 
Retail 1.25x  2.33x3.66x 
Employees 13.53x 27.41x 43.7x 
Total 0.65x 1.22x  3.49x

Labels:

Comments

Post a Comment

Popular posts from this blog

What is Credit Rating Agency

  What is Credit Rating Agency Why is it Important for the Financial Business? A credit rating agency (CRA) measures the debtor’s ability to pay back the loan by making timely principal and interest payments and the possibility of default. Agencies show how strong the country and institution is financial. Three Standard & Poor, Moody’s, and Fitch names in rating world. Credit rating agencies indirectly tell how strong the country, institution, or person is financially and how much loan or loan to them is dangerous or not. That is, how much debt he has the ability to repay. It basically tells investors that a firm has a track record and shows how likely it is to be able to return the money. Currently, there are three Standard & Poor, Moody’s, and Fitch names in the rating world. They occupy about 95 percent of the market. So far, 6 credit rating agencies under SEBI, CRISIL, ICRA, CARE, SMERA, Fitch India, and Brickwork Ratings have been registered by these agencies. The rati...
Post a Comment
Read more

Shyam Metalics IPO Details, Ipo Date, Ipo Price, Ipo GMP

  Shyam Metalics and Energy Limited IPO Hey Guys, There are many interesting Upcoming IPOs which are scheduled to be come in 2021. One such IPO is the Shyam Metalics IPO that is going to launch on June 14, 2021. To Apply for the IPO's you should must have Demat Account.  To open  Demat Account  Click on  ZERODHA   or   UPSTOX .   If you Open Your Demat account with Us You will   Get Free Membership of Premium Telegram Channel. Let’s have a detailed review of the company and analytics of the Shyam Metalics and Energy IPO release date, IPO offer price, subscription, Shyam Metalics IPO allotment, Shyam Metalics grey market premium, and other details like the company’s background,  financial positions of Shyam Metalics , its promoters, and other related things.  About  Shyam Metalics  Company Details  :- Shyam Metalics is a leading integrated metal producing company based in India. Focusing on long steel product...
Post a Comment
Read more

MTAR Technologies Limited IPO Detail, price, gmp, Review

  There are many interesting IPOs which are scheduled to be launched in 2021. One such IPO is the Mtar Technologies Limited IPO that is going to launch on March 3, 2021. To Apply for the IPO's you should must have Demat Account. To open  Demat Account  Click on  ZERODHA  &  UPSTOX .   On 4 March 2021:-  GMP Rs 400 For Past trend ,See bottom of Page. MTAR Technologies is a leading national player in the precision engineering industry.  Incorporated in 1999.  The company is primarily engaged in the manufacturing of mission-critical precision components with close tolerance and in critical assemblies through its precision machining, assembly, specialized fabrication, testing, and quality control processes. Since its inception, MTAR Technologies has significantly expanded its product portfolio including critical assemblies i.e. Liquid propulsion engines to GSLV Mark III, Base Shroud Assembly & Airframes for Agni Programs, Actuat...
Post a Comment
Read more