Indian Railway Finance Corporation Limited IPO Message Board (Page 59)

Employees are sometimes forced to apply into IPO to show the "confidence", so please do not judge this IPO by employee subscription.

ITS MY OFFICIAL WEBSITE

Willing to buy 1 lakh share for 20 paise GMP.

COMPANY & IPO STRENGTHS
---------------------------------------------------------------------
DEDICATED FINANCING COMPANY OF INDIAN RAILWAYS
MONOPOLY BUSINESS MODEL
GOOD CREDIT RATING
ZERO NPA, LOW RISK BUSINESS , LOANS SOVEREIGN GUARANTEED
CHEAP VALUATIONS (PB ~ 1, PE ~ 8)
5-10% DIVIDENT YIELD STOCK (EQUIVALENT TO FIXED DEPOSITS)
EXPERIENCED MANAGEMENT SINCE 1986
GOOD ANCHOR PLACEMENT LIST
GMP Rs 1.65 AS ON 16-JAN-2021

Now you decide, apply or avoid

@NKJ Final AR for Gail may be 30-35%. Buy it only if you can hedge the remaining in Futures.

Thanks Johny

1.25 - 1.35

Indian Railway Finance Corporation IPO

GMP 1.35 +/- 0.05
Kostak 425 +/- 10
Subject 2 @775/-

Hii everyone I want to apply for NII category and I only know 2 lac is minimum required and can anbody tell me what are other requiredments and what are chance to get allottment of shares,also i am also interested in applying indigo paint in NII.I have two demat accounts with differnt banks and pancards.

IRFC IPO

Employee Quota has been subscribed >1X already

This is good evidence of the strong commitment & confidence by the PSU employees about their Company.

First PSU IPO where employees have subscribed to more than 100% of their quota within the 1st hour of issue opening.

Great !!!

Sometimes employees are forced to apply also :)

Entire Employee quota is 50 Lac Rupees ( 192307 x 26 ) . In a Rs. 4000 Crore plus IPO , How should this quota make a difference.

Can I Apply from 2 Demats Account for the same IPO, Is it is Legal??

One ipo application from 1 PAN card...is the only legal...

Apply from 2 Demat Accounts with different PAN is valid. But 2 Demat account with same PAN is not valid and both entitled for rejection

HI, I have applied for irfc from 3 demats (one mine,2 relatives) by using third party asba of sbi.....i think its legal to do so???....plz tell can i apply for indigo paints using same asba for 3 demats again??/

ok thanks

About third party applications... TECHNICALLY you can apply...but legally registrar can exclude your application for allotment...
Try to enable NetBanking or UPI of your relatives bank accounts and apply from their accounts...if this is not an option then try your luck for 3rd party application from your SBI ACCOUNT...

My sense is that some railway employees are putting application in employee quota thinking that they are eligible.
IRFC does not have that many employee to put applications of this size

Employees subscriptions suddenly double from 6X to 13+X...after 4 pm. .

Who are these smart people applying at Rs. 25?
All Exchanges Bid Data - Indian Railway Finance Corporation Limited
As on 18-Jan-2021 16:45:00 IST
Price      Cumulative Quantity
Cut-Off      58,43,01,775
26       78,63,19,400
25       79,51,45,075
Person applying at 25 can be found out by subtracting 786319400 (demand at Rs 26 including cutoff) from 795145075 (total demand)

*Indian Railway Finance Corporation Limited* Subscription
18-1-2021 @ 04:19:53 PM
QIB => 0.0001
NII => 0.0883
RII => 1.2012
EMP => 13.3325
TOTAL => 0.6215

Repeat message with minor changes
Actually buying IRFC share below book value as on date is better than buying a share of Rs 10 at Rs 10 as the business already has track record, experience and vision. It has already seen multiple seasons.
So we will see genuine HNI buying it in bulk the way they bought in Gland to take advantage of full allotment and even buy more on listing do buy as much as they can buy below book value and enjoy full year 2020-21 dividend in next 5 6 month time (As all shares are treated at par for purpose of dividend). Money of fresh IPO will get deployed soon with 8-10 time leverage before 31st March 2021 and start earning in full speed from day 1 of next financial year. As Railway has committed to take Rs 51,000 crore more of business between now to March 31st , 2021 as per Issue open advt today

Repeat message for benefit of those who don''t go beyond page 1
New addendum in IRFC issue opens advt today
The Ministry of Railway subsequently by its letter dated January 12, 2021, has advised that the additional borrowing target for railway projects under EBR (Special) for Fiscal 2021
is Rs 510.00 billion. Hence, the total revised target of amount to be mobilized by our Company is Rs 1,135.67 billion for Fiscal 2021
1 billion is 100 crores. The advt is published in many papers. Shows committed hike in business

Retail subscription more than 102% by amount but not by application. Very high average per application around 24000. Lot of new investors (looks like)
Hni number looks good for day 1

GMP IS VERY HIGH
8-9 RS

are you sure? about the GMP?

bro, why you are misleading, current GMP is 0.90/1.10 which slips from 1.50/2.0

0.90/1.10

Subscription data link

BSE ==>> https://www.bseindia.com/markets/publicIssues/BSEDemandSchedule_new.aspx?Scripcode=5318
NSE ==>> https://www1.nseindia.com/products/content/equities/ipos/ipo_current_irfc.htm

** NSE showing wrong QIB offered shares and total shares offered
(showing figures including Anchor investor)

BSE -- QIB Offered --- 35,63,75,339 ---------- correct
NSE -- QIB Offered -- 89,09,38,346 (including Anchor)

BSE -- Total ---- 1,24,75,05,993 --------- correct
NSE -- Total ---- 1,78,20,69,000 (including Anchor)

Subscription as on - 12.45
-------------------------------------
QIB ------ 0.00x
NII ------- 0.03x
RII ------- 0.66x
EMP ---- 2.18x
Total ---- 0.34x

NSE updated QIB & Total figures

Total No.of Application (Approx) ----- 614463
Retail Subscription on the basis of Apps --- 0.57x
Total retail subscription ------ 0.94x

why QIB & NII subscription is low

Last day they come.

Total No.of Application (Approx) ----- 585921
Retail Subscription on the basis of Apps ------ 0.54x

@Mpatni,

IRFC,

In brief,
A good company coming at very good (attractive) price. Some listing gain should must be there but better to keep for medium term.

Thanks.

Thanks guru,
For your kindness to help the newer investors.

Aniketji,
Is there any listing gain possible in this IPO ?