Indian Railway Finance Corporation Limited IPO Message Board (Page 71)

New date kai 6

Any one has tried PayTM money app to apply for IPO? any feedback?

Dear EE
Nav as on Sep 19 is 21.37 (DRHP Page 83)
It can not annualised like EPS.
Is it RHP FILED?
Is it Nav 42 as on Mar 2020 ?

Wow... it''s nice to see a Top Contributor, two IPO Mentors and Two IPO Gurus in the same thread, a Stellar combination....Halley''s Comet !!!

Dear Raja Sir, Would like to ask tha is SAIL OFS IS GOOD FOR RETAIL LIKE US
YOUR VIEWS ARE HIGHLY APPRECIATED SIR.
THANKS

Indian Railway Finance Corporation IPO – Schedule *(Tentative)*

22nd Dec – Announcement of Price Band
24th Dec – Anchor Investors Allotment
28th Dec – Offer Opens
30th Dec – Offer Closes
04th Jan – Finalisation of Basis of Allotment
05th Jan – Unblocking of ASBA Accounts
06th Jan – Credit of Equity Shares to Depository Accounts
07th Jan – Commencement of Trading


Indian Railway Finance Corporation IPO – Issue Information *(Tentative)*

Issue Opens on: 28 December 2020
Issue Closes on: 29 December 2020
Issue Type: Book Built Issue IPO
Issue Size: 1,78,20,00,000 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.25 – Rs.26 Share *(Tentative)*
Discount: NIL
Market Lot: 575 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 11,54,05,71,429 Shares
Fresh Issue of 1,18,80,00,000 Shares @26/- = Rs.3,088.80Crs
Offer for Sale of 59,40,00,000 Shares @26/- = Rs.1,544,40Crs
Equity Shares outstanding after the Issue = 12,72,85,71,429 Shares

Category-wise Break up:
Anchor – 0 Shares = 000.00Crs
QIB – 89,10,00,000 Shares = 2,316,60Crs
NII – 26,73,00,000 Shares = 694.98Crs
RII – 62,37,00,000 Shares = 1621.62Crs (Lot size: 575 = 10,84,696 Forms)
Empl. Quota – ???Shares = ???.??Crs
Total Issue – 1,78,20,00,000 Shares = 4,633.20Crs.

Subscription required for 1X
RII = 10,84,696 Forms
NII = 694.98Crs


Indian Railway Finance Corporation IPO – Financial Information (Basis of Valuation)

The information is collated from the following documents:
1) DRHP = Draft Red Herring Prospectus Dated September 29, 2020 (390 pages)

EPS for FY17-18 >>> Rs.04.18 (Page #87 of DRHP)
EPS for FY18-19 >>> Rs.04.22 (Page #87 of DRHP)
EPS for FY19-20 >>> Rs.04.40 (Page #87 of DRHP)

RoNW for FY17-18 >>> 10.90% (Page #88 of DRHP)
RoNW for FY18-19 >>> 10.50% (Page #88 of DRHP)
RoNW for FY19-20 >>> 10.30% (Page #88 of DRHP)

NAV as on March 31, 2020 was Rs.42.67 (Page #88 of RHP)

Listed Industry Peer Group (Page #89 of DRHP): NONE


Indian Railway Finance Corporation IPO – *Market’s Current Estimates of oversubscription*:

NII = 45.00K Crs. = ~64.75X
RII = 27.00L Forms = 2.49X Applic. wise (Avg allotment of ~231.40 shares per lot)

Interest cost *@5.50%p.a.* for 7days = 2.74paise for 1X

Thus, for NII the costing = 64.75 X 2.74paise = Rs.1.78 per share (= GMP)

And, for RII the costing = 231.40 X 1.78 = Rs.411/- (= Kostak)


Indian Railway Finance Corporation IPO – *GMP Estimated*
GMP 2.00 +/- 0.25
Kostak 450 +/- 25

EE Mam,
IRFC is supposed to be the first PSU company where anchor placement will be there.
Is anchor placement program cancelled?

Issue May Open First week

Dear arjun did you talk about irfc ipo dates

Craftsman automation...
Laxmi organic industries...

Recently Filed DRHP with sebi...

User of Zerodha account please guide ,me to submit my IPO application as I don’t see any window for IPO in Zerodha app.

Dear Sanjeev, I guess you are trying with Zerodha-Kite app. It is just a trading UI. You have to try with Zerodha-Console. You will find it at Portfolio -> IPOs.

In zerodha kite mmobile or web app go to account tab and you will find ipo link. That will open to other browser tab in case of mobile app. You will find recent ipo as well as in going one. If you have upi then you can apply from there in les than 15 seconds. It worked flawlessly for me and I get notified in bhim upi to approve ipo request. It is another story that I did not get allocation in any except cams.

Any Update on IRFC IPO?

I want to open the bank account and demat account for my family members.
There are lot of options for demat account.
Can anyone guide me the bank account with min balance and low charges for saving account to apply for ipos only.

Thanks all.

I recommend Zerodha Demat account and
IDFC First bank.

You would continue to get 7%interest on your bank balance (if greater than 1 Lakh) when you apply for an IPO through ASBA.

AND

IDFC has a tie up with Zerodha,where in you can transfer funds from IDFC to Zerodha trading account instantly.

@Chandrasekhar V , have you got the allotment when you applied 5 applications from AXIS bank. I have applied 3-4 times from AXIS but not get the allotment, even in SBI CARDS ALSO I didn't got any allotment out of 10 applications from 2 AXIS accounts. So please confirm.

IRCON OFS Next Month or by Feb

https://www.moneycontrol.com/news/business/companies/stake-sale-should-happen-by-january-february-says-ircon-chief-sk-chaudhary-6234421.html/amp

Sir,
How can we gain from this?

Like IRCTC OFS BTST
50-100 Rs. gain per share in IRCTC
Allotted below 1380 and opened above 1420 next day and made high above 1500 :)

My IRCTC OFS shares still not credited to my DEMAT account. Applied for 140 shared through IDBI direct. At cut off. Money debited from linked IDBI bank account. Any problem in my case? kindly advise

@amukho sir....mine (30 shares) got credited on 14th.

Thank you for responding to my message.

IPO Delay, not this year

When will be expected in next year? Jan or Feb?

@ maximizer 99% Jan with antony waste

Dear all
I got the below mail from Zerodha regarding OFS for IRCTC request to clarify the same thanks in advanced

OFF TOPIC- Regarding IRCTC OFS,

Dear *****,
We would like to inform you that your OFS order for IRCTC was placed at the Exchange but was not accepted. We have taken up the matter with the Exchange.
Regards,
Team Zerodha

@Bhanu,

Same here :(

Double whammy. Zerodha could not place the orders first. And they have charged usual fee and deducted money from each clients too

@HML
Due to merger of corporation bank , andhra bank and Union bank, I could not apply even single application in Burger King. There was some technical issues and not showing registered ASBA applicants.

My account with Corporation Bank and my branch was technically merged with Union Bank and using the same login credentials i did applied BK. Everything was smooth. Only difference, earlier transaction password was enough to apply through ASBA, but now OTP required.

I am also having accounts in Corporation Bank with merged with Union Bank. But still I had applied from Union Bank Net Banking and I got 1 lot out of 4 Application.

So My point is that we can apply thru ASBA in Union Bank with same user name and password of Corporation Bank.

Applied for 20 IRCTC shares and got all allotted at cutoff price in yesterday’s OFS issue. Small gain which will improve long term.

IRFC IPO OPEN FEB

So glad that Karvy only got a junk PSU for IPO and the other IPOs are going to Linkintime.. Now there's a fair chance of allotment for everyone

I always felt there has to be an audit of Karvy and Linkintime in all the oversubscribed issues. I strongly feel there could be some manipulation in allotment

Its all well managed corruption practice since last 2/3 decades...
Btw sebi should raised cota for retailer from 10% to 35% in loss making ipo too like burger king

OFF TOPIC- Regarding IRCTC OFS,

Dear *****,
We would like to inform you that your OFS order for IRCTC was placed at the Exchange but was not accepted. We have taken up the matter with the Exchange.
Regards,
Team Zerodha
________________________#__________________
Got this message from Zerodha.
NSE getting shi**ty again?
May be its for good.
I may buy from secondary market, when price drops below OFS issue price.
After all it's PSU.

Strong Rumours IRFC can open on 18th Dec.

Last Heard GMP : 2.40

Not possible on 18th Dec.

Yaa, it was just a Strong rumours yesterday evening.

Last GMP Heard : 1.40/1.50

IRCTC OFS - Could not find people discussing about it.

Sorry to post on wrong thread - but is it worth buying it?

As OFS price and LTP prices are almost at the same value (~20) , so most of the people not discussing about it I think. And also there is no discount for Retailers