Indian Railway Finance Corporation Limited IPO (IRFC IPO) Detail

Jan 18, 2021 - Jan 20, 2021

Incorporated in 1986, the Indian Railway Finance Corporation (IRFC) is a public-sector enterprise that is wholly-owned by the Government of India. IRFC is primarily engaged in financing the acquisition of rolling stock assets, leasing of railway infrastructure assets, and lending to entities under the Ministry of Railways (MoR). Being the borrowing arm of Indian Railways, IRFC is responsible to raise funds for MoR that is required to procure rolling stock assets (wagons, trucks, electric multiple units, locomotives, coaches), its improvement, expansion, and assets management.

It follows a financial leasing model to finance rolling stock assets procurement for a lease period of 30 years. In fiscal 2019, the actual capital expenditures by the Indian Railways were Rs. 1,334 billion, out of which, IRFC financed Rs. 525.35 bn accounting for 39.34% expenditures.

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:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs in million)
30-Sep-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 29,19,865.81 27,55,041.29 20,64,382.95 16,14,510.41
Total Revenue 73,848.29 1,34,210.90 1,09,873.55 92,078.39
Profit After Tax 18,868.41 31,920.96 21,399.33 20,014.60

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 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 ₹[.] Cr)
Offer for Sale594,023,000 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)

IRFC IPO Tentative Timetable

The IRFC IPO open date is Jan 18, 2021, and the close date is Jan 20, 2021. The issue may list on Jan 29, 2021.

IPO Open DateJan 18, 2021
IPO Close DateJan 20, 2021
Basis of Allotment DateJan 25, 2021
Initiation of RefundsJan 27, 2021
Credit of Shares to Demat AccountJan 28, 2021
IPO Listing DateJan 29, 2021

IRFC IPO Lot Size

The IRFC IPO market lot size is 575 shares. A retail-individual investor can apply for up to 13 lots (7475 shares or ₹194,350).

ApplicationLotsSharesAmount (Cut-off)
Minimum1575₹14,950
Maximum137475₹194,350

IRFC IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding86%

IRFC IPO Subscription Status (Bidding Detail)

The IRFC IPO is subscribed 1.22x times on Jan 19, 2021 05:00. The public issue subscribed 2.22x in the retail category, 0.00x in the QIB category, and 0.24x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

0.00x

NII

0.24x

RII

2.22x

Employee

27.41x

Total

1.22x

IRFC IPO Prospectus

IRFC IPO Rating

3468
4.1
Rating:Rated 4.1 stars

Vote Here ...

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
Website: http://www.irfc.nic.in

IRFC IPO Registrar

KFintech Private Limited
   Selenium Building, Tower-B, Plot No 31 & 32,
   Financial District,Nanakramguda, Serilingampally,
   Rangareddi, Telangana India - 500 032.

Phone: 1-800-3454001
Email: einward.ris@kfintech.com
Website: https://karisma.kfintech.com/

IRFC IPO FAQs

  1. What is IRFC IPO?

    IRFC IPO is a main-board IPO of 1,782,069,000 equity shares of the face value of ₹10 aggregating up to ₹4,633.38 Crores. The issue is priced at ₹25 to ₹26 per equity share. The minimum order quantity is 575 Shares.

    The IPO opens on Jan 18, 2021, and closes on Jan 20, 2021.

    KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. How to apply in IRFC IPO through Zerodha?

    Zerodha customers can apply online in IRFC IPO using UPI as a payment gateway. Zerodha customers can apply in IRFC IPO by login into Zerodha Console (back office) and submitting an IPO application form.

    Steps to apply in IRFC IPO through Zerodha

    1. Visit the Zerodha website and login to Console.
    2. Go to Portfolio and click the IPOs link.
    3. Go to the 'IRFC IPO' row and click the 'Bid' button.
    4. Enter your UPI ID, Quantity, and Price.
    5. ‘Submit’ IPO application form.
    6. Visit the UPI App (net banking or BHIM) to approve the mandate.

    Visit Zerodha IPO Application Process Review for more detail.

  3. When IRFC IPO will open?

    The IRFC IPO opens on Jan 18, 2021 and closes on Jan 20, 2021.

  4. What is the lot size of IRFC IPO?

    IRFC IPO lot size is 575 Shares and the minimum order quantity is 575 Shares.

  5. How to apply for IRFC IPO?

    You can apply in IRFC IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  6. When IRFC IPO allotment?

    The finalization of Basis of Allotment for IRFC IPO will be done on Jan 25, 2021, and the allotted shares will be credited to your demat account by Jan 28, 2021. Check the IRFC IPO allotment status.

  7. When is IRFC IPO listing date?

    The IRFC IPO listing date is not yet announced. The tentative date of IRFC IPO listing is Jan 29, 2021.

IRFC IPO Message Board

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