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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 Date Jan 18, 2021
IPO Closing Date Jan 20, 2021
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹25 to ₹26 per equity share
Market Lot 575 Shares
Min Order Quantity 575 Shares
Listing At BSE, 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 Date Jan 18, 2021
IPO Close Date Jan 20, 2021
Basis of Allotment Date Jan 25, 2021
Initiation of Refunds Jan 27, 2021
Credit of Shares to Demat Account Jan 28, 2021
IPO Listing Date Jan 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).

Application Lots Shares Amount (Cut-off)
Minimum 1 575 ₹14,950
Maximum 13 7475 ₹194,350

IRFC IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 86%

IRFC IPO Subscription Status (Bidding Detail)

The IRFC IPO is subscribed 3.49 times on Jan 20, 2021 07:49. The public issue subscribed 3.66 in the retail category, 3.78 in the QIB category, and 2.67 in the NII category. Check Day by Day Subscription Details (Live Status)

Application Wise IPO Subscription (Retail): 2551325 times

CategorySubscription (times)
QIB

3.78

NII

2.67

RII

3.66

Employee

43.76

Total

3.49

IRFC IPO Prospectus

IRFC IPO Rating

4014
4.1
Rating:Rated 4.1 stars
Vote Here ...

IRFC IPO Listing Date

Listing Date Friday, January 29, 2021
BSE Script Code 543257
NSE Symbol IRFC
Listing In B Group of Securities
ISIN INE053F01010
IPO Price ₹26 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹26.00
₹25.00
₹24.30
₹25.80
₹24.85
NSE
₹26.00
₹24.90
₹24.35
₹25.80
₹24.80

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

Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://karisma.kfintech.com/

IRFC IPO FAQs

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.

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.

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

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

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.

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.

The IRFC IPO listing date is on Friday, January 29, 2021.

IRFC IPO Message Board

Ranked Members  Ranked Members

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1199. SMcareer |Mar 7, 2021 22:19
Didn''t get IRFC dividend till today, I sell my holding after 19 feb
1198. SMcareer |Mar 7, 2021 22:18
Didn''t get irfc dividend till date, I sold my share after 20 feb
1197. Konapurkar Aditya |Mar 4, 2021 11:29
Irfc dividend credited in my account just now
1196. saurabh bhola |Mar 4, 2021 09:50
Irfc dividend credited to bank account linked with demat account of broker .......
1195. Marwari |Mar 4, 2021 09:23
Dividend credited 603.75 on 4th march.
1194. Konapurkar Aditya |Feb 26, 2021 16:48
Hello guys good evening . Do you still feel one needs to hold the shares . I have 783 qty, please advise. What to do ? It is already 1.40 rs below listing price . Please do advise
1193. SHANI |Feb 25, 2021 12:43
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
had anyone receive dividend credit , dividend declare 1.05 per share
1192. Captain Jack Sparrow |Feb 21, 2021 18:18
If i tomorrow sell my IPO ALLOTED shaes then i will receive dividends.
Am i right ?
1192.2. Sanganagouda K |Feb 22, 2021 10:53
Will I get dividend if I sell today? 23rd.
1192.3. arunARUN |Feb 22, 2021 22:32
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Even if you sold on 19th feb you would have got dividend. pl understand stock exchange ex date dont bother about record date
1191. vishal mulchandani |Feb 22, 2021 12:29
On which date dividend will credited in account?
1191.3. jstm |Feb 24, 2021 21:00
IPO Guru IPO Guru (1100+ Posts, 2600+ Likes)
@ Newrookie After fresh issue of 21 Lakh shares and OFS of 82 Lakh shares if it becomes 53.39 then we can say promoter stake is less.Ideally 65-70% is considered good for investment.
1191.4. sailesh bohra |Feb 24, 2021 22:46
And 80% of the issue is offer for sale..
Lol
1190. Eagleye |Feb 13, 2021 17:35
IPO Guru IPO Guru (6000+ Posts, 20200+ Likes)
IRFC

TARGET 35-36

35-40% upside
In 4-6 weeks
1189. Eagleye |Feb 13, 2021 17:35
IPO Guru IPO Guru (6000+ Posts, 20200+ Likes)
IRFC

Interim Dividend

@1.05 on yesterdayโ€™s closing price of 25.40

Dividend yield = 4.134%

๐Ÿ‘๐Ÿผ๐Ÿ‘๐Ÿผ๐Ÿ‘๐Ÿผ
1189.1. VKIPO |Feb 14, 2021 15:15
This is not pharma company but a trader of chinese medical equipment... Not a single manufacturing unit and moreover Rajnish Kaushal who is one of the director is employee of Nectar.
Shall company... Again Repeating BIG AVOID.
1188. arunARUN |Feb 17, 2021 19:42
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
People are wondering why IRFC did not move despite Good Q3 results and dividend

My take
Both factors were priced in. RHP had September 30, 2020 data. It is easy to predict EPS of this company basis asset deployed. Margin is well known. This dividend is like your investment back to you. So in place of book value of 27 you have now invested in book value of 26 with investment of Rs 25.
Please remember dividend are taxable. Your IPO money which was invested in Jan 2021 was not even earning till Dec 31, 2020
1187. SHARMARAJU |Feb 13, 2021 14:47
please tell from which date to till date we have to keep these share in our demat account to get dividend
thanks
1186. Jain Sahab |Feb 15, 2021 22:09
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
I am expecting 26+ weekly closing.
Today Delivery was 55.55% + Block Deal happened @26
Last minute activity clearly indicated institutional buying ( more than 1mn qty traded in 1minute candle) . Keep holding it at least for 2 weeks, you won''t regret....

1185. IPO Mitr |Feb 15, 2021 21:27
With significant number of Robinhood investors onboarding IPO bandwagon, first month behavior post listing has changed. Everyone should take that into account and re-adjust their post listing strategy based on their understanding of changed behavior.

One thing is sure that.......it requires a re-think.
1184. Konapurkar Aditya |Feb 15, 2021 15:28
Money raised from 750million dollie bonds .

Net profit raises in Q3 to 16% to 2600 crores .

Dividend of 1.05 declared


But still this stock doesn''t move it all it has croosed 26 was 2 times from day of listing. And both the times it was pre open price.

Only God can help to move this stock or may be someone has to approach Elon Musk to tweet hahah .
1183. Konapurkar Aditya |Feb 13, 2021 18:44
I have a question .I have 783 shares . If I buy another 200 shares will I get dividend for 983 or only for 783 only
1182. Konapurkar Aditya |Feb 14, 2021 13:39
Guys what do think the price might go upto tomorow.

I feel if the dividend news was out on 12 th feb it would have impacted the share price as irctc was also going up based on a fake news that all trains would resume from April.

There will still be lot of people. Who would sell it once price reaches 26 . People need to hold. It and ensure that buyers should be more and sellers should be less .
1181. iamnimitshah |Feb 10, 2021 17:37
dividend kitna milega? 0.5โ‚น?
1181.3. Veerendra jonnalagadda |Feb 11, 2021 16:09
@Ganesh what if Govt decides to reduce further to 64 or 59 as it says less than 75 not more than
1181.4. IPO SUSPENSE |Feb 12, 2021 14:32
Thanks
1180. RT |Feb 13, 2021 21:13
2. Interim dividend
Pursuant to Regulation 30 and 43 of the SEBI (Listing Obligations and Disclosures
eS Requirements) Regulations, 2015, as amended from time to time, it is hereby informed that the
Board of Directors of Company have declared an interim dividend of Rs. 1.05/- ( One Rupees
Five Paisa only) per equity share of Rs 10/ each.
Further, as informed vide letter dated 9t February, 2021, the 20 February, 2021 is the Record
date for determining eligibility of shareholders for payment of the said interim Dividend, as
declared by the Board.
The dividend will be paid in the account of the shareholder(s) or the dividend warrant(s) in
respect thereof will be dispatched on or after 4*# March, 2021.
Shareholder(s) are kindly requested to update/ submit details for TDS on dividend to Registrar
and Transfer Agent at irfc@beetalfinancial.com on or before 22"4 February, 2021.
1180.1. Paymzia |Feb 17, 2021 06:56
IPO Guru IPO Guru (1200+ Posts, 3100+ Likes)
You have apply how many times nii subscribe that time you apply then only we can expect one lot .

For this indigo 263 times
If you did. 263 lots you may get one lot .

So in future. Better to apply with your family members accounts too in retail category chances are more