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January 18, 2021 - January 20, 2021

IRFC IPO FAQ

IRFC IPO Date & Price

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

IRFC IPO timetable / schedule is as below:
  • Bid/Offer Opens On: January 18, 2021
  • Bid/Offer Closes On: January 20, 2021
  • Finalization of Basis of Allotment: January 25, 2021
  • Initiation of refunds: January 27, 2021
  • Credit of Equity Shares: January 28, 2021
  • Listing Date: January 29, 2021

IRFC IPO price is set at ₹26 per equity share.

IRFC IPO will close for subscription at 5 PM on January 20, 2021. But most brokers stop accepting application between 1 PM to 3 PM.

The IRFC IPO starts on January 18, 2021. The issue ends on January 20, 2021.

IRFC IPO Issue Size and Subscription Status

The IRFC IPO size is 1782069000 Equity Shares of ₹10 aggregating up to ₹4,633.38 Cr.

Indian Railway Finance Corporation Limited is selling its shares to the public through an Initial Public Offer (IPO). Retail investors can apply online for IRFC IPO shares through the banks (using ASBA) or through the broker (using UPI).

IRFC IPO Offer Size

Qualified Institutional Buyers (QIB)356,375,339 Shares
Non-Institutional Investors (NII)267,281,504 Shares
Retail Individual Investor (RII)623,656,843 Shares
Employee Reservations192,307 Shares
Other Reservations0 Shares
Total Issue Size1,247,505,993 Shares

IRFC IPO IPO Subscription Status

Qualified Institutional Buyers (QIB)3.78 times times
Non-Institutional Investors (NII)2.67 times times
Retail Individual Investor (RII)3.66 times times
Employee Reservations43.76 times times
Other Reservations times
Total Issue Size3.49 times times

Click here to check the IRFC IPO live subscription status.

If you have a demat account, most banks offer the online IPO application. You could also contact your broker to apply in IRFC IPO.

Zerodha, the largest stockbroker in India, offers an online IPO application. You can apply for an IPO online with Zerodha by visiting https://zerodha.com/ipo

You could check IRFC IPO Grey Market Premium (GMP Rate) by visiting our IPO Grey Market Price (Message Board). Note that there is no official source of GMP Rate as it's a black market.

IRFC IPO Allotment and Listing

The IRFC IPO allot status will be available online on January 25, 2021. Check the IRFC IPO Allotment Status here.

Click here to check IRFC IPO Allotment Status.

IRFC IPO listing Date is January 29, 2021. The regular trading starts at 10 AM on listing day.BSE and NSE allow a pre-open trading on listing day. This 45 minutes session starts at 9 AM and ends at 9:45 AM. This session allows buyers and sellers to place/ modify /cancel orders. The next 15 minutes are for price discovery and processing orders placed in the pre-open trading session. The IRFC IPO listing date and time is published by the exchange in a circular.

Click here to view the IRFC IPO Basis of Allotment.

It is hard to say at what price IRFC IPO Shares will list. The price varies by the demand and supply of IPO shares on the day of listing.

The IRFC IPO shares will list on January 29, 2021 at BSE, NSE.

IRFC IPO - Should I apply?

Visit our IPO Analysis and Recommendations page to view IPO Notes from experts.

Sorry, we do not provide IPO recommendations. But we share a lot of information about IRFC IPO which could help you with questions like IRFC IPO buy or not? You should also read IRFC IPO Analysis from experts and check the daily subscription status.

It actually depends on many factors. This includes company financials, segment outlook, market situation, issue pricing, the background of promoters, lead managers performance, company strengths, risks and oversubscription. You should read the prospectus document, IPO Analysis from experts and follow the subscriptions.

IRFC IPO listing day gains are highly unpredictable as depends on many factors on the day listing. It depends on factors like the demand (IPO oversubscription), the market situation on the day of listing, Issue size etc.

Visit our IPO Performance Tracker to check the IRFC IPO performance. The performance reports are available 1 day after listing.

1 Comments

1. ASHOK KUMAR BHATIA     Link|January 28, 2021 1:05:39 PM
I applied in IRFC IPO 7475 SHARES, ALOTTED NIL, but hold amount not yet released can anybody tell