IPO

Indian Railway Finance Corporation IPO

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Finance Term Lending

Listed On: Jan 29, 2021 at ₹ 25.0

₹ 14950 /575 Shares

Check Allotment

18 Jan, 2021

Open Date

20 Jan, 2021

Close Date

27 Jan, 2021

Allotment Date

29 Jan, 2021

Listing Date
Price Summary

Last Closing

92.25 (254.81%)

52 Week High

148.95

52 Week Low

89.20

Last Update

27-Mar-2026 3:30 PM
IPO Issue Details
  • Issue Price ₹25-26 per equity share
  • Face Value ₹10 Per Equity Share 
  • Issue Price 1,782,069,000 Eq Shares of ₹10 (aggregating up to ₹4,633.38 Cr)

    Fresh Issue: 1,188,046,000 Eq Shares of ₹10(aggregating up to ₹3,088.92 Cr)

    Offer for Sale: 594,023,000 Eq Shares of ₹10(aggregating up to ₹1,544.46 Cr)
  • Listing at BSE, NSE
  • List Price 25.0
  • Listing Date 2021-01-29
  • Lead Manager HSBC Securities & Capital Markets Pvt Ltd, ICICI Securities Limited, IDFC Bank Limited, SBI Capital Markets Limited
  • Registrar KFintech Private Limited
IPO Details
  • Retail Portion 35%
IPO Documents
DRHP
RHP
IPO Details


The IPO of is priced at ₹25-26 per equity share, which has a face value of ₹10 Per Equity Share  each, IPO bidding starts from Jan 18, 2021 and ends on Jan 20, 2021. The allotment for IPO will be finalized on Jan 27, 2021. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Jan 29, 2021. The company shall list its equity shares on the BSE, NSE. KFintech Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are HSBC Securities & Capital Markets Pvt Ltd, ICICI Securities Limited, IDFC Bank Limited, SBI Capital Markets Limited.


The IPO sets its price band at 25-26 for each share. A single application for Indian Railway Finance Corporation IPO must contain at least 575 shares.

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IPO Subscription Analysis And Details
Retail
3.66x
QIB
3.78x
NII
2.66x
Total
3.49x
As on QIB NII Retail Employee Total
Shares Offered / Reserved 35,63,75,339 26,72,81,504 62,36,56,843 1,92,307 1,24,75,05,993
Day 1 18-01-21 05:00 PM
0.00 x 0.09 x 1.25 x 13.52 x 0.65 x
Day 2 19-01-21 05:00 PM
0.00 x 0.24 x 2.33 x 27.40 x 1.23 x
Day 3 20-01-21 05:00 PM
3.78 x 2.66 x 3.66 x 43.76 x 3.49 x
Valuations
Earnings Per Share (EPS) ₹2.44
P/E Ratio 10.65
RoNW 11.57%
Net Asset Value (NAV) - As on 30.09.20 ₹26.67
Company Financials
In Crs.
In Cr.
30-Sep-20 31-Mar-20 31-Mar-19 31-Mar-18
Assets 2,91,986.58 2,75,504.12 2,06,438.29 1,61,451.04
Revenue 7,384.82 13,421.09 10,987.35 9,207.83
Profit After Tax 1,886.84 3,192.09 2,139.93 2,001.46
About Company

IRFC is a Public Sector Undertaking (PSU) wholly-owned finance by the Government of India acting through the Ministry of Railways. The company is registered with the Reserve Bank of India as a systematically important NBFC and is classified under the category of an “Infrastructure Finance Company”.

IRFC is the dedicated market borrowing arm of the Indian Railways. Its primary business is financing the acquisition of rolling stock assets, which includes both powered and unpowered vehicles, for example locomotives, coaches, wagons, trucks, flats, electric multiple units, containers, cranes, trollies of all kinds and other items of rolling stock, leasing of railway infrastructure assets and national projects of the Government of India and lending to other entities under the Ministry of Railways.
The actual capital expenditure of the Indian Railways was INR133,400 crore in FY2019 and IRFC financed INR52,535 crore accounting for 39.38% of the actual capital expenditure. In FY2019, IRFC was responsible for financing 82% of the Indian Railway’s total rolling stock through a financial leasing model with leasing period typically spanning 30 years.

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- Promoter(s)

President of India

Pre Issue Share Holding : 100%

Post Issue Share Holding : 86%

IPO - Issue Objectives
1

To augment company's equity capital base to meet business future growth requirements.

2

To meet general corporate purposes.