IRFC IPO will start on 18 January 2021 and will close on 20 January 2021. IRFC IPO is coming up with ₹4633 crore IPO. The IPO will come with a fresh issue of 1,188,046,000 shares. The organization is the first NDFC to come with an IPO which is promoted by the President of India.
IRFC is Indian Railway Finance Corporation which is a public sector organisation that is completely owned by the Government of India and is promoted by the President of India, acting through the ministry of Indian Railways. IRFC is the borrowing arm of Indian Railways and is responsible for raising funds, managing assets, and expansion. Assets of Indian Railways such as trucks, electric multiple units, locomotives, wagons, coaches, etc. are procured by IRFC.
| IRFC Allotment Date | 25 January 2021 |
| IRFC Listing Date | 29 January 2021 |
| IRFC IPO Basis of Retail Allotment | 1 out of 3 |
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Must Read:
IRFC IPO Grey Market Price
IRFC IPO Subscription Status
IRFC IPO Dates and Review
IRFC IPO Dates & Price Band:
| IPO Open: | 18 January 2021 |
| IPO Close: | 20 January 2021 |
| IPO Size: | Approx ₹4633 Crore |
| Price Band: | ₹25 to ₹26 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| Equity: | 1,87,68,750 Shares |
IRFC IPO Market Lot:
- Shares: Minimum 575 Shares & Maximum 7475 Shares
- Minimum Amount: ₹14,950
- Maximum Amount: ₹193700
IRFC IPO Allotment & Listing:
- Basis of Allotment: – 25 January 2021
- Refunds: – 27 January 2021
- Credit to Demat accounts: – 28 January 2021
- Listing: – 29 January 2021