IRFC IPO Date, Review, Price Band & Market Lot

IRFC IPO Date is unknown yet but we have a tentative time-table that we have received through trusted sources. The IRFC IPO was supposed to debut in December 2020 but it has got a bit delayed and will come in January 2020. 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 IPO Review :

IRFC IPO Date & Price Band :

IRFC IPO Market Lot:

• Shares: Minimum 575 Shares & Maximum 7475 Shares
• Minimum Amount: ₹14950
•  Maximum Amount: ₹194350

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

IRFC IPO Form Download:

Thinking about how to apply the IRFC IPO? Here is the answer, You can apply for IRFC IPO through the ASBA feature of your bank. Login to your Net Banking option and go to Invest / IPO section. Select the IRFC IPO, fill up and check the details and click submit. Another option to apply for IRFC IPO is by submitting physical forms to your Bank. For that, you need to download forms – NSE Blank IPO Form / BSE Blank IPO Form, fill the details, and submit the form to the bank.

IRFC IPO Financial:

Company Promoters:

• The President of India, acting through The Ministry Of Railways, Government Of India

Quick Links:
DRHP Draft Prospectus
RHP Draft Prospectus

IRFC IPO Registrar:

KARVY COMPUTERSHARE PRIVATE LIMITED
Karvy Selenium Tower B,
Plot No. 31-32, Gachibowli Financial District,
Nanakramguda, Hyderabad
Tel: +91 40 6716 2222
Facsimile: +91 40 2343 1551
Email: [email protected]
Investor Grievance Email: [email protected]
Website: http://karisma.karvy.com
Contact Person: Mr M Murli Krishna
SEBI Registration No.: INR000000221

Note: Check IRFC IPO allotment status on Karvy website allotment URL. Click Here

IRFC IPO Lead Managers:

• SBI CAPITAL MARKETS LIMITED
• A.K. CAPITAL SERVICES LIMITED
• EDELWEISS FINANCIAL SERVICES LIMITED
• ICICI SECURITIES LIMITED
• RR INVESTORS CAPITAL SERVICES PRIVATE LIMITED

Company Address:

Indian Railway Finance Corporation Limited
CIN – U65910DL1986GOI026363,
UG – Floor, East Tower, NBCC Place,
Bhisham Pitamah Marg, Lodhi Road,
Pragati Vihar, New Delhi, Delhi 110003
+91 011 – 24369766-69
[email protected]
Website: http://irfc.nic.in/

What is the Business of IRFC?

IRFC is the dedicated borrowing arm for Indian Railways which is a fully owned enterprise of the Government of India acting through Ministry of Railways and is registered with RBI (Reserve Bank of India) as NBFC (Non-Banking Financial Corporation). It primarily focuses on the acquisition of Rolling Stock assets such as locomotive, coaches, trucks, wagons, electric locomotive units, etc. and Project assets of Indian Railways and other entities which comes under the Ministry of Railways. IRFC has played a significant role in supporting the capacity enhancements of the Indian Railways for the past three decades.

What are the Risk Factors as an Investor in IRFC IPO?

• A large amount of business that is received by the IRFC is from Indian Railways and due to the current situation as the railway came on halt during the pandemic, it could adversely affect the business of IRFC.
• Any slow down in the growth of the Indian Railways could become a major set back for the IRFC as it’s business is dependent on Indian Railways.
• In any event, if the margin of Rolling Stock Assets leased the Ministry of Railway by IRFC and is not favourable, it could take a hit in the financial conditions and result of operations.