Indian Railway Finance Corporation Limited
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The Initial Public Offering of Indian Railway Finance Corporation Limited's culminated in its successful listing on Jan 29, 2021 at the NSE, BSE trading platform. The company secured 1,78,20,69,000 Shares through this capital market exercise, with 1,18,80,46,000 Shares allocated to new capital formation and ₹1544.00 Cr to existing shareholder liquidity.
Investors participated within the price parameters of ₹25 to ₹26, with minimum investment requirements of 575 shares. The subscription period from Jan 18, 2021 to Jan 20, 2021 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on Jan 25, 2021. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 1986, the Indian Railway Finance Corporation (IRFC) is a public-sector enterprise wholly owned by the Government of India, primarily engaged in financing the acquisition of rolling stock assets, leasing railway infrastructure, and lending to entities under the Ministry of Railways. As the borrowing arm of Indian Railways, IRFC raises funds for procuring wagons, trucks, electric multiple units, locomotives, and coaches, along with their improvement, expansion, and asset management. The company follows a financial leasing model for a lease period of 30 years, and in fiscal 2019, it financed Rs. 525.35 billion, accounting for 39.34% of Indian Railways’ total capital expenditure of Rs. 1,334 billion.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strategic Role: Plays a key role in supporting Indian Railways growth.
- Strong Credit Rating: Rated CRISIL AAA/A1+ and ICRA AAA/A1+.
- Competitive Borrowing Costs: Access to low-cost financing.
- Strong Financials: Demonstrates robust financial performance.
- Effective Asset-Liability Management: Maintains balanced financial structure.
- Experienced Management: Led by a skilled and capable leadership team.
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- President of India
Indian Railway Finance Corporation Limited
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