Indian Railway Finance Corporation Limited, set up in 1986 is a Non- Banking Financial Company (NBFC) financing to the Indian Railways for their regular requirements of funds. It is going to raise 4600 crores from its IPO. The Initial Public offer of IRFC will hit the market on January 18. In the last year January 2020, IRFC had filed draft paper for its IPO. It will be fifth railway companies which are going to list in Stock exchange. Earlier, IRCON International Ltd, RITES Ltd, Rail Vikas Nigam Ltd and Indian Railway Catering and Tourism Corporation have been already listed in stock market
IRFC IPO Details
IPO Names: Indian Railway Finance Corporation (IRFC)
Price Band: Rs. 25-26 Per Share
Issue Size: 4634 crore
IPO Date : 18 Jan to 20 Jan 21
Reservation : 50,00,000 For eligible employees
Lot Size : 575 Equity Share
Face Value : Rs 10/-
Minimum Investment : Rs.14375 – 14950/-
Listing : NSE & BSE
Indian Railway Finance Corporation Limited is registered with Reserve Bank of India as a Non – Banking Financial Company as a Infrastructure Finance Company. DAM Capital Advisors, HSBC Securities and Capital Market, ICICI Securities and SBI Capital Markets are Lead managers in this IPO.
How To Apply IRFC IPO
You can apply this IPO online by using UPI and Bank Account or by the help of stock Broker.
For Opening of Free Demat &Trading Account use following Link are appended below : –
Zerodha : https://zerodha.com/open-account?c=ZMPOUL
Upstox : http://upstox.com/open-account/?f=HBRR
Angel Broking : https://tinyurl.com/yx9gw7db
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