IRFC IPO Details
IRFC IPO description – 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.
Promoters of IRFC Ltd – The President of India, acting through The Ministry Of Railways, Government Of India
| IRFC IPO details | |
| Subscription Dates | 18 – 20 January 2021 |
| Price Band | INR25 – 26 per share |
| Fresh issue | 1,188,046,000 shares (INR2,970.11 – 3,088.92 crore) |
| Offer For Sale | 594,023,000 shares (INR1,485.06 – 1,544.46 crore) |
| Total IPO size | INR4,455.17 – 4,633.38 crore |
| Minimum bid (lot size) | 575 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
|
IRFC’s financial performance (in INR crore) |
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| FY2018 | FY2019 | FY2020 | H1 FY2021 | |
| Revenue | 9,207.8 | 10,987.4 | 13,421.1 | 7,384.8 |
| Expenses | 6,675.9 | 8,232.0 | 10,229.0 | 5,498.0 |
| Net income | 2,002.3 | 2,140.1 | 3,191.5 | 1,887.3 |
| Margin (%) | 21.7 | 19.5 | 23.8 | 25.6 |
Registrar of IRFC IPO
KFin Technologies Private Limited
Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: [email protected]
Website: www.kfintech.com
IRFC Contact Details
Indian Railway Finance Corporation Limited
UG-Floor, East Tower, NBCC Place,
Bisham Pitamah Marg, Pragati Vihar,
Lodhi Road, New Delhi – 110 003
Phone: +91 11 2290 0600
Email: [email protected]
Website: www.irfc.nic.in
Valuation of IRFC (as of FY2020)
Earnings Per Share (EPS): INR3.40
Price/Earnings (PE ratio): 7.35 – 8.23
Return on Net Worth (RONW): 11.57%
Net Asset Value (NAV): INR25.50 per share
IRFC IPO Subscription Details
| Category | Shares offered | Subscription (no. of times, at 5 PM) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 356,375,339 | 0.00 | 0.00 | 3.78 |
| NII | 267,281,504 | 0.09 | 0.24 | 2.66 |
| Retail | 623,656,843 | 1.25 | 3.32 | 3.66 |
| Employee | 192,307 | 12.68 | 27.40 | 43.75 |
| Total | 1,247,505,993 | 0.64 | 1.22 | 3.48 |
IRFC IPO Analyst Reviews
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IRFC IPO Allotment Status
IRFC IPO allotment status is now available on KFin Technologies’ KPrism mobile app.
Allotment status is also available on KFin’s websites, click on any of these links to get allotment status.
Allotment Status Link #1
Allotment Status Link #2
Allotment Status Link #3
Alternatively, allotment status can be checked on BSE website
BSE IPO Allotment Status Link
Listing Performance of Indian Railway Finance Corporation
IPO Opening Date: 18 January 2021
IPO Closing Date: 20 January 2021
Finalisation of Basis of Allotment: 25 January 2021
Initiation of refunds: 27 January 2021
Transfer of shares to demat accounts: 28 January 2021
Listing Date: 29 January 2021
Opening Price on NSE: INR24.9 per share (down 4.23% from IPO price)
Closing Price on NSE: INR24.75 per share (down 4.81% from IPO price)
Very good company and it is very much future proof. Railway will always be in need of more locomotives and wagons which will mean more business for IRFC. Excellent numbers and margins. A must apply IMO.
Will be waiting for the update
Could be The Great and one of the Best IPO
Best ipo information need always
Will be there discount for small investors??? Plz update
All PSUs listed recently have eroded wealth of investors.We remain to be cautious while applying in IPOs.
Altimately hai to govt company so be coutious
If govt has to make money they will support the issue after all they too are money hungry.
Why QIB not started