New Delhi (16.01.2021): Indian Railway Finance Corporation (IRFC), the finance arm of Indian Railways, valued at Rupees 4,633 crore, is set to hit the market with its Initial Public Offer (IPO) on Monday. The IPO's price band will be of Rupees 25-26 per equity share. The anchor book opened Friday, allocating up to 50% of the portion reserved for qualified institutional buyers (QIBs), this is the first time that a PSU is using the anchor-investor route to raise funds. IRFC’s offer is also the first IPO from a railway non-banking financial company (NBFC). At least 15 IPOs are planned for 2021, of which six are likely to be on their own in January. Companies such as Indigo Paints, Home First Finance Company, IRFC, Brookfield REIT and RailTel Corporation India are expected to launch their IPO in January.
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IRFC’s IPO: First Government-owned NBFC to go Public
By IndianMandarins - 2021-01-16 14:01:00
New Delhi (16.01.2021): Indian Railway Finance Corporation (IRFC), the finance arm of Indian Railways, valued at Rupees 4,633 crore, is set to hit the market with its Initial Public Offer (IPO) on Monday. The IPO's price band will be of Rupees 25-26 per equity share.
The anchor book opened Friday, allocating up to 50% of the portion reserved for qualified institutional buyers (QIBs), this is the first time that a PSU is using the anchor-investor route to raise funds. IRFC’s offer is also the first IPO from a railway non-banking financial company (NBFC).
At least 15 IPOs are planned for 2021, of which six are likely to be on their own in January. Companies such as Indigo Paints, Home First Finance Company, IRFC, Brookfield REIT and RailTel Corporation India are expected to launch their IPO in January.
