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IPO Synopsis
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Indian Railway Finance Corporation Ltd
Registered Office:
UG Flr East Tower NBCC Place,Pragati Vihar Lodhi Road,
New Delhi - 110003,
New Delhi, India.
Email :  cs@irfc.nic.in
Website :  www.irfc.nic.in
Initial Public Offering of up to 1,782,069,000 equity shares of face value of (Rs)10 each ("equity shares") of Indian Railway Finance Corporation Limited ("the company" or the "issuer") for cash at a price of (Rs)(*) per equity share (including a premium of (Rs)(*) per equity share) (the "issue price") aggregating to (Rs)(*) Crores ("issue") Consisting of a fresh issue of up to 1,188,046,000 equity shares aggregating to (Rs)(*) Crores ("fresh issue") and an offer for sale of up to 594,023,000 equity shares by the President of india, acting through the MoR ("selling shareholder"), aggregating to (Rs)(*) Crores ("offer for sale"). The issue includes a reservation of up to (*) equity shares aggregating to (Rs) 0.50 Crores for subscription by eligible employees ("employee reservation portion"). The issue less employee reservation portion is referred to as the net issue. The issue and the net issue will constitute up to 13.64 % and up to (*) % respectively, of the post issue paid-up equity Share capital of the company. Price Band : (Rs) 25 per equity share to (Rs) 26 per equity share of face value of (Rs) 10 each. The Floor Price is 2.50 times the face value and the Cap Price is 2.60 times the face value of the equity shares.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
18-Jan-21
20-Jan-21
25.00-26.00
0.00-0.00
Minimum Application for shares in Nos : 575   Further Multiples of : 575
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
0.00
DAM Capital Advisors Ltd
Project Financed through Current Offer
4455.17
 
Post Issue Equity Share Capital
13068.51
 
Issue Price
25.00
 
Projects
Augmenting the Equity Capital Base to Meet the Future Capital Requirements Arising out of Growth in the Business
General Corporate Purposes
Promoted By
The President of India
Listing At
BSE
NSE
Registrar to the Issue
KFin Techologies Pvt Ltd
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