Indian Railway Finance Corporation IPO, Review, IPO Performance by IPOPlatform India

About Indian Railway Finance Corporation

Company Information

Indian Railway Finance Corporation Limited is the dedicated market borrowing arm of the Indian Railways, primarily focused on financing the acquisition of rolling stock assets, which include both powered and unpowered vehicles such as locomotives, coaches, wagons, trucks, and cranes. It also finances the leasing of railway infrastructure assets, national projects of the Government of India (GoI), and lending to entities under the Ministry of Railways (MoR). The MoR is responsible for the procurement of rolling stock assets and the improvement, expansion, and maintenance of project assets, while the company raises the necessary finance for these activities. Over the past three decades, the company has significantly contributed to enhancing the capacity of Indian Railways by financing a portion of its annual plan outlay. In the

Object of Issue

To augment company's equity capital base to meet business future growth requirements
To meet general corporate purposes

Indian Railway Finance Corporation MainBoard IPO Details (at the time of IPO)

IPO Type :

Book Building

IPO Date :

Jan, 2021

IPO Size :

4633.38 Cr.

IPO Subscription :

3.49 X

PE Multiple :

9.00

Merchant Banker :
Hsbc Securities & Capital Markets Private limited

IPO Registrar:
Kfin Technologies Limited

FAQs

1. What is Indian Railway Finance Corporation IPO?

Indian Railway Finance Corporation operates in Banking And Finance and Special Purpose Vehicle For Railway Infra Development Funding. The Issue is listed on MainBoard in Jan, 2021. Indian Railway Finance Corporation IPO size was 4633.38 Cr. with Issue price of 26.00 .

2. Who is the merchant banker of Indian Railway Finance Corporation IPO?

Merchant Banker(s) of Indian Railway Finance Corporation IPO: Hsbc Securities & Capital Markets Private limited , ICICI Securities Limited , Idfc Bank Limited , SBI Capital Markets Limited

3. How many times Indian Railway Finance Corporation IPO was subscribed?

Indian Railway Finance Corporation IPO subscription was 3.49 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

4. What is the listing price of Indian Railway Finance Corporation IPO?

Indian Railway Finance Corporation IPO listed at a listing price of 24.85 against the offer price of 26.00.

5. What is the current market price of Indian Railway Finance Corporation IPO?

The current market price of Indian Railway Finance Corporation is 146.70.