IRFC IPO Subscription Status

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IRFC IPO Subscription Status

IRFC IPO worth Rs 4600 crore is open for subscription during Jan 18- Jan 20 at a price band of Rs 25-Rs 26 per equity share. Investors can apply for minimum lot size of 575 shares (Rs 14950). Post issue the promoter holding (Govt. of India) would reduce to 85%. 

IRFC raised Rs 1398 crore from the anchor investors. The anchor investors include:

HDFC Trustee Company Ltd IRFC IPO Subscription Status

Nippon Life India Trustee Ltd, Government of Singapore

Monetary Authority of Singapore

Kuwait Investment Authority Fund

Kotak Mahindra (International) Ltd

Goldman Sachs (Singapore) PTE

Tata AIG General Insurance Co Ltd and Aditya Birla Sun Life Insurance Co Ltd.

IRFC IPO Details, Analysis

Subscription Status (no. of times (x))     
ParticularsShares Offered18th Jan19th Jan20th Jan
QIB356,375,3390.000.003.78
NII267,281,5040.090.242.67
Retail623, 656, 8431.253.323.66
Employees192,30712.6827.4043.76
Total1,247,505,9930.641.223.49
IRFC IPO Allotment and Listing 
Basis of Allotment25th Jan 2021
Refunds27th Jan 2021
Credit to Demat Account28th Jan 2021
Listing Date29th Jan 2021

IRFC raises funds to meet the capex requirements of Indian Railways. The company benefits because of its direct dealings with the Central Govt, with very low risk of defaults and payment delays. margins are determined at the end of each fiscal by MoR (Ministry of Railways). Key risks for the company could be lowering of margins by the MoR, a cut in the railway infrastructure spends by the government and privatisation of the railway network.

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About CA Priyanka Choudhary Jain 69 Articles
Chartered Accountant & an experienced credit analyst. She has worked with CRISIL as a Senior Credit Analyst on rating assignments including business & financial analysis in Corporates as well as the Public Finance Sector. Please mail your queries, feedback, and any suggestions to her on info.financepost@gmail.com

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