Indian Railway Finance Corp's Rs 4,600 cr IPO opens next week

Top Stories

»	Gold, silver rise up to 2 pc amid US-Iran ceasefire extension
»	Crude oil prices down up to 2 pc as West Asia talks enter crucial negotiations
»	Rupee rises by 10 paise as crude rallies; precious metals fall nearly 2 pc
»	Crude oil prices near $100 as Iran tightens Hormuz control, ceasefire doubts rise
»	FIIs show early signs of stabilisation in Indian equities, DIIs remain intact

SME Times News Bureau | 13 Jan, 2021
The initial public offering (IPO) of Indian Railway Finance Corporation (IRFC), worth over Rs 4,600 crore, will open on January 18 and close on January 20. The price band of the IPO will be of Rs 25-26 per share.

"IRFC coming up for listing with a Rs 4600 cr+ issue in a price band of Rs 25-26 per share. Anchor book on January 15 and the Main book from January 18-20," said Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM) on Twitter.

Established in 1986, the dedicated financing arm of the Indian railways is a public sector enterprise under the administrative control of the Ministry of Railways.

The Non-Banking Financial Company (NBFC) would utilise the proceeds of the IPO for augmenting equity capital base to meet future capital requirements and general corporate purposes.