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Indian Railway Finance Corp's Rs 4,600 cr IPO opens next week
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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.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
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₹95.3
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₹93.6 |
UK Pound
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₹127.7
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Euro
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₹110.65
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₹106.9 |
| Japanese
Yen |
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₹57.9 |
| As on 24 Jun, 2026 |
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