SME Times News Bureau | 18 Jan, 2021
The initial public offering (IPO) of the Indian Railway Finance
Corporation (IRFC) will open on January 18 in the price band of Rs 25-26
per share.
The IPO worth over Rs 4,600 crore would close on January 20.
The
IPO of the NBFC comprises up to 178.20 crore equity shares of Rs 10
each, including fresh issue of 118.80 crore shares and offer for sale of
59.4 crore equity shares.
On Friday, the company raised Rs 1,390 crore from anchor investors.
Established
in 1986, the dedicated financing arm of the 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.
