IRFC IPO: First IPO of New Year 2021 Opens Jan 18

 

IRFC is the first NBFC in the PSU sector that is going public.

The ₹4,600 crore Indian Railway Finance Corporation (IRFC) initial public offer (IPO) is scheduled to open on January 18, becoming the first public issue of the new calendar year 2021.

 According to the red herring prospectus (RHP), the issue is of up to 178.20 crore shares, comprising a fresh issue of 59.43 crore equity shares and offer-for-sale of up to 118.80 crore shares. The price band of the issue is in the range of ₹25-26 per share of face value of ₹10 each.

IRFC coming up for listing with a ₹4600 cr+ issue in a price band of ₹25-26 per share. Anchor book on Jan 15 and the Main book from Jan 18-20.