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 Rs 4,634-crore IRFC IPO will be the first public issue of the new calendar year 2021.
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.
“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.
The issue includes a reservation of equity shares worth Rs 50 lakh for a subscription. It will constitute up to 13.64% of the post issue paid-up equity share capital of the firm.
Investors will be eligible to bid for a minimum one lot of 575…
