IRFC IPO Subscription Status – FINAL
| Investor Category | Quota | Subscription |
|---|---|---|
| Institutional (QIB) | 50% | 3.781x |
| Non-Institutional (HNI) | 15% | 2.663x |
| Retail (RII) | 35% | 3.634x |
| Employee | – | 43.759x |
| Total Subscription | 100% | 3.473x |
Indian Rail Finance Corporation (IRFC), incorporated in 1966, is the dedicated market borrowing arm of the Indian Railways. It primarily deals with financing the assets of the Indian Railways and lending to other entities under the Ministry of Railways. The IPO opens for subscription on 18th January and will be open till 20th January.
IRFC IPO Subscription Status: End of Day Update
| Day | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.000x | 0.002x | 3.781x |
| HNI | 0.092x | 0.243x | 2.663x |
| Retail | 1.250x | 2.330x | 3.473x |
| Employee | 13.524x | 27.404x | 43.759x |
| Total | 0.647x | 1.228x | 3.473x |
IRFC IPO Subscription: Key IPO Details
| Type | Value |
|---|---|
| Issue Size | ₹4,633.38 Cr. |
| Issue Open | 18/01/2021 10:00 AM |
| Issue Close | 20/01/2021 05:00 PM |
| Face Value | ₹10/- per Equity Share |
| IPO Price | ₹25- ₹26 |
| Lot Size | 575 |
| Lots | Min 1 – Max 13 |
IRFC IPO: Analyst Recommendations
LKP Securities – SUBSCRIBE for long term
“Attractive valuation with healthy return ratios make us optimistic on the long term prospects for IRFC”
Choice Broking – SUBSCRIBE
“At the higher price band of Rs 26, IRFC is valued at P/BV of 1x to post issue adjusted BVPS of Rs26.6”
GEPL Capital – SUBSCRIBE
“Keeping in mind the relatively low-risk business model, strategic role in financing growth of Indian Railways and long term prospects considering electrification and network expansion, we recommend a subscribe rating to the offer”
IRFC IPO Subscription – FAQs
1. How to apply for IRFC IPO in Retail Category?
A: An investor in the retail category may apply either through the UPI process via DEMAT account or the ASBA process via bank account
2. How to apply for IRFC IPO in HNI Category?
A: An investor can apply in HNI category only through the ASBA process via bank account
3. When will the IRFC IPO open?
A: IRFC IPO will be open for subscription from 18th January
4. What is the investor quota across each investor category?
A: QIB (Institutional) – 50% | HNI (Non-Institutional) – 15% | Retail – 35%
4. Where can I find the DRHP and RHP details?
A: You can visit the NSE or SEBI websites for these details. Alternately you can click here: RHP and DRHP
5. What is the listing date of IRFC IPO?
A: The tentative listing date of IRFC IPO is 29th January 2021
