
Financial Services · NSE / BSE
Incorporated in 1986, the Indian Railway Finance Corporation (IRFC) is a public-sector enterprise wholly owned by the Government of India, primarily engaged in financing the acquisition of rolling stock assets, leasing railway infrastructure, and lending to entities under the Ministry of Railways. As the borrowing arm of Indian Railways, IRFC raises funds for procuring wagons, trucks, electric multiple units, locomotives, and coaches, along with their improvement, expansion, and asset management. The company follows a financial leasing model for a lease period of 30 years, and in fiscal 2019, it financed Rs. 525.35 billion, accounting for 39.34% of Indian Railways’ total capital expenditure of Rs. 1,334 billion.
Price Band
₹25 – ₹26
Issue Size
₹4633 Cr
Lot Size
575 shares
GMP
Est. Listing
₹26
at current GMP
Subscribed
—
Open
18 Jan 2021
Close
20 Jan 2021
Allotment
25 Jan 2021
Refund
26 Jan 2021
Demat Credit
27 Jan 2021
Listing
29 Jan 2021
Overall Subscription
0.00x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
0.00x
High Net-Worth
Retail (RII)
0.00x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| Qualified Institutional (QIB) | 890,961,538 | — | 0.00x |
| Non-Institutional (NII / HNI) | 267,288,462 | — | 0.00x |
| Retail Individual (RII) | 623,673,077 | — | 0.00x |
| Total | 1,781,923,077 | 0 | 0.00x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 1,084,649 | 1,084,649 | 1.00x |
| HNIs (10L +) | 6,938 | 6,938 | 1.00x |
| HNIs (2-10L) | 33,204 | 33,204 | 1.00x |
| Total Applications | 1,124,791 | 1,124,791 | 1.00x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Indian Railway Finance Corporation Limited is bringing an initial public offering (IPO) in the Financial Services sector with an aggregate issue size of ₹4,633 Crores. The shares are offered at a price band of ₹25 to ₹26 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2021-01-20, the basis of allotment is scheduled to be finalized on 2021-01-25. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
Currently, Indian Railway Finance Corporation Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹25 to ₹26 per equity share.
The retail lot size is 575 shares requiring a minimum application amount of ₹14,950. Expected listing price is ₹26 per equity share.
The Indian Railway Finance Corporation Limited IPO aggregate issue size is ₹4,633 Crores with an equity price band set at ₹25 to ₹26 per equity share. The retail lot size is 575 shares requiring a minimum capital outlay of approx. ₹14,950.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 0.00x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2021-01-25. Investors can verify status using PAN card or application number.
Indian Railway Finance Corporation Limited shares are scheduled to list on NSE and BSE on 2021-01-29.