INDIAN RAILWAY FINANCE CORPORATION LTD IPO
INDIAN RAILWAY FINANCE CORPORATION LTD was a mainboard IPO, offered at ₹25–₹26 per share to raise ₹4,633 crore. The issue was subscribed 3.49× overall (QIBs 3.78×, NIIs 2.67×, retail 3.66×). It listed on 29 Jan 2021 and closed its first day at ₹25, a listing loss of -4.4% versus the ₹26 issue price. It now trades around ₹73 (+182.2% versus the issue price).
Frequently asked questions
- How many times was the INDIAN RAILWAY FINANCE CORPORATION LTD IPO subscribed?
- The INDIAN RAILWAY FINANCE CORPORATION LTD IPO was subscribed 3.49× overall — 3.78× in the QIB category, 2.67× among non-institutional investors, 3.66× in retail.
- What were the INDIAN RAILWAY FINANCE CORPORATION LTD IPO listing gains?
- INDIAN RAILWAY FINANCE CORPORATION LTD listed on 29 Jan 2021, closing its first day at ₹25 — a listing loss of -4.4% versus the ₹26 issue price.
- What were the retail allotment odds for the INDIAN RAILWAY FINANCE CORPORATION LTD IPO?
- Retail was subscribed 3.66×, so a single-lot application had roughly a 27.3% chance of allotment (about 1 in 4), and allotment was finalised on 25 Jan 2021.
- What was the price band and lot size of the INDIAN RAILWAY FINANCE CORPORATION LTD IPO?
- The price band was ₹25–₹26 per share, with a minimum lot of 575 shares (₹14,950 at the upper band).
- Who were the registrar and lead manager for the INDIAN RAILWAY FINANCE CORPORATION LTD IPO?
- KFin Technologies Private Limited was the registrar to the issue.