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Indian Railway Finance Corporation

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.

₹25 - ₹26Open
Listed Price₹25.00
Listing Gain-3.85%

IPO Schedule & Timeline

Bookbuilding IPO
Open18 Jan 2021
Close20 Jan 2021
Allotment25 Jan 2021
Listing29 Jan 2021

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB89,09,38,346 shares
49.99%
HNI26,72,81,504 shares
15%
Retail62,36,56,843 shares
35%
Employee1,92,307 shares
0.01%

Minimum Application Lots

Retail1 Lot (575 shares)
₹14,950
sHNI14 Lots (8,050 shares)
₹2,09,300
bHNI67 Lots (38,525 shares)
₹10,01,650

Company Promoters

President of India

Company Background

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 fo...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Sep-20)₹73848.29 Cr
Growth-19.8%
Revenue Trend (₹ in Crores)
0.051.4k102.9k154.3kMar-18Mar-19Mar-20Sep-20
PeriodRev (Cr)PAT (Cr)AssetsDebt
Sep-2073,848.2918,868.4129,19,865.810
Mar-201,34,210.9031,920.9627,55,041.290
Mar-191,09,873.5521,399.3320,64,382.950
Mar-1892,078.3920,014.6016,14,510.410

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Kfin Technologies Limited

Allotment Finalized
Allotment Date
25 Jan 2021
Official Status
Out / Finalized
Registrar
Kfin Technologies Limited
Listing Date
29 Jan 2021

Official Allotment Verification Links

Official Registrar Portal
Kfin Technologies Limited

Direct allotment verification on the official registrar portal appointed for Indian Railway Finance Corporation. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization25 Jan 2021Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date29 Jan 2021Trading commences on exchange

How to Check Indian Railway Finance Corporation Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Indian Railway Finance Corporation from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About Indian Railway Finance Corporation IPO

Complete issue overview for Indian Railway Finance Corporation (IRFC) IPO. The issue features an equity share price band of ₹25 – ₹26 per share with a minimum retail lot size of 575 Shares (minimum application amount of ₹14,950). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions