Indian Railway Finance lists at 4% discount over issue price in tepid debut

Shares of Indian Railway Finance Corporation (IRFC) made a weak debut at the bourses on Friday, by listing at Rs 25, a 4 per cent discount from its issue price of Rs 26 per share on the BSE on Friday. On the National Stock Exchange (NSE), the stock opened at Rs 24.90 per share.

At 10:44 am, IRFC was quoting at Rs 25, after hitting a high of Rs 25.50 and a low of Rs 24.30 on the BSE. A combined 214 million equity shares changed hands on the counter on the NSE and BSE.

IRFC