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IRFC IPO to open on January 18; firm looks to raise Rs 4,600 crore

The issue consists of a fresh issue of up to 118.80 crore shares and offer for sale of up to 59.40 crore shares by the government

IPO, shares, company, firms, market
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In January 2020, IRFC had filed draft papers for its IPO

Press Trust of India New Delhi

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The initial public offering (IPO) of Indian Railway Finance Corporation (IRFC) worth about Rs 4,600 crore will hit the market on January 18, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said on Wednesday.
 
"IRFC coming up for listing with a Rs 4600 cr+ issue in a price band of Rs 25-26 per share. Anchor book on Jan 15 and the main book from Jan 18-20," he tweeted.
 
This will be the first IPO by a railway non-banking financial company (NBFC).
 
In January 2020, IRFC had filed draft papers for its IPO.
 
The issue

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Jan 13 2021 | 1:23 PM IST

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