Revenue from operations for FY22 grew by 28.71 per cent and stood at Rs 20,298.27 crore this fiscal as against Rs 15,770.22 crore a year ago
At current market price, IRFC has market capitalisation of Rs 32,410 crore-almost equal to its book value
Market players said the response was lukewarm when compared to some of the recent issues
The offer received bids for 1,52,64,04,775 shares against 1,24,75,05,993 shares on offer, as per the data available with NSE
Employee quota lapped up by over 13 times. HNI and institutional book saw only a few bids
Centre for the first time exercises provision for IRFC issue
The initial public offering of Indian Railway Finance Corporation, worth over Rs 4,600 crore, will open on January 18 and close on January 20. The price band of the IPO will be of Rs 25-26 per share
RailTel Corporation of India, Indigo Paints, Home First Finance Company, Indian Railway Finance Corporation (IRFC), and Suryoday Small Finance Bank are among the companies looking to tap the market
Home First Finance, Indian Railway Finance Corporation and Equitas Small Finance Bank are among the latest crop of companies to secure market regulator green light for IPO
Aims at listing by financial year-end or Q1 of FY19
Stable outlook reflects that of the long-term sovereign credit rating for India