Established in 1986, the Indian Railway Finance Corporation (IRFC) is a public-sector business wholly owned by the Government of India.. IRFC is mainly engaged in funding, under the Ministry of Railways, the purchase of rolling stock assets, leasing of railway infrastructure assets and lending to individuals. As the Indian Railways borrowing arm, IRFC is responsible for raising funds for the Ministry of Railways to acquire, improve, extend and maintain assets for rolling stock assets (cars, trucks, multiple electric units, locomotives, coaches).
Indian Railway Finance Corporation Limited IPO Details
IPO Date
01/18/2021 to 01/20/2021
Issue Type
Book Built Issue IPO
Issue Size
1,782,069,000 Eq Shares of ₹10 (aggregating up to ₹4,633.38 Cr)
Fresh Issue
1,188,046,000 Eq Shares of ₹10 (aggregating up to ₹[.] Cr)
Offer for Sale
594,023,000 Eq Shares of ₹10 (aggregating up to ₹[.] Cr)
Face Value
₹10 per equity share
IPO Price
₹25 to ₹26 per equity share
Market Lot
575 Shares
Min Order Quantity
Listing At
BSE, NSE
Indian Railway Finance Corporation Limited IPO Tentative Timetable
Bid/Offer Launch date
01/18/2021
Bid/Offer Last date
01/20/2021
Basis of Allotment finalization date
01/25/2021
Initiation of Refunds
01/27/2021
Credit of Shares to Demat Account
01/28/2021
IPO Shares Listing Date
01/29/2021
Indian Railway Finance Corporation Limited IPO Lot Size and Price (Retail)
