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IPO Synopsis

Indian Railway Finance Corporation Ltd
Registered Office: UG Flr East Tower NBCC Place,Pragati Vihar Lodhi Road , New Delhi - 110003 , New Delhi , India.
Phone : 91-11-24369766 / 24368068   Fax:91-11-24369770
Email :  cs@irfc.nic.in  
Website :  www.irfc.nic.in
Initial public offering of 1,782,069,000* equity shares of face value of (Rs)10 each ("equity shares") of Indian Railway Finance Corporation Limited ("the company" or the "issuer") for Cash at a price of (Rs)26.00 per equity share (including a premium of (Rs)16.00 per equity share) (the "issue price") aggregating to (Rs)4633.38 Crores ("issue"). The issue consisted of a fresh Issue of 1,188,046,000* equity shares aggregating to (Rs)3088.92 Crores ("fresh issue") and an offer for sale of 594,023,000* equity shares by the President of India, acting through the Mor (selling shareholder"), aggregating to (Rs)1544.46 Crores ("offer for sale"). The issue included a reservation of 192,307 equity shares aggregating to (Rs)0.50 Crores for Subscription by eligible employees (as defined herein) ("employee reservation portion"). The issue less employee reservation portion is referred to as the net issue. The issue and the net issue constituted 13.64% and 13.63% respectively, of the post issue paid-up equity share capital of the company. The face value of each equity share is (Rs)10. The issue Price is 2.60 times the face value of the equity shares.

Issue Money Payable On
Opens On Closes On Application Allotment
18-Jan-21 20-Jan-21 (Rs)26.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :575  Further Multiples of :575

  (Rs Cr) Lead Managers to the Issue
Project Cost 3088.92 DAM Capital Advisors Ltd
Project Financed through Current Offer 4633.38  
Post Issue Equity Share Capital 13068.51  
Issue Price (Rs)26.00  
Projects
Augmenting the Equity Capital Base to Meet the Future Capital Requirements Arising out of Growth in the BusinessGeneral Corporate Purposes
Promoted By
The President of India  
Listing At
Mumbai 
NSE 
Registrar to the Issue
KFin Techologies Pvt Ltd  
 

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