Indian Railway Finance Corporation’s Rs 4,600 crore IPO opens subsequent week

Image Source : PTI Indian Railway Finance Corporation’s Rs 4,600 crore IPO opens subsequent week
The preliminary public providing (IPO) of Indian Railway Finance Corporation (IRFC), value over Rs 4,600 crore, will open on January 18 and shut on January 20. The worth band of the IPO might be of Rs 25-26 per share.
“IRFC coming up for listing with a Rs 4600 cr+ issue in a price band of Rs 25-26 per share. Anchor book on January 15 and the Main book from January 18-20,” mentioned Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM) on Twitter.

Established in 1986, the devoted financing arm of the Indian railways is a public sector enterprise underneath the executive management of the Ministry of Railways.
The Non-Banking Financial Company (NBFC) would utilise the proceeds of the IPO for augmenting fairness capital base to fulfill future capital necessities and basic company functions
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