Indian Railway Finance Corporation (IRFC) IPO opens next week. Key things to know
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New Delhi, Jan. 13 -- Indian Railway Finance Corporation (IRFC)'s initial public offering (IPO) of about Rs.4,600 crore will hit the markets next week. IRFC IPO will be the first by a non-banking financial company (NBFC) in the public sector. IRFC is the first NBFC in the PSU sector that is going public. The IPO will open on January 18 and close on January 20.
"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," the secretary at Department of Investment and Public Asset Management, tweeted.
IRFC, set up in 1986, is a dedicated financing arm of the Indian Railways for mobilizing funds from domestic as well as overseas markets. Its primary obje...
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