The Indian Railway Finance Corporation (IRFC) Incorporated in 1986 and this is a public-sector enterprise which is wholly-owned by the Government of India. IRFC is primarily engaged in financing the acquisition of rolling stock assets, leasing of railway infrastructure assets, and lending to entities under the Ministry of Railways (MoR). Being the borrowing arm of Indian Railways, IRFC is responsible to raise funds for MoR which is required to procure rolling stock assets (wagons, trucks, electric multiple units, locomotives, coaches), its improvement, expansion, and assets management.
It follows a financial leasing model to finance rolling stock assets procurement for a lease period of 30 years. In fiscal 2019, the actual capital expenditures by the Indian Railways were Rs. 1,334 billion, out of which, IRFC financed Rs. 525.35 bn accounting for 39.34% expenditures.
Competitive strengths
Strategic role in Indian Railways growth.
Sound credit rating, CRISIL AAA/A1+ and ICRA AAA/A1+.
Competitive cost of borrowing.
Strong financial performance.
Sound asset-liability management.
Experienced management team.
IRFC IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹25 to ₹26 per equity share |
| Market Lot | 575 Shares |
| Min Order Quantity | 575 Shares |
| Listing At | BSE, NSE |
| BSE Script Code | 543257 |
| NSE Symbol | IRFC |
| ISIN | INE053F01010 |
| Issue Size | Aggregating up to ₹4,633.38 Cr |
| Fresh Issue | Aggregating up to ₹[.] Cr |
| Offer for Sale | Aggregating up to ₹[.] Cr |
IRFC IPO Tentative Timetable
| PARTICULAR | DATE |
| IPO Open Date | Jan 18, 2021 |
| IPO Close Date | Jan 20, 2021 |
| Basis of Allotment Date | Jan 25, 2021 |
| IPO Listing Date | Jan 29, 2021 |
IRFC IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 575 | ₹14,950 |
| Maximum | 13 | 7475 | ₹194,350 |
Company Financials:
| PARTICULAR | 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 |
| Total Assets | 29,19,865.81 | 27,55,041.29 | 20,64,382.95 | 16,14,510.41 |
| Total Revenue | 73,848.29 | 1,34,210.90 | 1,09,873.55 | 92,078.39 |
| Profit After Tax | 18,868.41 | 31,920.96 | 21,399.33 | 20,014.60 |
Objects of the Issue:
To augment company’s equity capital base to meet business future growth requirements.
To meet general corporate purposes.
Company Promoters:
The President of India acting through the Ministry of Railways (MoR) is the promoter of the company.
| Company Contact Information | IRFC IPO Registrar |
| Indian Railway Finance Corporation Limited UG-Floor, East Tower, NBCC Place Bisham Pitamah Marg, Pragati Vihar, Lodhi Road New Delhi – 110 003 Phone: 91 (11) 2436 9766 Email: dgmcs@irfc.nic.in Website: http://www.irfc.nic.in | KFintech Private Limited Selenium Building, Tower-B, Plot No 31 & 32, Financial District,Nanakramguda, Serilingampally, Rangareddi, Telangana India – 500 032. Phone: 1-800-3454001 Email: einward.ris@kfintech.com Website: https://karisma.kfintech.com/ |
