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Prospectus 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 up to 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.(*) per equity share (including a premium of Rs.(*) per equity share) (the "issue price") aggregating to Rs.(*) Crores ("issue") Consisting of a fresh issue of up to 1,188,046,000 equity shares aggregating to Rs.(*) Crores ("fresh issue") and an offer for sale of up to 594,023,000 equity shares by the President of india, acting through the MoR ("selling shareholder"), aggregating to Rs.(*) Crores ("offer for sale"). The issue includes a reservation of up to (*) equity shares aggregating to Rs. 0.50 Crores for subscription by eligible employees ("employee reservation portion"). The issue less employee reservation portion is referred to as the net issue. The issue and the net issue will constitute up to 13.64 % and up to (*) % respectively, of the post issue paid-up equity Share capital of the company. Price Band : Rs. 25 per equity share to Rs. 26 per equity share of face value of Rs. 10 each. The Floor Price is 2.50 times the face value and the Cap 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 25.00-26.00 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 0.00
DAM Capital Advisors Ltd
HSBC Securities & Capital Markets (India) Pvt Ltd
ICICI Securities Ltd
SBI Capital Markets Ltd
Project Financed through Current Offer 4455.17  
Post Issue Equity Share Capital 13068.51  
Issue Price Rs.25.00  
 
Projects
Augmenting the Equity Capital Base to Meet the Future Capital Requirements Arising out of Growth in the Business General Corporate Purposes
Promoted By
Listing At
Registrar to the Issue
 
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