Today is the allotment date of the IPO (IRFC IPO allotment date) of the finance company of Indian Railways. Investors who have bid, will be allotted shares today. KFin Technology Private Limited has been given the job of share allotment. Refund will also be issued by this company.
If you too have invested in this IPO (https://ris.kfintech.com/ipostatus/ipos.aspx) you can check the allotment status by visiting the link given above. Apart from this, the status (IRFC IPO allotment status) can also be checked on the BSE website. The listing of this IPO will be done on 29 January. Explain that this is the first non-banking financial company (NBFC) listing for a public sector company. The IPO of IRFC is Rs 4600 crore, and the price band for this was kept at Rs 25-26 per share.
3.5 times subscription was received
Please tell that this IPO got 3.5 times the subscription. This IPO was opened to investors on 18 January. The last date for bidding was 20 January. Today allotment of shares will be final. Refund will be issued by 27 January. Shares will be transferred to the demat account on 28 January. The listing of this IPO will be done on 29 January. This IPO is for 178.20 crore shares of which 118.80 crore new shares have been issued.
Was established in 1986
IRFC was established in 1986. The major business of the company is to raise funds from the financial market and provide financing for the acquisition or creation of properties. These assets are later leased to the Indian Railways. The government’s stake in this company was 100 percent, which has now come down to 86.4 percent.