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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Indian Railway Finance Corporation Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹26
Per ShareLot Size
575 Shares
Minimum Investment
₹14,950
Issue Size
₹0 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Issue Type
Book Building
ISIN
INE053F01010
Indian Railway Finance Corporation Ltd is the dedicated market borrowing arm of the Indian Railways and are wholly-owned by the Government acting through the MoR and registered with the RBI as an NBFC-ND-IFC. Its primary business is financing the acquisition of Rolling Stock Assets and Project Assets of the Indian Railways and lending to other entities under the MoR. Over the last three decades, it have played a significant role in supporting the capacity enhancement of the Indian Railways by financing a proportion of its annual plan outlay.
The Indian Railways is the largest rail network in Asia, running approximately 13,452 trains every day to transport approximately 22.70 million passengers per day in Fiscal 2018. The MoR has made substantial progress in initiating infrastructure creation. The Indian Railways has planned to borrow Rs. 2.50 trillion from IRFC to fund its proposed capital expenditure from Fiscal 2016 to Fiscal 2020. In particular, the MoR has indicated its intention to borrow Rs. 554.71 billion from IRFC in Fiscal 2020.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of 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.26.00 per equity share (including a premium of Rs.16.00 per equity share) (the "issue price") aggregating to Rs.4633.38 Crores ("issue"). The issue consisted of a fresh Issue of 1,188,046,000* equity shares aggregating to Rs.3088.92 Crores ("fresh issue") and an offer for sale of 594,023,000* equity shares by the President of India, acting through the Mor (selling shareholder"), aggregating to Rs.1544.46 Crores ("offer for sale"). The issue included a reservation of 192,307 equity shares aggregating to Rs.0.50 Crores for Subscription by eligible employees (as defined herein) ("employee reservation portion"). The issue less employee reservation portion is referred to as the net issue. The issue and the net issue constituted 13.64% and 13.63% respectively, of the post issue paid-up equity share capital of the company. The face value of each equity share is Rs.10. The issue Price is 2.60 times the face value of the equity shares.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.