| 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 : https://irfc.co.in
|
Initial public offering of 1,782,069,000* equity shares of face value of  10 each ("equity shares") of Indian Railway Finance Corporation Limited ("the company" or the "issuer") for Cash at a price of 26.00 per equity share (including a premium of 16.00 per equity share) (the "issue price") aggregating to 4633.38 Crores ("issue"). The issue consisted of a fresh
Issue of 1,188,046,000* equity shares aggregating to 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 1544.46 Crores ("offer for sale"). The issue included a reservation of 192,307 equity shares aggregating to 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 10. The issue
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 |
Rs26.00-0.00 |
Rs0.00-0.00 |
| Minimum Application for shares in Nos :575 Further Multiples of :575 |
| |
RsCr |
Lead Managers to the Issue |
|
| Project Cost |
3088.92 |
|
| Project Financed through Current Offer |
4633.38 |
|
| Post Issue Equity Share Capital |
13068.51 |
|
| Issue Price |
Rs26.00 |
|
|