The IRFC IPO was subscribed by almost 3.5 times. It is expected to list on the exchanges on 29th January 2021. Before it is listed, one needs to check the IRFC IPO allotment status. KFin Technologies Private Limited is the issue’s registrar and it has mentioned that the allotment of shares of the IRFC IPO will get finalized on Wednesday, 27th January 2021. The IRFC IPO allotment status can be checked on the website of KFin Technologies Private Limited as well as on that of the BSE.
The IRFC has one and only one client – the Indian Railways and its subsidiaries. Financing the railways’ humongous operation is the IRFC’s sole focus. IRFC is an NBFC, and it has been given the highest credit rating by ICRA, CRISIL & CARE.
IRFC primarily focuses on financing the acquisition of powered and unpowered vehicles (for example locomotives, coaches, wagons, trucks, flats, electric multiple units, containers, cranes, trollies of all kinds). These are known as Rolling Stock.
IRFC IPO details
The IRFC IPO issue size is a mammoth ₹4,633 crores. The price band is fixed at ₹25-₹26 and the lot size is 575 shares, valuing one lot at ₹14,950. A retail investor can apply for 13 lots. The IPO was open from 18th January 2021 to 20th January 2021.
The offer received bids for 4,35,22,57,225 shares against 1,24,75,05,993 shares on offer. The retail individual investors segment was subscribed 3.66 times and the Qualified Institutional Buyers (QIBs) category 3.78 times and non-institutional investors 2.67 times.
The book running lead managers are DAM Capital Advisors Ltd., HSBC Securities and Capital Markets (India) Pvt., ICICI Securities Ltd. and SBI Capital Markets Ltd.
The share allocation in Indigo Paints IPO is likely to be finalized on 28 January 2021. Listing may happen on 2nd February, brokerages say. Link Intime India is the registrar of the IPO and will manage share allocation and refund. Investors can check allotment status on the registrar’s website after it is finalized.