Indian Railway Finance Corporation IPO 2021 Issue Date, Subscription

Indian Railway Finance Corporation IPO 2021 IRFC Issue Date 2021 Indian Railway Finance Corporation IPO Subscription Date 2021 IRFC Price Band Per Equity Share. Indian Railway Finance Corporation recently issued their IPO of Rs 5000 crore. Through public we gather information regarding listing of IRFC IPO in BSE and NSE will be soon added.

IPO Subscription Issue Date 2021: Initial public offering of IRFC (Indian Railway Finance Corporation) will closes on 20th January 2021. 65 percent shareholder subscribed IRFC on 1st day of IPO openings. 

QIB Category: Not more than 50% of the Net Issue. 

Railway Finance Corporation IPO Retail Individual Investors Category: Not less than 35% of the Net Issue Non Institutional Category: Not less than 15% of the Net Issue. 

IRFC IPO Employee Reservation Portion: Up to 5.00 million. 

Price Band: 25 per Equity Share to 26 per Equity Share of face value of 10 each. 

IRFC IPO Face Value 2021: 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. Bids can be made for a minimum of 575 Equity Shares and in multiples of 575 Equity Shares thereafter.

Name of The IPO: Indian Railway Finance Corporation.

Issue Date: 18th January 2021.

Simple, Safe, Smart way of Mandatory in public issue. •Application supported by blocked amount (ASBA) is a better way of applying to issues by simply%ocking ASBA* Application!!! No cheque will be accepted. the fund in the bank account. For further details, check section on ASBA below. 

Company was incorporated as Indian Railway Finance Corporation Limited on December 12. 1986, as a public limited company under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the Registrar of Companies. National Capital Territory of Delhi & Haryana RoC. 

Thereafter, IRFC Company received a certificate of commencement of business from the ROC on December 23, 1986. The Ministry of Corporate Affairs, Government of India ("MCA). through its notification dated October 8.1993. classified our Company as a Public Financial Institution under Section 4(A) of the Companies Act, 1956 (now denned in Section 2(72) of the Companies Act. 2013). 

Subsequently, IRFC Company was registered with Reserve Bank of India CRBI") under Section 45-1Aof the RBI Act, 1934 to carry on the business of a non-banking financial institution without accepting public deposits, pursuant to a certificate of registration bearing No. 14.00013 dated February 16, 1998. Subsequently, vide a fresh certificate of registration.