Will irfc ipo be oversubscribed?
Emily Baldwin
Score: 4.9/5 (32 votes)
The IRFC IPO was oversubscribed in the retail category. It will be distributed on a proportionate basis to Retail Individual Investors (RII). The Rs 4,633 crore IPO was over subscribed 3.49 times. Each retail investor will get a minimum of 1 lot subject to the availability of shares in the retail portion.
Is Irfc IPO over oversubscribed?
NEW DELHI: The Rs 4,633-crore IPO of Indian Railway Finance Corporation (IRFC) was oversubscribed on the third and final day of bidding. ... IRFC has already raised Rs 1,398.63 crore from 31 anchor investors. The issue will close for subscription on January 20.
How much can you oversubscribed Irfc IPO?
IRFC IPO closes today, was oversubscribed 1.22 times on Tuesday. The IRFC, set up in 1986, is a dedicated financing arm of the Indian Railways for mobilising funds from domestic as well as overseas markets. The price range for the IPO has been fixed at ₹25-26 per share. (Representative photo.)
Is it good to buy IPO Irfc?
According to ICICIdirect.com, as a dedicated finance arm of Indian Railways, IRFC remains a low-risk model with no non-performing asset with a return on equity of 11-12 per cent. Analysts at Anand Rathi Financial Services have also given a 'subscribe' rating to IRFC.
Is IPO of Irfc profitable?
The profit after tax grew at a CAGR of 33.95%. Also, IRFC's total assets grew at a CAGR of 16.04%. ... IRFC has a unique business model and comparing it to any industry benchmark will not be possible. However, its financial performance is indicative of its fundamental strength, making its IPO a good investment option.
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Is it OK to invest in Irfc?
Indian Railway Finance Corporation (IRFC) reported a 15 per cent increase in net profit for the third quarter ended December 31. For the nine months period ended December 31, IRFC reported a 15.65 per cent increase in net profit. IRFC is trading at a price of INR 23.90. This is a dividend-paying company.
Will Irfc go up?
Indian Railway Finance Corporation (IRFC) will raise up to Rs 3,000 crore through issuance of unsecured, redeemable, taxable non-convertible debentures (NCD) maturing in 10-year. The NCDs have a base issue of Rs 500 crore, with retain oversubscription of Rs 2,500 crore.
Is IRFC a monopoly?
Monopoly: Incorporated in 1986, IRFC is a dedicated government entity engaged in financing the acquisition of rolling stock assets (wagons, trucks, electric multiple units, locomotives, coaches), leasing of railway infrastructure assets, and lending to entities under the Ministry of Railways (MoR), expansion plans, and ...
Will IRFC give dividend?
The company has declared an interim dividend of Rs 1,372.19 crore which works out to 31.07 per cent of profit after tax (PAT) for the financial year 2020-21.
What is IRFC stand for?
Indian Railway Finance Corporation (IRFC) is under the ownership of Indian Railways, Ministry of Railways, Government of India.
Will Irfc IPO give listing gain?
IRFC IPO Listing: The IRFC (Indian Railway Finance Corporation) stock will be listed on Friday. ... This stock is not meant for listing gains, he added.
What is Irfc GMP?
Shares of Indian Railways Finance Corporation (IRFC) will list tomorrow (January 29) on BSE and NSE. Amid a sustained selloff in the broader market indices, the GMP (grey market premium) for IRFC has fallen to Rs 0.20-0.25 from Rs 1.5 today. ... It received bids for 432 crore shares against the issue size of 124.75 crore.
What is GREY market premium of Irfc IPO?
Grey market premium of IRFC's unlisted shares has fallen to Rs 0.20-0.25 from Rs 1.5 when the issue had been announced.
Is Irfc IPO allotment out?
The IRFC IPO allotment status will be available on Jan 25, 2021, as per the timeline provided in the red-herring prospectus.
What is Irfc IPO allotment status?
Below are the steps to check IRFC IPO allotment status online: Visit the IRFC IPO allotment status page. Click on the green IRFC IPO Allotment Status. Enter either PAN number, Application Number or DP Client ID of the demat account to check the IRFC IPO allotment status.
Is Irfc allotment declared?
The allotment of shares in IRFC IPO has been finalised according to the website of the issue's registrar KFin Technologies Private Limited, which will manage share allocation and refund.
How much dividend did Irfc declare?
For the year ending March 2021 Indian Railway Finance Corporation has declared an equity dividend of 10.50% amounting to Rs 1.05 per share. At the current share price of Rs 25.05 this results in a dividend yield of 4.19%.
Does Irfc give bonus shares?
Indian Railway Finance Corporation has not announced any bonus so far.
What is record date for Irfc dividend?
Indian Railway Finance Corporation Ltd has informed BSE that the Company has fixed November 11, 2021 as the Record Date for the purpose of Payment of Interim Dividend.
Is IRFC share undervalued?
Considering its financials and prospects, the issue seems to be an undervalued offering. However, if the government or MoR changes its policies regarding IRFC, then its profitability can get affected. ... “Attractive valuation with healthy return ratios make us optimistic on the long term prospects for IRFC,” it said.
How does IRFC earn?
IRFC gets the money from the market on the basis of Government Guarantee and lends it to Indian Railways for expansion, operational activities and any other purposes. IRFC will keep on earning interest from Indian Railways. Thirdly, financing companies like Banks/NBFCs are valued on basis of price to book value.
What is Irfc share target?
18.13. IRFC Target for Year 2021.
Is Irfc a government company?
525.35 billion accounting for 39.38% of the actual capital expenditure of the Indian Railways. The Company is wholly-owned by the Government of India acting through the MoR.
