InvestorQ : What is the size of IRFC’s IPO?
Neha Samdani made post
IPO

What is the size of IRFC’s IPO?

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Isha Tharwani answered.
6 months ago
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Indian Railway Finance Corporation (IRFC) initial public offer (IPO) is scheduled to open on January 18. The issue will close for subscription on January 20, 2021. According to the red herring prospectus (RHP), the issue is of up to 178.20 crore shares, comprising a fresh issue of 59.43 crore equity shares and offer-for-sale of up to 118.80 crore shares.

DAM Capital Advisors Ltd, HSBC Securities and Capital Markets (India) Private Ltd, ICICI Securities Ltd and SBI Capital Markets Ltd are the book running lead managers to the offer. While KFin Technologies Private Ltd will be the registrar to the issue. The shares of IRFC are proposed to be listed on BSE and NSE.

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