InvestorQ : What was the subscription like for the IRFC IPO which closed on Wednesday for subscription?
Arti Chavan made post

What was the subscription like for the IRFC IPO which closed on Wednesday for subscription?

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Rutuja Nigam answered.
4 months ago
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The IPO of the Indian Railway Finance Corporation or IRFC, which closed for subscription on Wednesday 20 January, was oversubscribed by around 3.46 times overall. There was good demand visible from the retail segment and the institutional investors. While retail portion got 3.6 times subscription, QIB portion was subscribed 3.8 times.

The total issue size was for 124.75 crore shares and IRFC received applications for 432 crore shares against that. The overall size of the issue was slated at Rs.4633 crore and considering the oversubscription from key segments, the pricing is likely to be the upper end of the IPO price band. The HNI segment lagged, got only 2.67 times subscription, largely on the back of lack of funding interest.

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