IRFC IPO to open on Monday in Rs 25-26 per share worth band
Image Source : PTI REPRESENTATIONAL IMAGE
The preliminary public providing (IPO) of the Indian Railway Finance Corporation (IRFC) will open on January 18 within the worth band of Rs 25-26 per share. The IPO value over Rs 4,600 crore would shut on January 20.
The IPO of the NBFC contains as much as 178.20 crore fairness shares of Rs 10 every, together with contemporary difficulty of 118.80 crore shares and supply on the market of 59.4 crore fairness shares.
On Friday, the corporate raised Rs 1,390 crore from anchor traders.
Established in 1986, the devoted financing arm of the railways is a public sector enterprise beneath the executive management of the Ministry of Railways.
The Non-Banking Financial Company (NBFC) would utilise the proceeds of the IPO for augmenting fairness capital base to fulfill future capital necessities and common company functions.
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