Indian Railway Finance Corporation NSE / BSE IPO

21/1/2020
IPO

Re 25 billion

$ 350.768 million

Announced

21/1/2020


Overview:

  • The Indian Railway Finance Corporation, the dedicated market borrowing arm of the Indian Railways, aims to launch its IPO on the NSE and BSE.
  • The IPO will consist of a fresh issue of 938 million shares and an offer for sale of 469 million shares and will aim to achieve a 13.64% stake dilution.
  • The size of the IPO is estimated to be around Rs25 billion.
  • This is the first IPO by a public financial institution and an infrastructure finance non-banking financial company under the administrative control of the Ministry of Railways.

Shah Shameer Ahmed - Researcher

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