Indian Railway Finance Corporation IPO: Check Details, IPO Size | Espresso


Indian Railway Finance Corporation IPO – Jan 18 to 20

January 14, 2021
Indian Railway Finance Corporation IPO – Jan 18 to 20

Indian Railway Finance Corporation Limited is coming out with a fresh public issue to raise Rs 4,633 crores from the market.

Key details of the issue:

  • Issue opens – Jan 18, 2021 (Monday)
  • Issue closes – Jan 20, 2021 (Wednesday)
  • Issue size – Rs 4,633 crores
  • Price band – Rs 25 – 26

And here are some details of the company and further details on the Indian Railway Finance Corporation Limited issue.

Company details:

  • Indian Railways is the largest rail network in Asia, running approximately 13,523 passenger trains every day in Fiscal 2019 to transport approximately 23.12 million passengers per day in Fiscal 2019.
  • Indian Railways has constantly expanded its network, developed, and grown across various parameters including freight and passenger revenues. Indian Railways has always played a key role in India’s social and economic development as it is a cheap and affordable means of transportation for millions of passengers and as a carrier of bulk freight, plays a significant role in various industries, including Agriculture.
  • Indian Railways faces certain challenges such as overstretched infrastructure, with approximately 60% of the routes being more than 100% utilized and inadequate carrying capacity leading to decreasing modal share in freight and substantial unmet passenger demand.
  • The capital expenditure plan from Fiscal 2016 to Fiscal 2020 (planned outlay of INR 8,560.2 Bn) focuses on improving freight carrying capacity through capacity augmentation to achieve network decongestion, enhancing outlay for doubling third and fourth line projects, developing dedicated freight corridors and improving competitiveness of the Indian Railways through cost optimisation through electrification and improving customer experience by increasing outlay for safety, station redevelopment and passenger amenities.
  • With the expansion of the freight network and passengers demand, the requirement of rolling stock will increase substantially.

Issue size:

Rs 4,633 crores

Issue break-up:

  • QIB – 50% of the offer – Rs 2,316 crores
  • NIB – 15% of the offer – Rs 695 crores
  • RET – 35% of the offer – Rs 1,622 crores

Employee reservation:

Rs 0.5 crores




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