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At what price IRFC will list?
IRFC IPO Details:
| Open Date: | Jan 18 2021 |
|---|---|
| Lot Size: | 575 Shares |
| Issue Price: | ₹ 25-26 Per Equity Share |
| Listing At: | NSE,BSE |
| Listing Date: | Jan 29 2021 |
How is the listing price of IPO decided?
The listing price of an IPO is decided by the market demand of the company and the IPO. The higher the demand, the higher the listing price. The demand for the IPO is affected by several factors including the sector, the growth potential, and the expected valuation.
How much should I bid IRFC IPO?
IRFC is the first initial public offer in the calendar year 2021 and the first public issue by a railway non-banking financial company. Investors can participate in the issue by placing bids in a lot size of 575 shares, translating to Rs 14,950 per lot.
Is IRFC IPO good for listing gain?
IRFC IPO Listing: The IRFC (Indian Railway Finance Corporation) stock will be listed on Friday. This stock is not meant for listing gains, he added. The gains will be around 2 per cent in this stock which translates into Rs 0.50.
What is the listing date of IRFC IPO?
IRFC share price listing date: Indian Railway Finance Corporation to debut on January 29; experts unveil this money making strategy | Zee Business.
For example, you can surely accumulate IRFC as a good play on the financing business for Indian railways. But there are a lot more very interesting properties that are part of the Railways story. For Rail Vikas Nigam is a good play on railway infrastructure.
How does IRFC respond to IPO?
Ahead of the IPO, IRFC said that it has received a good response from anchor investors, who helped raise approximately Rs 1,390 crore of its total issue size of Rs 4,633 crore. Retail investors subscribed the issue 1.25 times on day one of the IPO, while the portion reserved for employees subscribed over 13.5 times.
When can you sell IRFC IPO?
The Rs 4,634-crore Indian Railway Finance Corporation (IRFC) initial public offer (IPO) is scheduled to open on January 18, and close on January 20, 2021. Price band of the issue is Rs 25-26 per share. The shares of IRFC are proposed to be listed on BSE and NSE.
Has Irfc IPO been allotted?
The allotment of shares in IRFC IPO has been finalised according to the website of the issue’s registrar KFin Technologies Private Limited, which will manage share allocation and refund.
What is the price of IRFC IPO?
IRFC IPO is a main-board IPO of 1,782,069,000 equity shares of the face value of ₹10 aggregating up to ₹4,633.38 Crores. The issue is priced at ₹25 to ₹26 per equity share.
How long should you hold IRFC stock in your portfolio?
The Managing Editor said that the long term investors in IRFC stock can comfortably keep it in their portfolios. This stock should be held 1-3 years, he said. IRFC Investment Strategy Singhvi said that he had not recommended IRFC stock for listing gains as it was known that it will not have a very strong listing.
How many shares are included in the IPO?
The IPO includes a fresh issue of up to 1,188,046,000 shares aggregating up to Rs 3,089 crore and an offer for sale (OFS) of 594,023,000 shares by the government worth Rs 1,544 crore. These shares are being sold in the price band of Rs 25-26.
When will IRFC IPO allotment 2021 be credited to Demat account?
The finalization of Basis of Allotment for IRFC IPO will be done on Jan 25, 2021, and the allotted shares will be credited to your demat account by Jan 28, 2021. Check the IRFC IPO allotment status.