IRFC IPO

IRFC raises Rs 1,390 crore from 31 anchor investors ahead of IPO

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IRFC raises Rs 1,390 crore from 31 anchor investors ahead of IPO

MUMBAI: Indian Railway Finance Corporation (IRFC) has raised Rs 1,390 crore from 31 anchor investors ahead of its proposed initial public offer (IPO). About 53.46 crore equity shares were allotted to anchor investors on Friday at an upper price band of Rs 26 per share. For the first time, the state owned company has made … Read more

IRFC to launch Rs 4,600 crore IPO this month

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IRFC to launch Rs 4,600 crore IPO this month

MUMBAI: Indian Railway Finance Corporation (IRFC) is likely to launch its initial public offering (IPO) by the end of this month to raise about Rs 4,600 crore, according to bankers. For the first time, the state owned company has made provisions for allotment to anchor investors – this will help garner much more value for … Read more