IRFC IPO Allocation Today: How to Status, Grey Market Premium, Listed Date and More
Indian Railway Finance Corporation (IRFC) IPO allocation status will be made available on Monday (January 25). IRFC National Transporter is a borrowing organ of Indian Railways.
The IRFC IPO was subscribed to the retail segment. It will be allocated in proportion to Retail Individual Investors (RII). The Rs 6333-crore IPO was subscribed 3.49 49 times more. Depending upon the availability of shares in the retail sector, each retail investor will get at least 1 lot.
If not enough shares are available, a lottery is extracted to select investors. In this case too, a lottery will be rolled out to select retail type investors as it is 49. The Times has been acquired.
IRFC List Date
According to the exchange, the IPO share allocation process takes six working days from the date of issue. The IRFC IPO opened for bidding on January 18 and closed on January 20.
Credit for equity shares will commence from January 2 after the last round. The listing will take place on January 2 and equity shares will be listed on both BSE and NSE exchanges. Refunds will be increased from 27th January.
Also read about National Voters Day
IRFC IPO Status
Visitors can visit bse and NSE websites to check the status of tenderers. The exchange will also provide information on allocation as issued by the Registrar. To avail this facility, the investor will have to register once by providing PAN details. The user will be able to see the details of bids on the registered PAN number.
After registration, the investor will receive an email notification from NSE at the registered email address which will provide login details.
IRFC Grey Market Premium
The grey market premium of IRFC shares fell to Rs 0.60-0.65 from Rs 1 last week.
IRFC was the first public offering in 2021 and the first IPO by the public sector non-banking financial company.
Meanwhile, the government will get Rs 1,544 crore from IRFC’s IPO. The total size of the IRFC IPO was Rs 6,333 crore, of which irfc will get two-thirds and the government one-third (Rs 1,544 crore). A bid of Rs. 11,200 crore (pre-anchor) has been received for the increase.
In the current financial year, the government has collected Rs 15,220 crore from disinvestment and share buyback.
The budget disinvestment for the current financial year is Rs 2.10 lakh crore. Out of this, Rs 1.20 lakh crore will come from the sale of minority share capital in CPSEs and Rs 1,000 crore from the sale of share capital in state-owned financial institutions.