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IRFC India No.1 Leading Company Of Railway Sector
Good News Friends. The 1StIPO on this New Year 2021 is IRFC India No.1 Leading Company Of Railway Sector.
Full Name Indian Railway Finance Corporation will be open from 18 January. IRFC Incorporated in 1986, its public-sector enterprise that is wholly-owned by the Indian Government.
Before Explaining (IRFC) I just remember to you IRCTC.
IRCTC was One & only leader in Stock Railway Sector. But Now IRFC is one of the leading company in this sector.
Table of contents
Basic Information on IRFC
Report & Others Info
Company Promoters
IRFC IPO details listing Information
Promoters And Management
Is IRFC IPO Beneficial in 2021?
My Opinion
Basic Information on IRFC
The size of the IRFC IPO is very huge. The organization’s financials, no uncertainty, are solid. In any case, individuals are not considering it to be the following IRCTC. Perhaps, if the offer sees solid membership during the issue time frame, the grey market premium will pick up.
IRCTC shares got recorded in October 2019 with posting gains of a stunning 101 percent. They finished that meeting energizing 128 percent. Another railroad stock, RVNL, had a level introduction in April 2019. Prior to that, Ircon International had in September 2018 got recorded at a 14 percent rebate to its issue cost, to a great extent because of frail market supposition.
IRFC is mainly work financing the securing of active stock resources, renting of railroad framework resources, and loaning to substances under the Ministry of Railways. Being the acquiring arm of Indian Railways, IRFC is capable to raise assets for MoR that is needed to obtain moving stock resources (carts, trucks, electric various units, coaches, trains), its improvement, development, and resources the executives.
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Report & Others Info
Type Public Sector Undertaking
Industry Financial services
Founded 12 December 1986
Headquarters New Delhi, India
Key people Amitabh Banerjee (Chairman & MD)
Products financial
Services Leasing, Lending, borrowing
Website -http://irfc.nic.in/
As per the IPO configuration, IRFC has a market total cap of Rs.4633.37 crores.
Company Promoters:
The promoter of the company is the Ministry of Railways (MOR).
Financial performance of IRFC over the last four years.
| Financial performance | 2017 | 2018 | 2019 | 2020 |
| Total Assets | 128,740Cr | 155,470Cr | 205,605cr | 230,105cr |
| Total Income | 8,015 cr | 9,258cr | 11,136cr | 13,129cr |
| Total Expenses | 5,900cr | 6,682cr | 8,233cr | 10,164cr |
| Profit After Tax | 918cr | 2045cr | 2255cr | 3650cr |
| Long-Term Debt | 105,590cr | 134,010cr | 173,950cr | 243,427cr |
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IRFC IPO details listing Information.
IPO Opening Date – Jan 18, 2021
IPO Closing Date – Jan 20, 2021
Issue Type – Book Built Issue IPO
Face Value – ₹10 per equity share
IPO Price- ₹25 to ₹26 per equity share
Market Lot – 575 Shares
Min Order Quantity- 575 Shares
Listing At- BSE, NSE
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Promoters And Management:
(I) Manjula Rangarajan is the Part-time Chairperson of the Board of IRFC and likewise an official of the Indian Railway Accounts Service. She right currently fills in as the financial authority (railways), near to the circumstance of the additional part (cash) and additional part (monetary arrangement) with the Railway Board.
(ii)Amitabh Banerjee is the MD of the IRFC Company. He holds a four-year confirmation in business from the University of Delhi and advanced education in exchange from the University of Delhi and is in like manner a person from the Institute of Cost Accountants of India. He is an agent of the Indian Railways Accounts Service. Beforehand, he has been connected with Konkan Railway Corporation Limited similarly to the Hindustan Paper Corporation Limited in the restriction of the boss (account).
Is IRFC IPO Beneficial in 2021?
For all protections trade monetary experts out there, it is inspiring news that the Indian Railways Finance Corporation (IRFC) has started its IPO. Its offer expenses are needed to augment conventionally since it is dispatched guarantee to such an extent that you purchase a similar number of parts of IRFC as you can. There are various decisions for buying the bits of IRFC. Do guide an expert before you put your money in the IRFC IPO. It very well may be said that the IRFC IPO is a significant option in 2021.
My Opinion
I hope you like my article IRFC India No.1 Leading Company Of Railway Sector and your knowledge has increased it a lot
If I have made a mistake in this article or if you have any questions, feel free to leave a comment in the comments box and I will try to answer your question as soon as possible.
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