IRFC India No.1 Leading Company Of Railway Sector

Good News Friends. The 1^StIPO 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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