Indian Railway Finance Corporation NSE / BSE IPO

Overview:

• The Indian Railway Finance Corporation, the dedicated market borrowing arm of the Indian Railways, aims to launch its IPO on the NSE and BSE.
• The IPO will consist of a fresh issue of 938 million shares and an offer for sale of 469 million shares and will aim to achieve a 13.64% stake dilution.
• The size of the IPO is estimated to be around Rs25 billion.
• This is the first IPO by a public financial institution and an infrastructure finance non-banking financial company under the administrative control of the Ministry of Railways.

Shah Shameer Ahmed - Researcher