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IRFC is bringing the first IPO of 2021, the share is only Rs 26; Check every detail from the launch date

IRFC IPO: Indian Railway Finance Corporation (IRFC) is bringing the first IPO of this year.

IRFC IPO 2021: After the year 2020, now be ready to earn from the IPO market in 2021. The first IPO of this year is coming with the Indian Railway Finance Corporation (IRFC). For the first time, it will happen that an IPO of a PSU NBFC company is coming. This IPO will be open for investment from January 18 to January 20. IRFC plans to raise Rs 4600 crore from the market. The company has fixed the price band for IPO at Rs 25-26 per share. If you are also ready to earn from the IPO market in the new year, then know every detail of this issue…

How many new shares will be issued?

This IPO will be of 178.20 crore shares. In this, 118.80 crore new shares will be issued, while the government will bring a sales offer of 59.40 crores. IRFC had submitted the documents for the IPO in January 2020.

Price band, launch date

The price band for the IPO of IRFC has been fixed at Rs 10 to Rs 25-26 per share. IRFC’s IPO will be launched on January 18. You can invest in it till 20 January.

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How much investment will have to be made?

In this issue, it will be necessary to bid for at least 575 equity shares. That means there will be a lot of 575 shares. Money can be put in an IPO for a maximum of 13 lots. In the IPO of IRFC, 50 per cent of the issue is reserved for qualified institutional buyers (QIB). While 15 per cent for non-institutional buyers. 35 per cent is the reserve for retail investors.

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