IRFC IPO OPEN TODAY 18 JANUARY 2021

 

IRFC IPO

Key highlights:

Price band: ₹25-26 per equity share
Lot size: 575 shares
Issue size: ₹4,600 Cr
Issue opens on: 18 January 2021
Issue closes on: 20 January 2021
Basis of allotment date: 25 January 2021
Initiation of refunds: 27 January 2021
Credit of shares to Demat account: 28 January 2021
Expected listing date: 29 January 2021

Click here to apply for this IPO 

 

About the company

Founded in 1986, the Indian Railway Finance Corporation (IRFC) is a non-banking financial company (NBFC) that was started by the government to finance the Indian Railways. The company helps finance assets such as locomotives, coaches, wagons, trucks, containers, cranes, and trollies. It leases railway infrastructure assets and national projects of the Government of India and lends to other public and private companies working under the Ministry of Railways.

The company has a near-monopoly in the railway-financing space. For instance, in FY17, FY18, FY19 and FY20, the NBFC financed 72%, 93%, 82% and 76% of the Indian Railway’s total rolling stock. As of 30 September 2020, the total value of rolling stock assets financed by IRFC stood at ₹2.3 lakh crore. 

The company’s total revenue from operations has steadily increased in the past three years. It grew 19.3% from ₹9,207.8 crore (FY18) to ₹ 10,987.3 crore in FY19, and another ₹13,421 crore (+22.1% ) in FY20. IRFC has already clocked ₹7,384.8 crore in the first half of FY21. 

Profits have seen an uptrend in this interval too. In FY18, FY19 and FY20, the company’s profits stood at ₹2,001.4 crore, ₹2,139.9 crore and ₹3,192 crore respectively. For the first half of the current fiscal, the company posted profits of ₹1,886.8 crore.

About the IPO

IRFC is a wholly-owned entity of the government of India, and functions under the Railway Mistry. Through this initial public offer, the government will sell 178.21 crore equity shares, totalling to over ₹4,200 crore. The IPO comprises a fresh issue of 118.80 crore equity shares and an offer for sale of 59.4 crore equity shares. The public issue is part of the government’s target to raise ₹2.1 lakh crore via disinvestments.

The proceeds of the offer for sale shall be received by the government. Meanwhile, the capital raised from the fresh issue will be utilised for funding business growth and general corporate purposes.

For the IPO, the QIB quota is capped at 50% while retail and HNI categories have been allotted a minimum of 35% and 15%, respectively. To know more, read the IRFC IPO draft red herring prospectus here. We’ll keep you posted on all the latest details about this IPO. Stay tuned!

If you haven't already, open your Upstox account to get 

IPO-ready today! Click here to sign up.

Upstox team 

Authorised Partner

ANTONY WASTE HANDLING CELL IPO

 

Antony Waste Handling Cell (AWHC) Limited, one of the leaders in India's Municipal Solid Waste Management (MSW) industry, launches its IPO today and we have just the platform for you to apply for this opportunity.   It’s a quick and simple UPI-based application process! In case you wish to apply for the AWHC Limited IPO, you can subscribe for the issue between 21st December - 23rd December 2020 by clicking here.   You can read more on AWHC Limited to help you make an informed decision:   Incorporated in 2001, AWHC’s business began with the collection and transportation of municipal waste and later started garbage compaction, processing and management of sanitary engineered landfills. Today the company claims to be among the top five players in the Indian MSW management space. AWHC has 18 ongoing projects, which have reportedly started generating revenue. Some of its prominent ongoing collaborations include those with the municipal corporations of Mumbai (MCGM), Navi Mumbai (NMMC), North Delhi (NDMC), and Greater Noida (GNIDA).

Price band ₹313-315 per equity share Lot size 47 shares Issue date 21 - 23 December 2020   You can learn how to apply for an IPO by clicking here. Haven't tried out Upstox yet? Click here to open your  account now! Upstox Team  Authorised partner

Bector Food IPO open on 15/12/2020

 

Does the name ‘Cremica’ ring a bell? You probably know it for its biscuits and breads, too. Mrs Bector’s Food Specialities Ltd—the company that owns the Cremica brand—is a key supplier to leading fast-food chains in India. The company is going public and here’s a quick run-down on its IPO. 

 
Price band: ₹286-288 per equity share

Lot size: 50 shares
Issue size: ₹540 crore
Issue opens on: 15 December 2020
Issue closes on: 17 December 2020
Basis of allotment date: 22 December 2020
Initiation of refunds: 23 December 2020
Credit of shares to Demat account: 24 December 2020
Expected listing date: 28 December 2020
Registrar: Link Intime India Private Limited
Contact: Ms Shanti Gopalkrishnan, +91 22 49186200
Email: bector.ipo@linkintime.co.in

 

Click here to apply for this IPO 

As per the red herring prospectus filed by the company, Mrs. BectorFood is the largest supplier of buns in India, and a key supplier to quick-service restaurant (QSR) chains such as  Burger  King, McDonald’s, and KFC. The company is among the top two Indian biscuit manufacturers in the premium and mid-premium biscuits segment in Punjab, Himachal Pradesh, Ladakh and Jammu and Kashmir. 

The ₹540 crore offer consists of a fresh issue of ₹40 crore, and an offer for sale of ₹500 crore. The former will be used to expand the company’s biscuit factory in Punjab, while the latter will go to selling investors. The promoters will not dilute their share and will continue to own over 51% of the business after the IPO. In FY20, the company earned a net profit of ₹30 crore and revenue from operations of ₹762 crore.

Qualified institutional buyers (QIB) will be allotted to 50% of the fresh issue, while the quota for non-institutional investors and retail investors stands at 15% and 35% respectively. We’ll keep you updated on all the latest information on this and upcoming IPOs. Read the red herring prospectus to dive deeper into the IPO’s details. Click here to subscribe to the Mrs. BectorFood IPO with Upstox.

 Trading and investing in your favourite stocks is easy on Upstox. If you haven't already, open your Upstox account here

Upstox Team

Authorised Partner