New Delhi: Indian Railway Finance Corporation (IRFC) is coming in the market from tomorrow i.e. 18 January 2021 to raise money through IPO. Investors can get an opportunity to earn by investing in this IPO. The IPO has raised Rs 1389 crore from 31 anchor investors at the moment of launch.
The initial public offering (IPO) of Indigo Paints, backed by Indian Railways Finance Corporation (IRFC) and Sequoia Capital, will arrive this week. These two IPOs are expected to raise more than Rs 5,800 crore.
The liquidity situation in the stock market is quite good at this time and the number of new retail investors has also increased drastically. In such a situation, both companies are expected to benefit from it. The IPO of IRFC will open on January 18 and close on January 20. At the same time, the IPO of Indigo Paints will open on January 20 and close on January 22.
The IPO of IRFC is 178.20 crore shares. Of this, 118.80 crore new shares will be issued while the government will bring 59.40 crore shares of sale offer (OFS). The price range for the IPO of IRFC has been fixed at Rs 25-26 per share. The IPO is expected to raise Rs 4,633.4 crore at the upper level of the price range.
The company raised Rs 1,390 crore from anchor investors on Friday. IRFC was established in 1986. The Union Cabinet had approved the listing of five railway companies on April 2017. Four of these companies … IRCON International Ltd., Rights Ltd., Rail Vikas Nigam Ltd. And Railway Catering and Tourism Corp .. are listed.
At the same time, new shares worth Rs 300 crore will be issued under the IPO of Indigo Paints. Private equity company Sekoya Capital will bring a sale offering (OFS) of 58,40,000 equity shares through its two funds… SCI Investments Four and SCI Investments Five and promoter Hemant Jalan.
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The price range for the IPO has been kept at Rs 1,488-1,490 per share. At the upper level of the price range, this IPO is expected to raise Rs 1,170.16 crore.