IRFC files IPO draft papers with SEBI


PTI, Jan 20, 2020, 1:53 PM IST

New Delhi: Indian Railway Finance Corporation has filed draft papers with markets regulator SEBI for its initial public offering (IPO).

The public issue is of up to 140,70,69,000 equity shares of which up to 93,80,46,000 equity shares are fresh issue, and up to 46,90,23,000 equity shares are offer for sale, according to the draft red herring prospectus (DRHP).

The net proceeds from the offer are proposed to be utilised towards augmenting the company’s equity capital base to meet future capital requirements arising out of growth in business and general corporate purposes, it said.

IDFC Securities, HSBC Securities and Capital Markets (India), ICICI Securities and SBI Capital Markets are the book running lead managers to the issue.

The shares of the company are proposed to be listed on the BSE and the NSE.

The company was incorporated as the dedicated market borrowing arm for the Indian Railways and has played a strategic role in financing the latter’s operations, as per the draft prospectus.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Gujarat ATS arrests BSF man from Bhuj headquarters for spying for Pakistan

PM Modi congratulates Uzbek president on poll win

Rahul Gandhi backs Shami after pacer faces online abuse

IPL Teams: Sanjiv Goenka wins new franchise for over Rs 7000 cr, CVC capital second at Rs 5600 Cr

Bengaluru: 72 Rohingyas identified, no plan to deport them, says K’taka govt

Vice President Venkaiah Naidu honours Rajinikanth and other winners at 67th National Film Awards

Vazirani- Automotive launches Ekonk, India’s fastest and the lightest electric car ever, a true hypercar

Related Articles More

Rupee settles 18 paise lower at 75.08 against US dollar

Impartial audit essential for resilient economy: Das

Sensex drops over 100 points in early trade; Nifty slips below 18,100

Reliance Industries shares jump nearly 3 pc after earnings

Zoho to start company for R&D to focus on critical know-how in manufacturing sector

MUST WATCH

Rescue team at Kali River Dandeli

Dandeli Boy Missing Case

News Bulletin 25-10-2021

12 year old boy drown in pond while swimming

Heavy rain at Srirangapattana District


Latest Additions

Gujarat ATS arrests BSF man from Bhuj headquarters for spying for Pakistan

PM Modi congratulates Uzbek president on poll win

Rahul Gandhi backs Shami after pacer faces online abuse

IPL Teams: Sanjiv Goenka wins new franchise for over Rs 7000 cr, CVC capital second at Rs 5600 Cr

Bengaluru: 72 Rohingyas identified, no plan to deport them, says K’taka govt

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.