Indian Railway Finance Corporation Limited IPO Message Board (Page 52)

Extremely disappointed by the subscription figures.
Company is good but for strong listing gains heavy subscription from qib and hni must be there here in irfc that part is missing.

On the bases of current figure I am expecting mild listing gain or at par listing.

Hopefully after budget, it gives us the return that we want.. 10-15%

Status at 3.10 pm
QIB : 3.57x
NII : 1.58x
RII : 3.42x
Emp : 39.40x
Total : 3.06x

Must Apply IPO

Status Update at 4.00 Pm
QIB : 3.78x
NII : 2.66x
RII : 3.50x
Emp : 39.50x
Total : 3.40x

I have applied for two lots. Let''s see how it pans out on the listing day :)

I think if the budget gives an attractive amount to indian railways . Then this ipo can be a great hit

GMP 3 Rs

1.30 - 1.35

Can I cancelled my application or not?

Indian Railway Finance Corporation IPO

3rd Day *3:20PM*

The following data is assuming the shares will be issued at @26/- (upper price band)

QIB*: 03.61X (*Excluding Anchor)
NII: 01.78X
RII: 03.46X
Empl.: 39.69X
Total: 03.15X

*RII Applications: 24.03L* Approx
No. of Applic-wise: 2.21X

Subscription jumps at the last moment...
whats the funda here from QIB and NII?

Indian Railway Finance Corporation IPO

3rd Day *2:40PM*

The following data is assuming the shares will be issued at @26/- (upper price band)

QIB*: 02.57X (*Excluding Anchor)
NII: 01.06X
RII: 03.20X
Empl.: 33.84X
Total: 02.57X

*RII Applications: 22.01L* Approx
No. of Applic-wise: 2.03X

Latest GMP??

How to get real time data for BSE?
NSE real time data is available on its website (https://www1.nseindia.com/products/content/equities/ipos/ipo_current_irfc.htm?cat=A)

I am very new to this portal or even to this online Share market, because for last 25+ years I was just too busy to spare time, so am trying to refresh & make my self well verse with new rules & regulations. Yesterday while going through ASBA rules, I found there is one SEBI circular of year 2019. As per this Bank can let only one ASBA per account in IPO and application will be in the name of 1st Account holder only. Although here I have seen people advising or making multiple applications from one account. Are banks allowing this by ignoring the circular or there is some subsequent circular cancelling this order.

Can some one pls clarify this asap ? can we apply thru third party ASBA? I applied many IPOs till Mrs. Bectors thru ASBA and application accepted. Not sure if there is any change now. Dear Admin, please clarify asap

Yes pavan you can apply upto 5 applications from 1 single a/c.
3rd party allowed only in ASBA , not UPI.

What sparked my interest is Employee subscription - 29.60x. Employee subscription limit is also generous 5,00,000 Rs. Babus lapping up IPO like this is very very interesting. After 2017, this is highest subscription under employee quota (if you leave out recent Mrs. Bectors Food Specialities Limited IPO which got subscribed 45.46x).

My educated guess is this could be because of upcoming budget announcement (short term) or compulsion for govt to reduce fiscal support (to limit ballooning fiscal deficit) to Railways which can be filled by IRFC (long term).

Love to hear other learned views on this observation and hypothesis.

Disclaimer: I don''t subscribe to many IPOs but I have applied for this one and I am just sharing my observation here. Please consult your brain (your best friend) before taking any decision.

My guess would be that a lot of railway and rail PSU employees have applied, thinking they are eligible.

This company has just 23-24 employees which are eligible for discount. There is no way 24 employees subscribed to ~30x of the quota.

I decided to cancel my application at last moment as NII subscription (good indicative of listing gain) is still very low. I might buy in secondary market post listing.

GMP 1.25Rs

:)

GMT 3+

Employees are very wealthy it seems. :)

40X

IRFC - QIB Already Applied Over 2.x in BSE.............at 2:45pm as per BSE Website

Both IPOs are bakwaas.. when the market is volatile.. better to stay away from IPOs..

Now HNI just cross 1X

Indian Railway Finance Corporation IPO

3rd Day *2:35PM*

The following data is assuming the shares will be issued at @26/- (upper price band)

QIB*: 02.46X (*Excluding Anchor)
NII: 01.04X
RII: 03.18X
Empl.: 33.58X
Total: 02.52X

*RII Applications: 21.82L* Approx
No. of Applic-wise: 2.01X

How to withdrew upi application . I already approved mandate from bhim.

Mandated applications are not allotted and money is withheld.

Apply from another demat account if you have with an extra broker, or apply through internet banking again. Your application will get rejected, but with netbanking (ASBA) your money of 2 lots will get stuck.

Apply bindass, actual GMP is 4-5/-
Within 3 months stock will cross 40/- mark

Its a "gayi bhains pani mein" ("Buffalo has gone into water") moment for some retailers who applied earlier but now want cancel their application now.