(IRFC) Indian Railway Finance Limited IPO Particulars
IPO Opens on : 13Jan 2020 IPO Closes on : 15 Jan 2020 Issue Type: Book Built Issue IPO Issue : Up to 1,78,20,69,000 Equity Shares, aggregating up to Rs 4633.38 Crore of which Fresh Issue 11,88,04,60,000 Shares Equity Shares, aggregating up to Rs 3088.92 Crore Offer for Sale comprises: Up to 59,40,23,000 Equity Shares, aggregating up to Rs 1546.44 crore Face Value per share : Rs. 5 Price Band: Per Equity Share: Rs. 25-26 Minimum Order Quantity: 575 Shares Listing will at: BSE,NSE
HDB Financial Services, the subsidiary of India’s largest private lender bank HDFC, is gearing up to hit the primary markets in 2021. The company is looking to raise ₹9000 crore from the public offering, and it will be the fifth HDFC group company to list on stock exchanges.
Reports indicate that the company has already appointed Bank of America Merrill Lynch and Morgan Stanley to manage its IPO. HDFC Bank is the promoter of the company and holds 95.53% stake in HDB Financial Services.