Indian Railway Finance Corporation Limited IPO Message Board (Page 70)

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Indian Railway Finance Corporation IPO ? Schedule *(Tentative)*

01st Jan ? Announcement of Price Band
05th Jan ? Anchor Investors Allotment
06th Jan ? Offer Opens
08th Jan ? Offer Closes
13th Jan ? Finalisation of Basis of Allotment
14th Jan ? Unblocking of ASBA Accounts
15th Jan ? Credit of Equity Shares to Depository Accounts
18th Jan ? Commencement of Trading


Indian Railway Finance Corporation IPO ? Issue Information *(Tentative)*

Issue Opens on: 06 January 2021
Issue Closes on: 08 January 2021
Issue Type: Book Built Issue IPO
Issue Size: 1,78,20,69,000 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.25 ? Rs.26 Share *(Tentative)*
Discount: NIL
Market Lot: 575 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 11,88,04,60,000 Shares
Fresh Issue of 1,18,80,46,000 Shares @26/- = Rs.3,088.92Crs
Offer for Sale of 59,40,23,000 Shares @26/- = Rs.1,544.46Crs
Equity Shares outstanding after the Issue = 13,06,85,06,000 Shares

Category-wise Break up:
Anchor ? 53,45,63,010 Shares = 1,389.86Crs
QIB ? 35,63,75,340 Shares = 926.58Crs
NII ? 26,72,81,505 Shares = 694.93Crs
RII ? 62,36,56,845 Shares = 1621.51Crs (Lot size: 575 = 10,84,621 Forms)
Empl. Quota ? 1,92,300 Shares = 00.50Crs
Total Issue ? 1,78,20,69,000 Shares = 4,633.38Crs.

Subscription required for 1X
RII = 10,84,621 Forms
NII = 694.93Crs


Indian Railway Finance Corporation IPO ? Financial Information (Basis of Valuation)

The information is collated from the following documents:
1) DRHP = Draft Red Herring Prospectus dated January 16, 2020 (360 pages)
2) Addendum = Addendum dated October 23, 2020 (156 pages)

EPS for FY16-17 >>> Rs.01.41 (Page #82 of DRHP)
EPS for FY17-18 >>> Rs.03.14 (Page #14 of Addendum)
EPS for FY18-19 >>> Rs.03.43 (Page #14 of Addendum)
EPS for FY19-20 >>> Rs.03.93 (Page #14 of Addendum)

RoNW for FY16-17 >>> 07.67% (Page #83 of DRHP)
RoNW for FY17-18 >>> 12.60% (Page #15 of Addendum)
RoNW for FY18-19 >>> 09.93% (Page #15 of Addendum)
RoNW for FY19-20 >>> 13.93% (Page #15 of Addendum)

NAV as on March 31, 2020 was Rs.26.06 (Page #15 of Addendum)
NAV as on September 30, 2019 was Rs.21.37 (Page #83 of RHP)

Listed Industry Peer Group (Page #15 of Addendum): NONE


Indian Railway Finance Corporation IPO ? *Market?s Current Estimates of oversubscription*:

NII = 51.00K Crs. = ~73.38X
RII = 27.00L Forms = 2.49X Applic. wise (Avg allotment of ~231.40 shares per lot)

Interest cost *@6.00%p.a.* for 7days = 2.99paise for 1X

Thus, for NII the costing = 73.38 X 2.99paise = Rs.2.20 per share (= GMP)

And, for RII the costing = 231.40 X 2.20 = Rs.508/- (= Kostak)


Indian Railway Finance Corporation IPO ? *GMP Estimated*
GMP 2.20 +/- 0.10
Kostak 510 +/- 10

Kalyan Jewellers Ltd is one of the largest jewellery companies in India based on revenue.

Company started our jewellery business in 1993 with a single showroom in Thrissur, Kerala.

Company designs, manufactures and sell a wide range of gold, studded and other jewellery products across various price points ranging from jewellery for special occasions, such as weddings to daily-wear jewellery.

In Fiscal 2020, 74.77% of our revenue from operations was from the sale of gold jewellery, 23.36% was from the sale of studded jewellery (which includes diamonds and precious stones), and 1.87% was from the sale of other jewellery.

Over the years company has expanded to become a pan-India jewellery company, with 107 showrooms located across 21 states and union territories in India, and also have an international presence with 30 showrooms located in the Middle East as of June 30, 2020.

Company also sells jewellery through our online platform at www.candere.com.

SEBI cleared Kalyan IPO in November, but still this has to hit the market.

Suryodaya small finance bank

Sebi gave go -ahead
Fresh issue ...115 95000 shares
Offer for sale ....84 66 796 shares

All is well market conditions may come january month 2021

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Indian Railway Finance Corporation IPO ? *Market?s Current Estimates of oversubscription*:

NII = 51.00K Crs. = ~73.38X
RII = 27.00L Forms = 2.49X Applic. wise (Avg allotment of ~231.40 shares per lot)

Interest cost *@6.00%p.a.* for 7days = 2.99paise for 1X

Thus, for NII the costing = 73.38 X 2.99paise = Rs.2.20 per share (= GMP)

And, for RII the costing = 231.40 X 2.20 = Rs.508/- (= Kostak)


Indian Railway Finance Corporation IPO ? *GMP Estimated*
GMP 2.50 +/- 0.10
Kostak 575 +/- 10

Indian Railway Finance Corporation IPO ? Schedule *(Tentative)*

01st Jan ? Announcement of Price Band
05th Jan ? Anchor Investors Allotment
06th Jan ? Offer Opens
08th Jan ? Offer Closes
13th Jan ? Finalisation of Basis of Allotment
14th Jan ? Unblocking of ASBA Accounts
15th Jan ? Credit of Equity Shares to Depository Accounts
18th Jan ? Commencement of Trading

Indian Railway Finance Corporation IPO ? *Market?s Current Estimates of oversubscription*:

NII = 51.00K Crs. = ~73.38X
RII = 27.00L Forms = 2.49X Applic. wise (Avg allotment of ~231.40 shares per lot)

Interest cost *@6.00%p.a.* for 7days = 2.99paise for 1X

Thus, for NII the costing = 73.38 X 2.99paise = Rs.2.20 per share (= GMP)

And, for RII the costing = 231.40 X 2.20 = Rs.508/- (= Kostak)

Good to see you have again revised your estimated money flow from NII from 50K Crore to 20K Crore and Now 15K. I already told you it won''t cross 15K Crore:)

It should be 8 days to account for 26th Jan holiday

Indian Railway Finance Corporation IPO – Schedule *(Tentative)*

01st Jan – Announcement of Price Band
05th Jan – Anchor Investors Allotment
06th Jan – Offer Opens
07th Jan – Offer Closes
13th Jan – Finalisation of Basis of Allotment
14th Jan – Unblocking of ASBA Accounts
15th Jan – Credit of Equity Shares to Depository Accounts
18th Jan – Commencement of Trading

@Eagleye Mam, Thank you for the information. But please confirm if bidding period for IRFC is only for 2 days or usual 3 days as mentioned in Tentative Schedule.

Offer close date should be 8th January.

Am I eligible for IRFC shareholder quota if I buy IRCTC shares now??

No, there will be no shareholder quota. There is no parent company of IRFC

@eagleye
Your estimates are questionable on following counts.
Government companies share OFS price is not approved by company board but by selling shareholder ie GOI which decides by way of High level Committee, You may have heard in past high level committee given OK to various PSU OFSs.
So as high level Committee has not happened today as their is no news and beside GOI being on holiday (being 4th Saturday) So earliest this committee decide is monday 28th Dec 2020. Then Board has to take a note and give go ahead for filing of RHP. Which also means ROC sanction must be in place before price band can be issued?
Very cut to cut timetable.
2ndly why Govt should do price band on 1st Jan 2021 when it can do so Monday 4th Jan 2021 (to avoid weekend pricing risk). By SEBi rules an issue can be opened after 2 working days of price band announcement
Would appreciate a kind of disclaimer before you give so definite dates

Indian Railway Finance Corporation IPO

GMP 1.70 +/- 0.25
Kostak 400 +/- 10

Strong chance of IPO hitting before end of 135 days from Sep 30, 2020 i.e. Feb 12, 2021. By Law price band needs to be officially announced two working days before issue opening. Given that 25th Dec 2020 is official holiday and 26th Dec 2020 is 4th Saturday so closed how can issue come on Monday 28th Dec 2020.
Request posters to keep logic in mind and not be eager to spread false news which dont benefit any one

@arunARUN no chances on 28 Dec, as this is going to be first PSU platform where anchor placement has been proposed.
No anchor placement done yet. So no changes on tentative dates of 28-30 December.

@arunARUN
Read chance in place of changes

Hello , will my Applications gets rejected if i have applied application under my mothers demat account but using my bank account?

If you applied with your mother's application in your bank account accepted , but your bank supports or not third party application .

Otherwise rejected

Depend on bank whether they accept or not

Rail tail ipo date.and irfc ipo date kai 6

I am finally telling u that IRFC IPO not comes in 2020 so don't do below things
1.Don't post forwarded sms with wrong dates
2.Waiting for 28-Dec to open issue

IRFC IPO : Indian Railway finance Corporation IPO to Open on 28 Dec .

IPO issue - Rs 4633 Cr
Price band - Rs 25-26
IPO LOT - 575

As of now nseindia didn't show or upload ipo details in the site

Irfc ipo final date kai6

New ipo irfc final date kai 6

http://irfcfinance.in/

Real name of the official site is irfc.nic.in

IRFC IPO : Indian Railway finance Corporation IPO to Open on 28 Dec .

IPO issue - Rs 4633 Cr
Price band - Rs 25-26
IPO LOT - 575

It seems, operator will not let it to close at upper circuit, as they want to play with couple of more 20% in coming days..