Indian Railway Finance Corporation Limited IPO Message Board (Page 72)

IRCTC OFS - Could not find people discussing about it.

Sorry to post on wrong thread - but is it worth buying it?

As OFS price and LTP prices are almost at the same value (~20) , so most of the people not discussing about it I think. And also there is no discount for Retailers

Grey Premium 2Rs

I’m waiting for u

IRFC
2.35 +/- 0.05

How can i participate in IRCTC ofs...

Through your brokers, OFS is done through only Brokers

Irctc ofs participate kaise kren

For retail participants, OFS open tomorrow. Apply through your brokers.

Can we apply through Zerodha?

No Alankit for a PSU IPO, after long time. It's Karvy again :D

IRCTC OFS on 10 and 11 December

Offer size:
Base Issue Size : 2.4 cr Shares (15.0% Equity)

Green Shoe Size : 80 lac Shares (5.0% Equity)

Total Issue Size (Base + Green Shoe): 3.2 cr Shares (20.0% Equity)

Non-retail Portion: 90% of the Offered Shares portion

Retail Portion: 10% of the Offered Shares portion ( Nil discount to retail Investors)

Floor Price: 1,367.00 (Close Price on NSE as on 9th December 2020 - INR 1617.75 , Floor Discount to Close Price 15.5% )

Base Issue Size at Floor Price: INR 32,808mn

Green Issue Size at Floor Price: INR 10,936

Total Issue Size at Floor Price: INR 43,744mn

Trade Date for Non-Retail investors (T Day): Thursday , Dec 10,2020 (0915-1530hrs IST)

Trade Date for Retail Investors (T+1): Friday , Dec 11,2020 (0915-1530hrs IST)

Mechanism: Price priority allocation methodology (Settlement at Multiple Prices)

Timeline:
- Confirmation of allocation for regular bids of T day: on or around 7 PM IST on Dec 10th

- Confirmation of allocation for carry forward bids of T+1 day: on or around 7 PM IST on Dec 11th

Selling Brokers : ICICI Securities

Shall we apply? How much chance of profit?

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

NII = 43.00K Crs. = ~61.87X
RII = 24.00L Forms = 2.21X Applic. wise (Avg allotment of ~260.33 shares per lot)

Interest cost *@6.50%p.a.* for 7days = 3.24paise for 1X

Thus, for NII the costing = 61.87 X 3.24paise = Rs.2.01 per share (= GMP)

And, for RII the costing = 260.33 X 2.01 = Rs.522/- (= Kostak)


Indian Railway Finance Corporation IPO – *GMP Estimated*
GMP 2.00 +/- 0.25
Kostak 525 +/- 25

IRFC
2.00 +/- 0.25

IRFC IPO Date & Price Band: (Tentative)

IPO Open: December 28 2020
IPO Close: December 30 2020
IPO Size: Approx Rs 4600 Crore (Approx)
Face Value: Rs 10 Per Equity Share
Price Band: Rs 25 to Rs 26 Per Share
Listing on: BSE & NSE
Retail Portion: 35% Equity: - Shares

IRFC IPO Market Lot:

Minimum Lot Size: Minimum 575 Shares
Minimum Amount: Rs 14,950
Maximum Amount: Rs 194350

IRFC IPO Allotment & Listing:

Basis of Allotment: January 4th 2021
Refunds: 5th January 2021
Credit to Demat Account: 6th January 2021
Listing Date: 7th January 2021

Is 28th december a good time? when everyone will be on holidays or leave.. I doubt those dates..

IRFC chief as published in Financial Express said that IPO likely date third week of December.

IRFC has same role in Indian Railways sector, what REC and PFC play in power sector. A railway NBFC. The objectives of the issue is Ok. Fresh issue will provide money to the company and Govt is not taking all the money. Financial of this company is strong.
Finger crossed on pricing.

True..

My guess is higher price as the book value it self is around Rs 26

It's a 4600 crore IPO of total 178.2 (118.8 crore OFS and 59.4 Crore fresh issue) crore shares, so price come around 25.82.

It's typing error read 118.8 as fresh issue and 59.4 as OFS.

Hi Friends,

What is experts opinion? Should we subscribe or not?

my guess price will be 24-25

Same Opinion

December or January?

In December...

List of bullet train routes...
1) Mumbai Ahmedabad - 508-kilometres
2) Delhi-Noida-Agra-Lucknow-Varanasi - 865 kilometers
3) Delhi-Jaipur-Udaipur-Ahmedabad - 886 kilometers
4) Varanasi Howrah Route - 760 kilometers
5) Mumbai-Pune-Hyderabad Route - 711 kilometers
6) Chennai-Bengaluru-Mysuru - 435 kilometers
7) Delhi-Chandigarh-Ludhiana-Jalandhar-Amritsar route - 459 kilometers

NHSRCL invites tender for Delhi-Amritsar high-speed rail corridor project...

Seventy-two per cent of contracts of the bullet train project between Mumbai and Ahmedabad will be undertaken by domestic firms as part of the railways' efforts to boost 'Aatmanirbhar Bharat'

Huge finance is required for High Speed railway projects ahead....