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IRFC IPO

Open 18th Jan 2021 · Close 20th Jan 2021 · Listing 29th Jan 2021

Price Band₹25.00–₹26.00
Live GMP₹0.00
Subscription3.49×
Issue Size₹4,633.38 Cr
Allotment25th Jan 2021

At a glance

Updated 2026-08-23

IRFC is a Mainboard IPO with an issue size of ₹4,633.38 crore, proposed for listing on BSE, NSE. The offer opens on 18th Jan 2021 and closes on 20th Jan 2021. The issue structure includes a fresh issue of ₹3,088.92 crore and an offer-for-sale component of ₹1,544.46 crore. The current listing schedule points to 29th Jan 2021.

Issue details

Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹4,633.38 Cr
Fresh issue₹3,088.92 Cr
Offer for sale₹1,544.46 Cr
Face value₹10
Price band₹25.00–₹26.00
Allotment25th Jan 2021
Listing29th Jan 2021

Grey market

GMP page ↗
Latest GMP₹0.00
GMP / upper price0.00%
Est. listing₹26.00
GMP is unofficial sentiment data, not an exchange price.

Timeline

Opens18th Jan 2021
Closes20th Jan 2021
Allotment25th Jan 2021
Refund27th Jan 2021
Demat28th Jan 2021
Listing29th Jan 2021

Subscription demand

Full bidding ↗
Total3.49×

Lot size

InvestorLotsSharesAmount
Minimum Bid1575₹14,950

Company

Incorporated1986

Use of proceeds

ObjectAmount
Augmenting ourequity capital base to meet ourfuture capital requirements arising out of growth in our business₹3,011.88 Cr
General corporate purposes₹50.00 Cr
Issue expenses₹43.12 Cr
Total₹3,105.00 Cr

31 Mar 2017

Assets1,826.45
Total Income1,602.85
EBITDA330.12
Profit After Tax229.08
NET Worth786.56
Reserves and Surplus746.56
Total Borrowing0.00

31 Mar 2018

Assets2,319.11
Total Income1,569.56
EBITDA319.07
Profit After Tax220.62
NET Worth954.53
Reserves and Surplus914.53
Total Borrowing0.00

31 Mar 2019

Assets2,583.78
Total Income1,956.66
EBITDA398.98
Profit After Tax272.60
NET Worth1,042.84
Reserves and Surplus882.84
Total Borrowing0.00
Trend chart₹ crore

KPIs

KPIIssue ExpensesEst Amt (₹ Cr.)
1Book Running Lead Managersfees and commissions (including any underwriting commission)3.9
2Commission/processing fee for SCSBs and Sponsor Bank. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs8.79
3Fees payable to Registrar to the Issue
4Regulatory filing fees, book building software fees, listing fees, etc.)11.86
5Printing and stationery2.07
6Fee payable to legal counsels1.43
7Advertising and marketing13.84
8Miscellaneous1.23
Total43.12

Issue expenses

ExpenseAmount
Augmenting ourequity capital base to meet ourfuture capital requirements arising out of growth in our business₹3,011.88 Cr
General corporate purposes₹50.00 Cr
Issue expenses₹43.12 Cr
Total₹3,105.00 Cr

Registrar & lead managers

Registrar

Kfin Technologies Ltd.

Lead managers

  • ICICI Securities Ltd.

Offer documents

Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-23.