About IRFCL IPO
IRFCL are the dedicated market borrowing arm of the Indian Railways. Our primary business is financing the acquisition of rolling stock assets, which includes both powered and unpowered vehicles.
For example locomotives, coaches, wagons, trucks, flats, electric multiple units, containers, cranes, trollies of all kinds and other items of rolling stock components as enumerated in the Standard Lease Agreement leasing of railway infrastructure assets and national projects of the Government of India and lending to other entities under the Ministry of Railways, Government of India.
IRFCL Support Indian Railway (Irfcl ipo)
INDIAN RAILWAY FINANCE CORPORATION LIMITED (IRFCL) are responsible for raising the finance necessary for such activities. Over the last three decades, IRFCL have played a significant role in supporting the capacity enhancement of the Indian Railways by financing a proportion of its annual plan outlay. The Union Budget proposed a capital expenditure of ₹1,602 billion for the Indian Railways for Fiscal 2020, which was higher than the capital expenditure (revised estimate) of ₹1,388.58 billion in Fiscal 2019.
The actual capital expenditure of the Indian Railways was ₹1,334 billion in Fiscal 2019 (Source: Ministry of Railways).
In Fiscal 2019, IRFCL (INDIAN RAILWAY FINANCE CORPORATION LIMITED) financed 525.35 billion accounting for 39.38% of the actual capital expenditure of the Indian Railways.
IRFCL follow a financial leasing model for financing the Rolling Stock Assets. The period of lease with respect to Rolling Stock Assets is typically 30 years comprising a primary period of 15 years followed by a secondary period of 15 years, unless otherwise revised by mutual consent.
In Fiscals 2017, 2018 and 2019 (revised estimate), IRFCL (INDIAN RAILWAY FINANCE CORPORATION LIMITED) responsible for financing 72%, 93% and 82%, respectively, of the Indian Railway’s total rolling stock (Source: Ministry of Railways).
The total value of Rolling Stock Assets financed by us as of March 31, 2019 and as of September 30, 2019 was 1,940,440.00 million and ₹2,102,023.51 million, respectively, while the value of Rolling Stock Assets financed in Fiscal 2019 and in the six months ended September 30, 2019, was ₹240,550.84 million and ₹146,517.25 million,respectively.
The following table sets forth certain information on the Rolling Stock Assets financed by us from commencement of our business till March 31, 2019 and September 30, 2019.
IRFCL (INDIAN RAILWAY FINANCE CORPORATION LIMITED) Strengths
- Strategic role in financing growth of Indian Railways.
- Competitive cost of borrowings based on strong credit ratings in India and diversified sources of funding.
- Consistent financial performance and cost plus model.
- Low risk business model.
- Strong asset-liability management.
- Experienced senior management and committed team.
IRFCL IPO Details
|Issue Type||Book Built Issue IPO|
|ISSUE||Up to 1,407,069,000 Equity Shares, aggregating up|
to ₹[●] million
|Offer for Sale||Up to 469,023,000 Equity Shares, aggregating up|
to ₹[●] million
|Fresh Issue||Up to 938,046,000 Equity Shares, aggregating up|
to ₹[●] million
|Face Value||₹10 Per Equity Share|
|Issue Price||[-] to [-] Per Equity Share|
|Min Order Quantity|
|Listing At||BSE, NSE|
Promoter of IRFCL (indian railway finance corporation limited)
Promoter is the President of India, acting through the MoR.
Pre-Issue Shareholding of our Promoter
|Category of Shareholder||No. of Equity Shares||% of total paid up Equity Share capital|
Financial Statements of IRFCL IPO
|Particulars||For the year ended (₹ in Million)|
|Profit After Tax||22,548.27||20,498.88||9,216.13|
|IRFCL IPO Subscription Status|
|Check IRFCL IPO Allotment Status:|
|Click on this Link: https://corpreg.karvy.com/ipostatus/|
|Company contact information|
|Registered and Corporate Office: UG-Floor, East Tower, NBCC Place, Bisham Pitamah Marg, Pragati Vihar, Lodhi Road, New Delhi – 110 003; Tel: +91 (11) 2436 9766|
Contact Person: Vijay Babulal Shirode, Company Secretary and Compliance Officer;
Tel: +91 (11) 2436 8068;
Corporate Identification Number: U65910DL1986GOI026363
|IRFCL IPO Registrar Info:|
|KFin Technologies Private Limited|
(formerly known as “Karvy Fintech Private Limited”)
Selenium Tower-B, Plot 31 & 32, Gachibowli Financial District, Nanakramguda, Serilingampally
Hyderabad 500 032, Telangana, India
Telephone: +91 40 6716 2222
Email: [email protected]
Investor grievance email: [email protected]
Contact Person: M. Murali Krishna
SEBI Registration No: INR000000221
More IPO – SBI CARD IPO