Indian Railway Finance Corporation (IRFC) IPO Price Band, face value, Issue size, Bid lot - All EXPLAINED in brief
Indian Railway Finance Corporation (IRFC) follows a financial leasing model for financing the Rolling Stock Assets. The period of lease with respect to Rolling Stock Assets is typically 30 years, comprises a primary period of 15 years followed by a secondary period of 15 years, unless otherwise revised by mutual consent. IRFC also follow a leasing model for Project Assets, which typically provide for lease periods of 30 years.
IRFC IPO is a fresh Issue of 1,188,046,000 Equity Shares and Offer for sale of up to 594,023,000 Equity Shares. (The offer will constitute upto 13.64% of the post offer paid up Equity capital): Reuters