IRFC IPO Allotment News: The allotment of shares in the initial public offer of Indian Railways Financial Corporation Ltd, or IRFC IPO 2021, will be finalised today, that is, 25th January 2021. Shares will be allotted on the official website of the issue’s registrar KFin Technologies Private Limited, that manages share allocation and refund. Also Read - Train Services Resume In Kashmir Valley After 11 Months of COVID-19 Restrictions

Those who have invested in IRFC IPO can also check the allotment status on the BSE website. According to brokerages, the listing is likely to happen on January 29. Also Read - Trains on East Central Division Cancelled 1 Week Prior to Holi | Travellers From UP, Madhya Pradesh & Bengal Can Check Full List of Cancelled Trains Here

The IPO worth over Rs 4,600 crore opened on January 18 in the price band of Rs 25-26 per share. Also Read - Stock Market News Today, 16 February 2021: Sensex Opens at New High, Nifty Tops 15,000; ONGC, Kotak Bank Among Big Gainers

The IPO of the NBFC comprises up to 178.20 crore equity shares of Rs 10 each, including the fresh issue of 118.80 crore shares and offer for sale of 59.4 crore equity shares.

Notably, this is the first IPO by a railway Non-Banking Financial Company (NBFC). This is also the first IPO of 2021.

The NBFC would utilise the proceeds of the IPO for augmenting equity capital base to meet future capital requirements and general corporate purposes.