IRFC makes tepid debut; lists at 4% discount over issue price
This is the first stock listing of 2021 wherein the government plans to sell around 13.64% in the company to raise around ₹4,633.38 crore at the upper end of the price band.
Shares of Indian Railway Finance Corporation (IRFC) made a tepid listing on Friday. The stock was listed at ₹24.90, 4.2% discount over its share price of ₹26. The initial public offering (IPO) was open for subscription from 18-20 January with a price band of ₹25- ₹26. The issue was subscribed 3.49 times.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started