Indian Railway Finance Corporation Limited (the "Company" / IRFC), the dedicated market borrowing arm of the Indian Railways, today in its anchor book has raised Rs 1398.63 crores from 31 anchor investors ahead of its public issue. These anchor investors have been allocated 534,563,007 Equity Shares at an upper price band of Rs 26 per Equity Shares (which includes a premium of Rs 16 per Equity Share).
The anchor investors include:
HDFC Trustee Company Ltd - HDFC Equity Fund - 19.32%,
HDFC Trustee Co. Ltd. A/C HDFC Housing Opportunities Fund - 1140D November 2017 (I) - 3.86%,
HDFC Trustee Co. Ltd. A/C HDFC Dividend Yield Fund - 2.58%,
Nippon Life India Trustee Ltd. - A/C Nippon India Tax Saver (ELSS) Fund - 8.99%,
Nippon Life India Trustee Ltd - A/C. Nippon India Small Cap Fund - 5.76%,
Nippon Life India Trustee Ltd - A/C Nippon India Value Fund - 2.52%,
Nippon Life India Banking Fund - 2.30%,
Nippon Life India Trustee Ltd - A/C Nippon India Vision Fund - 2.01%,
Government of Singapore - 16.93%,
ITPL - Invesco India Contra Fund Reg - RCF - 4.43%,
ITPL - Invesco India Growth Fund REGMFRGF - 3.80%,
ITPL - Invesco India Tax Plan Reg - RTP - 1.04%,
ITPL - Invesco India Dynamic Equity Fund - 1.01%,
ITPL - Invesco India Mid Cap Fund REG - RMC - 0.93%,
ITPL - Invesco India Mid N Small Cap Fund REGMF - RMCF - 0.82%,
ITPL - Invesco India PSU Equity Fund - 0.62%,
ITPL - Invesco India Banking Fund REGMF - RBF - 0.41%,
Invesco Trustee Private Ltd - A/C Invesco India Equity & Bond Fund - 0.28%,
ITPL - Invesco India Business Leaders Fund RTCPLRBLF - 0.21%,
ITPL - Invesco India Infrastructure Fund REGMFARIF - 0.10%,
ITPL - Invesco Trustee Pvt Ltd. - A/C Invesco India Equity Savings Fund - 0.02%,
Monetary Authority of Singapore - 4.15%,
NPS - Trust - A/C SBI Pension Fund Scheme E - TIER I - 3.74%,
NPS - Trust - A/C SBI Pension Fund Scheme E - TIER II - 0.14%,
BNP Paribas Arbitrage - ODI - 3.24%,
Kuwait Investment Authority Fund F238 - 2.88%,
Kotak Mahindra (International) Ltd - 2.16%,
Goldman Sachs (Singapore) PTE - ODI - 2.16%,
Tata AIG General Insurance Co. Ltd. - 2.16%,
Rising India Focus Fund Ltd - 0.72%,
Aditya Birla Sun Life Insurance Co Ltd. - 0.72%.
The "Issue" opens on Monday, January 18, 2021. The Bid / Issue Period will close on Wednesday, January 20, 2021. The price band of the Issue has been fixed at Rs 25 to Rs 26 per Equity Share.
Initial Public Offering of up to 1,782,069,000 Equity Shares of face value of Rs. 10 each. The initial public offering comprises of a fresh issue of up to 1,188,046,000 Equity Shares ("Fresh Issue") and an offer for sale of up to 594,023,000 Equity Shares by the President of India, acting through the Ministry of Railways ("Selling Shareholder") ("Offer For Sale"). The issue includes a reservation aggregating to Rs. 5.00 million for subscription by eligible employees (as defined herein) ("Employee Reservation Portion"). The issue less employee reservation portion is referred to as the Net Issue.
Bids can be made for a minimum of 575 Equity Shares and in multiples of 575 Equity Shares thereafter.