Indian Railway Finance Corporation IPO
The public issue of the sole dedicated financier to the Indian railways is launching soon.
IRFC (Indian Railway Finance Corporation) is in the principal business of borrowing funds from the financial markets to finance the acquisition/creation of assets which are then leased out to the Indian Railways or any entity under the Ministry of Railways. As per the DRHP, IRFC is registered with the RBI as an NBFC-ND-IFC (i.e. a Non-Deposit accepting Infrastructure Finance Company). The public issue will be in the form of new shares issued by the company as well as an offer for sale by the Government (which is currently the sole shareholder in IRFC).