IRFC IPO : 5 Things to know before investing
The First public sector NBFC which is going to be listed on stock exchange with 4,600 Crores IPO. Here are 5 things you should understand before investing into this IPO: About The Company : Incorporation Year : 1986 Indian Railway Finance Corporation (IRFC) was set up on 12th December, 1986 as the dedicated financing arm of the Indian Railways for mobilizing funds from domestic as well as overseas Capital Markets. IRFC is a Schedule ‘A’ Public Sector Enterprise under the administrative control of the Ministry of Railways, Govt. of India It is also registered as Systemically Important Non–Deposit taking Non Banking Financial Company (NBFC – ND-SI) and Infrastructure Finance Company (NBFC- IFC) with Reserve Bank of India (RBI). The Company’s principal business therefore is to borrow funds from the financial markets to finance the acquisition / creation of assets which are then leased out to the Indian Railways. The Union Cabinet had in April 2017 approved listing of five r