The corona epidemic crisis was good for investors in 2020. The IPO market was also in excitement. About 15 major companies launched IPOs. Almost all IPOs have been forcibly listed, and investors have made good profits. Some IPOs were listed at double the price of the price list.
The IPO market is expected to improve in 2021. Some big companies are preparing to launch their IPOs. The first IPO of 2021 is set to launch on January 18. It is expected to remain open for two days and close on January 20.
The Indian Railways Finance Corporation (IRFC) is gearing up to raise Rs 4 600 crore at the IPO launch. The IRFC is the first IPO in the country among non-banking financial companies. From January 18 to January 20, retail investors will be able to buy from the IPO market. But for Anchor Investors, it is said to be open from January 15.
The IRFC has set an issue price band of Rs 25 to Rs 26 for the IPO. In this IPO, investors have to apply for at least 575 shares. It has 545 shares in one lot. Investors can apply to buy about 13 lots. However, it is learned that the IRFC will release 178 crore shares through the IPO.