Should I hold on to IRFC shares?

If IRFC stock is listed below the issue price, then the investors should hold this stock for long term. It is a risk-free stock, and the investors are not likely to get tension from it, he further said. Investors who have bought into IRFC IPO for listing gains should keep the stop loss at Rs 26.

Is IRFC share good for long term?

IRFC is a low risk company, its stocks can give good returns to the investors in the medium term,” he added. It was great for long term investors as it had low investment risk and earning opportunities. However, the company’s return on equity and margin was low, so it was a good investment option for long term.

Is IPO of IRFC good or bad?

Most brokerages say the IRFC IPO is attractively priced and can be a good bet for conservative long-term investors, given the company’s low-risk profile and consistent earnings visibility. NEW DELHI: The Rs 4,633-crore IPO of Indian Railway Finance Corporation (IRFC) kicked off on Monday.

Will Irfc pay dividends?

The company has declared an interim dividend of Rs 1,372.19 crore which works out to 31.07 per cent of profit after tax (PAT) for the financial year 2020-21.

Will Irfc give dividend?

For the year ending March 2021 Indian Railway Finance Corporation has declared an equity dividend of 10.50\% amounting to Rs 1.05 per share. At the current share price of Rs 22.80 this results in a dividend yield of 4.61\%.

Will IRFC be a multibagger?

It won’t be a big multibagger for sure. But it is a very safe stock that will surely give much better returns than any Mutual funds. Could expect good dividend and I personally expect it to double in 3-4 years from here. You can keep Rail Vikas as benchmark for it.

Who will get IRFC dividend 2021?

Indian Railway Finance Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 01, 2021, inter alia, have declared an Interim Dividend of Rs. 0.77/- (Rupees Seventy Seven Paisa only) per equity share of Rs. 10/ each.

What is IRFC IPO and how does it work?

What is IRFC IPO? IRFC IPO is a main-board IPO of 1,782,069,000 equity shares of the face value of ₹10 aggregating up to ₹4,633.38 Crores. The issue is priced at ₹25 to ₹26 per equity share. The minimum order quantity is 575 Shares.

How much money IRFC raised from Anchor investors?

Ahead of its IPO, IRFC on Saturday said it has raised Rs 1,398.63 crore from 31 anchor investors. The issue will close for subscription on January 20. The government is looking to sell 1,782,069,000 shares of IRFC in the Rs 25-26 price band through the IPO.

When will IRFC IPO allotment 2021 be credited to Demat account?

The finalization of Basis of Allotment for IRFC IPO will be done on Jan 25, 2021, and the allotted shares will be credited to your demat account by Jan 28, 2021. Check the IRFC IPO allotment status.

How does IRFC finance rolling stock procurement in India?

It follows a financial leasing model to finance rolling stock assets procurement for a lease period of 30 years. In fiscal 2019, the actual capital expenditures by the Indian Railways were Rs. 1,334 billion, out of which, IRFC financed Rs. 525.35 bn accounting for 39.34\% expenditures.