IRFC IPO listing today: Stock disappoints retail investors, lists at 4% discount to issue price
IRFC IPO listing today: Since the stock markets have been weak for the past few sessions, listing of IRFC IPO happened at a discount to the issue price. IRFC stock got listed at Rs 24.9, over 4% discount to the issue price of Rs 26. IRFC listing was weaker when compared to analysts estimates. Sentiments of the markets have turned sour due to fall in the markets ahead of the upcoming budget.
IRFC saw a strong growth during FY20, NII grew at 16.2% vs 9.2% in FY19, PPoP by 14.8% vs 9.9% in FY19, PAT saw a strong growth of 49.2% vs 6.9% in FY19 as it is not required to pay MAT tax: Reuters