IRFC IPO Review: ICICI Securities on Indian Railway Finance Corporation issue
IRFC IPO Review: Indian Railway Finance Corporation (IRFC) is the dedicated market borrowing arm of the Indian Railways. The company registered with the RBI as a NBFC and is classified under the category of an “Infrastructure Finance Company”. The primary business is financing the acquisition of rolling stock assets, which includes both powered and unpowered vehicles, as enumerated in the Standard Lease Agreement, leasing of railway infrastructure assets and national projects of the Government of India, and lending to other entities under the Ministry of Railways, Government of India.
IRFC’s total revenue from operations increased by 19.3% from Rs 9208 cr in FY18 to Rs 10987 cr in FY19 and by 22.2% to Rs 13422 cr in FY20, and was Rs 7385 cr in first half of FY21: pic taken from youtube.com