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IRFC will be the first IPO by a railway non-banking financial company. The initial public offering (IPO) of Indian Railway Finance Corporation (IRFC) worth about how many crores will hit the market in January 2021?

IRFC will be the first IPO by a railway non-banking financial company. The initial public offering (IPO) of Indian Railway Finance Corporation (IRFC) worth about how many crores will hit the market in January 2021? Correct Answer 4,600

The correct answer is 4,600.

  • IRFC will be the first IPO by a railway non-banking financial company.
  • The initial public offering (IPO) of Indian Railway Finance Corporation (IRFC) worth about ₹4,600 cr will hit the market on 18 January 2021.
  • In Jan 2020, IRFC had filed draft papers for its IPO.
  • IRFC, set up in 1986, is a dedicated funding arm of the Indian Railways for mobilising funds from home as well as abroad markets.

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