IRFC shares will be released today, this is how you can check status online

The first IPO of 2021 was the Indian Railway Finance Corporation (IRFC). This was the first time an IPO of a public sector non-banking financial company (NBFC) was launched. The IPO was opened to investors from January 18 to January 20. Earlier, IRCTC of Indian Railways launched IPO, which was the most successful IPO. It was filled 109 times.

If you have also applied for the IPO of India Railway Finance Corporation, you will also be eagerly awaiting whether the shares were allotted to you or not. The registrar of this public issue, KFin Technologies Private Limited, informed that the work of allocation of the IPO of the company can be completed by Monday. It is known that KFin Technologies manages the allocation and refund of shares. If investors want to check the status of the allotment of shares, they can do so through the website of Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Apart from this, investors can also get the status of the allocation through the official website of the registrar of the issue.

It is known that the IPO of IRFC had received about 3.5 times the subscription. The company received bids for 4,35,22,57,225 shares under this IPO and the company invited bids for 1,24,75,05,993 shares. IRFC is a subsidiary of Indian Railways, which collects funds from domestic and other markets. After this IPO, the government’s stake in the company has come down from 100 percent to 86.4 percent.

Check the allocation status like this

• First investors go to https://kcas.kfintech.com/ipostatus/.
• Here investors have to opt for recent IPOs.
• Now select the appropriate option from the Select IPO option.
• Now investors have to choose one of the application numbers / DPID / Client ID and PAN option.
• Enter the number you have selected and then enter the captcha code and click on submit button.