The company’s revenue grew by 20% annually to Rs 13,421 crore while net profit rose by 26.2% to Rs 3,192 crore between FY18 and FY20.
Given the low-risk business model, cheaper valuation, and the government’s focus on expanding railway infrastructure in the country, long-term investors may subscribe to the IPO.
ET Intelligence Group: Indian Railway Finance Corporation (IRFC), plans to raise up to Rs 3,088.8 crore through the issue of fresh equity shares to improve the capital base and another Rs 1,544.4 crore through an offer for sale. The public sector undertaking (PSU) is a borrowing arm of the Indian Railways and therefore its growth is linked to the pace of infrastructure development of the Railways. Being a dedicated financer to the Railways, IRFC