Indian Railway Finance Corporation (IRFC), the financing conglomerate of the Indian Railways, is expected to float an initial public offering (IPO) of Rs 4,600 crore by December-end. ... This translates into an issue size of Rs 4,600 crore, out of which the fresh issuance will comprise Rs 3,100 crore and OFS Rs 1,500 crore.

IRFC Chairman and MD Amitabh Banerjee told before media that "By early next week we will file the updated draft red herring prospectus (UDRHP) to the regulator. We expect to get the SEBI approval very soon. If not by December-end, then by the first week of January, we may launch the IPO,"

The IRFC IPO will see sale of 178.21-Cr equity shares, comprising a fresh issue of 118.80-Cr equity shares, and an offer for sale  (OFS) of 59.4-Cr equity shares by the Government of India.  The overall issue size aggregates to Rs. 4600-Cr issue which includes new issuance of Rs 3,100-Cr and OFS Rs 1,500-Cr. 

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