IRFC (Indian Railway Finance Corporation) IPO Details IRFC IPO will be the first IPO of this year. IRFC intends to raise about ₹4,600 crores through its IPO. The company will raise about ₹3,200 crores through the fresh issue and the government will raise about ₹1,400 crores. After the issue Government will own an 86% stake in the company. Company Analysis IRFC is owned by the Government of India. IRFC is registered as NBFC in RBI which directly works for the Ministry of Railways( MOR ). IRFC raises funds and manages assets for MoR. IRFC helps in financing all the projects of MoR by taking debt or any other way. IRFC buys assets needed to complete projects of MoR and then it leases the as sets to MoR for long period of like 20-30 years. So if IRFC leased some assets to MoR for 30 years, this IRFC may recover the number of assets in 15 years, and in the next 15 years, IRFC generates revenue. IRFC also provides funding to other rail companies like Ra...
What is Nifty 50 and Sensex? Sensex was launched in 1986 by BSE and Nifty 50 was launched on 22 April in 1996. Nifty 50 and Sensex are the indices of India. Nifty 50 represents the top 50 companies of India listed on NSE and Sensex shows represent the top 30 companies of India on BSE. Indices represent the country's stock markets. Almost every having a portfolio in the same market of indices can compare their portfolio returns with indices and even mutual also compare their fund returns with indices. How to Nifty is calculated? Step 1: Calculate IWF(Investible Weight Factors) IWF is a unit of floating stock available for trading. IWF is total shares minus (addition of shareholding of the promoter, government holding in the capacity o strategic investor, shares held by promoters through ADR/GDRs, cross-holdings by associates or group companies, Employee Welfare Trust and Shares under lock-in category) and the answer is then divided by total shares. For this, an exa...