NEW DELHI: Indian Railway Finance Corporation (IRFC) made its stock market debut on Friday at 4% discount to the issue price.
The shares of the company got listed at Rs 24.90 on NSE, a discount of 4.23 per cent to its issue price of Rs 26. The scrip debuted at Rs 25 on BSE, down 3.85 per cent.
The initial public offer of the company opened on January 18 in the price band of Rs 25-26 per share and closed on January 20 with an enthusiastic response from investors in all the categories.
IRFC, set up in 1986, is a dedicated financing arm of the Indian Railways for mobilising funds from domestic as well as overseas markets.