Indian Railway Finance Corporation IPO - Investment Rationale: KRChoksey
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Indian Railway Finance Corporation Ltd. incorporated on December 1986, is registered as non-banking financial company and is wholly-owned by the Government of India acting through the Ministry of Railway (MoR).
It is the dedicated market borrowing arm of the Indian Railways, primarily in business of financing acquisition of rolling stock assets, which includes both powered and unpowered vehicles like locomotives, coaches, wagons, trucks, flats, electric multiple units, containers, cranes, trollies of all kinds and other items of rolling stock components.
It is also in business of leasing of railway infrastructure assets and national projects of the Government of India (collectively,’ Project Assets’ ) and lending to other entities under MoR.
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