Indian Railway Finance Corporation Ltd.( IRFC), (A Government of India Enterprise),  has filed the Draft Self Prospectus with SEBI and the issue is coming on January 27, 2012. As per the Prospectus the Bonds shall be issued in forms of Tax Free, Secured, Redeemable, Non Convertible Debentures with face value of Rs. 1000 each having Tax Benefits Under Section 10(15)(iv)(h) of the Income Tax Act, 1961. The issue will be on ‘first come first serve basis’.
As per information, the ratio of total issue will be – QIB & Corporate – 45%, HNIs – 25% and Retail part – 30%…

Read original blog post

Bhaskar said:

Dear sir,

Will the retail portion be also in first come basis or proportional basis, as it was for NHAI and PFC.

Thanks.

Yes. It is on first-come-first-serve basis. So, apply on Day-1