IPO #4 : Indian Railway Finance Corporation Limited
The IPO frenzy is here to stay with IRFCL becoming the first company to come out with it's IPO in 2021. We touched upon the history and the business model of the company. We spoke about the growth of the Industry (i.e. Indian Railways) and how IRFCL is in a pole position to benefit from it's growth.
We analyzed the pros and cons of IRFCL's business and why being in a Monopoly might not be that big of a deal. We also spoke about certain ratios to look at while analyzing the Company and how it's valuation - although cheap, looks justified.
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