India Infrastructure Finance Company is planning to bring ipo this year says md PR Jaishankar

Upcoming IPO: The IPO market in the country is buzzing from the year 2023 till now. One after the other, companies are launching their IPOs on the stock market. These IPOs are also getting good response from the market. But, investors always wait for the IPO of government companies. Earlier, LIC's IPO worth about Rs 21 thousand crore in the year 2022 had created a stir in the market. Now another government company has started preparing for IPO. Public sector India Infrastructure Finance Company (IIFC) may launch an IPO by the end of this year.

Company's financial position is strong, this is the right time to bring IPO

PR Jaishankar, MD of India Infrastructure Finance Company, while talking with CNBC Awaaz, said that the company is busy preparing for IPO. The company's IPO may come this year. He said that we are making all kinds of preparations to go to the stock market. The financial condition of the company is strong and we are growing rapidly. Now is the right time to bring IPO. IIFC was established in the year 2006. It was created to provide financial help to infrastructure projects.

New rules of RBI will not have any impact on IIFC

On the proposed rules of Reserve Bank of India (RBI) regarding infrastructure projects, Jaishankar said that these will not have any impact on the company. At present none of our projects will be affected by this. However, we will have to see the final draft of the new rules. He said that at present these rules are being discussed with all the stakeholders. RBI had recently said that it is going to tighten the rules regarding financing of infrastructure projects. In this, the responsibilities of the financing companies have been increased. They will have to constantly monitor the status of the project. If there is a possibility of delay, immediate action will have to be taken.

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