New Delhi, June 24 -- The Centre's Offer for Sale (OFS) in Indian Railway Finance Corporation (IRFC) received strong investor interest on the first day, with the issue being subscribed 1.86 times, prompting the government to exercise the green shoe option.

The Department of Investment and Public Asset Management (DIPAM) announced the development through a post on the social media platform X on Wednesday.

"Offer for Sale in Indian Railways Finance Corporation (IRFC) received an enthusiastic response from the investors and was oversubscribed 1.86 times on the first day. Government has decided to exercise the green shoe option. Retail investors and employees get to bid on Thursday 25th June 2026," DIPAM said.

The government had earlier on...