IRFC OFS, Feb. 26 -- The offer for sale (OFS) by railway PSU stock, Indian Railway Finance Corporation (IRFC), is set to open for retail investors today, February 26, after it failed to get full subscription from the institutional buyers.

The multibagger PSU stock's Rs.5,430 crore OFS was booked 94.98% on the first day. At an indicative price of Rs.104.12 apiece, institutional investors put in bids for about Rs.2,326 crore.

Now, the offer will open for retail investors. Given the IRFC OFS' floor price of Rs.104, which is not at any material discount from the current levels and the possibility of future such divestment by the government, analysts see little value for retailers to participate in the offer.

On Wednesday, IRFC share price ...