IRFC OFS opens for retail investors today. Should you participate?
New Delhi, June 25 -- Indian Railway Finance Corporation (IRFC) share price extended fall for second day on Thursday, 25 June. IRFC shares plunged over 1% to 91.55 apiece on NSE as the offer for sale (OFS) opened for retail investors today, 25 June.
IRFC share price opened at Rs.91.01 apiece today, as compared to previous close of Rs.92.50 on Wednesday.
Non-retail investors fully subscribed to the IRFC OFS on Wednesday, placing bids for 1.86 times the shares reserved for their category. Following the strong response, the Centre has decided to exercise the greenshoe option.
Under the OFS, the government is offering up to a 2% stake in IRFC, comprising a base issue of 1% or 13.06 crore shares, along with an additional 1% stake through th...
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