New Delhi, June 24 -- Indian Railway Finance Corp (IRFC) share price fell as much as 5.15% to Rs.93.59 apiece in Wednesday's trading session as the offer-for-sale (OFS) has opened for non-retail investors today.

The railway stock opened at Rs.94 per share today, as compared to previous close of Rs.98.67 on Tuesday.

Under the Offer for Sale (OFS), the Centre intends to divest a 1% stake in the company, equivalent to 13.06 crore shares, with the provision to sell an additional 1% stake-another 13.06 crore shares-through the greenshoe option.

IRFC has notified stock exchanges that the OFS floor price has been set at Rs.91 per share, reflecting a 7.5% discount to the stock's previous closing price. The issue will be available to retail inv...