New Delhi, Feb. 26 -- PSU stock Indian Railway Finance Corporation (IRFC) share price advanced around a percent on Thursday, February 26 as retail portion of its offer for sale (OFS) is scheduled to open today. This means individual investors will be able to place their bids on the stock today.
The stock advanced as much 0.7% to its day's high of Rs.105.30.
The IRFC OFS by the Indian govt did not receive full participation from institutional investors on Wednesday, February 25.
Institutional bidders placed offers for around 22.34 crore IRFC shares, accounting for 94.98% of the more than 23.52 crore shares set aside for them under the OFS. Based on the indicative price of Rs.104.12 per share, these bids translated into a value of roughl...
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