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Centre Raises Rs 2,100 Crore From Share Sale Of IRFC
The OFS for IRFC closed with an enthusiastic response from the retail investors.
Govt mobilises nearly ₹2,100 cr via share sale of state-owned IRFC
The government on Thursday said it has raised around Rs 2,100 crore from the share sale of state-owned Indian Railway Finance Corporation (IRFC). The OFS for IRFC closed with an enthusiastic response from the retail investors, Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said in a post on X. "Combined with the institutional investors, 22.88 crore shares were sold to the minority shareholders over the two trading days for an estimated amount of Rs 2,084 crore. We thank all investors for their participation and for reposing their faith in us," he said. The government decided to exercise the green shoe option on Wednesday, allowing 2 per cent stake dilution in the public sector undertaking (PSU) of the Railway Ministry. The Department had fixed a floor price of Rs 91 per share, at a discount of 7.8 per cent over Tuesday's closing price of IRFC shares on the BSE. Shares of IRFC closed 0.8 per cent lower at Rs 91.78 on the BSE on Thursday. Prio
IRFC OFS raises ₹2,084 crore amid strong investor demand for PSU stake sales
The Centre raised about ₹2,084 crore through its IRFC Offer for Sale after strong demand from institutional and retail investors prompted the government to exercise the greenshoe option.
IRFC OFS wraps up with non-retail book fully subscribed, retail at 41.39%
Indian Railway Finance Corporation's (IRFC) offer for sale (OFS) concluded on Thursday with the retail portion receiving a 41.39% subscription, while the non-retail segment was fully subscribed on the first day.
IRFC OFS opens for retail investors; check details, Day 1 subscription status - Upstox
IRFC OFS opens for retail investors; check details, Day 1 subscription statusUpstox
IRFC OFS opens for retail investors today. Should you participate? - Mint
IRFC OFS opens for retail investors today. Should you participate?Mint
IRFC shares fall 2% as OFS worth Rs 2,212 crore opens for retail investors today. Here's all you need to know
Indian Railway Finance Corporation (IRFC) shares dipped as the government initiated an Offer for Sale (OFS), aiming to divest nearly 2% stake. The OFS, priced at a slight discount, saw strong institutional investor interest, leading to the exercise of the greenshoe option. Retail investors and employees can now participate in the sale, which aims to raise over Rs 2,212 crore.
IRFC OFS opens for retail investors today — All you need to know
The government's divestment drive continues to gain momentum as the IRFC stake sale comes after the recent OFS' in Coal India, Central Bank of India, NLC India, NHPC and General Insurance Corporation of India (GIC).
IRFC OFS subscribed over 1.5x by institutional investors; govt to exercise greenshoe option
The government’s offer for sale in IRFC received a strong response from institutional investors, with the non-retail portion subscribed 1.86 times on Wednesday. Following the robust demand, the Centre will exercise the greenshoe option, allowing it to sell an additional 1% stake in the railway financing company through the OFS route.
IRFC share price falls 5% as OFS opens for non-retail investors today. Check details here
IRFC share price opened at ₹94 per share today, as compared to previous close of ₹98.67 on Tuesday.
IRFC shares fall 5% as OFS opens for non-retail investors; Check floor price and other details
At the end of the March quarter, the government held 84.65% stake in IRFC. Retail shareholders a 9.68% stake in the company, as per data available on the stock exchanges.
IRFC shares tumble 5% as OFS opens for non-retail investors. Here’s what shareholders should know
IRFC shares dipped 5% as the government launched an Offer for Sale, planning to sell a 1% stake at a floor price of Rs 91. This move aims to boost the stock's free float and liquidity. The sale, part of the Centre's divestment drive, follows similar offerings in other public sector undertakings. Despite a significant year-to-date fall, IRFC remains popular with a large retail investor base.