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ET Markets - Stocks 135d ago
IRFC shares in focus as government won’t exercise greenshoe option in OFS; retail participation opens today
IRFC shares are in focus after the government chose not to exercise the greenshoe option in its OFS amid undersubscription from institutional investors. While retail bidding opens today, the PSU continues to report steady financial performance, with record quarterly profit and improving margins despite a marginal dip in revenue.
FOCUSIRFCJMFINANCILRETAILSDREAMSV2RETAILConsumer DurablesConsumer Services
positive
CNBC TV18 - Markets 135d ago
IRFC shares in focus after government choses to not use greenshoe option in OFS
The portion reserved for non-retail investors in the IRFC Offer For Sale (OFS) was subscribed 95% on Wednesday, according to data on the BSE.
BSEFOCUSIRFCRETAILSDREAMSV2RETAILConsumer DurablesConsumer Services
neutral
CNBC TV18 - Markets 136d ago
IRFC OFS opens today; Govt to divest 2% stake — check floor price
The government will sell a 2% stake in Indian Railway Finance Corporation through an Offer for Sale at a floor price of ₹104, with a 2% green shoe option, as non-retail bidding opens February 25.
IRCTCIRFCLTFMUFINRETAILSDREAMSV2RETAILConsumer ServicesFinancial Services