IRFC stake sale opens at Rs 104 per share Indian Railway Finance Corporation's government-sponsored offer for sale has opened at the floor price of Rs 104, with the Centre divesting a 2% stake valued at approximately Rs 5,436 crore. The non-retail portion subscribed at 95% on opening day, signaling moderate investor interest. Experts highlight that IRFC maintains strong fundamentals as the dedicated financing arm for Indian Railways, backed by quasi-sovereign credit quality and stable revenues. The company reported record quarterly profits for three consecutive quarters. While OFS pricing typically offers entry at a discount to market levels, timing matters significantly. Conservative investors may wait for post-sale price stabilization, while those comfortable with volatility could capitalize on lower subscription prices.
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