IRFC shares decline as OFS raises ₹2,084 crore
IRFC shares dropped 1.3% to ₹90.61 following a successful Offer for Sale that raised ₹2,084 crore. The greenshoe option was triggered, showing strong demand, while the order book indicates a seller-dominated market.
pre-market1 source ↓written by the desknot a recommendation
- Corporation shares fell
- 1.3%
- after successfully concluding
- ₹90.61
- raising
- ₹2,084 crore
- of orders
- 66.26%
Indian Railway Finance Corporation shares fell 1.3% to ₹90.61 after successfully concluding its Offer for Sale, raising ₹2,084 crore. The greenshoe option was exercised, reflecting strong demand from institutional and retail investors.
Today's order book shows 66.26% of orders are from sellers, indicating a bearish sentiment in the market.
Not investment advice. For informational purposes only.