GK and monthly revision

IRFC OFS subscribed over 1.5x by institutional investors; govt to exercise greenshoe option

The government's offer for sale (OFS) in Indian Railway Finance Corporation (IRFC) was met with significant interest from institutional investors, achieving a subscription rate of 1.86 times on the day of the sale. This strong demand indicates confidence in the railway financing sector and the government’s ability to manage its assets effectively. The Centre has decided to exercise its greenshoe option, allowing an additional 1% stake sale, which underscores the robust market conditions for government securities.