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

The Centre's Offer for Sale to divest up to 1% stake in IRFC was subscribed over 1.5 times by institutional investors on the first day, prompting the government to exercise the greenshoe option for an additional 1% stake. Retail investors will bid on the second day. The sale is part of the government's broader disinvestment strategy aimed at improving liquidity and meeting Sebi's minimum public shareholding norms.