Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
The revised offer comprised 21.88 crore shares for non-retail investors and 2.43 crore shares for retail investors. The retail category included 1.31 crore shares under the base offer and 1.12 crore shares under the oversubscription option.
At the close of bidding on 25 June 2026, the retail portion received bids for 1,00,61,078 shares, translating into a 41.39% subscription of the revised retail offer comprising 2.43 crore shares. All retail bids were backed by 100% margin.
The non-retail portion had received bids for 21.87 crore shares on 24 June 2026, resulting in full subscription of the revised non-retail allocation. Of these, bids for 7.55 crore shares were backed by 100% margin, while bids for 14.32 crore shares were placed without margin.
The clearing price for the non-retail portion was fixed at Rs 91 per share, which also became the cut-off price for retail investors. The indicative price for the non-retail segment stood at Rs 91.10 per share.
The OFS also reserved up to 25,000 shares for eligible employees, who could apply for shares worth up to Rs 5 lakh.
IRFC is a Navratna Central Public Sector Enterprise under the Ministry of Railways and the dedicated market borrowing arm of Indian Railways. It provides financing support for railway expansion, modernization and strategic infrastructure development.
On a standalone basis, IRFC's net profit rose 0.15% to Rs 1684.31 crore while net sales rose 9.18% to Rs 7336.05 crore in Q4 March 2026 over Q4 March 2025.
Shares of IRFC fell 0.83% to settle at Rs 91.73 on the NSE today.
Shares of Kaynes Technology India are banned from F&O trading on 24 June 2026.
Stocks to Watch:
Infosys announced an expanded multi-year collaboration with GlobalFoundries (GF) to deliver AI-led managed services across GF’s enterprise IT landscape.
NLC India signed memorandum of understanding (MoU) with Indian Oil Corporation (IOCL) for formation of a joint venture (JV) for establishment of renewable energy power projects in Tamil Nadu.
Yes Bank’s board is scheduled to meet on Monday, 29 June 2026 to consider raising funds through debt or equity route.
Indian Railway Finance Corporation (IRFC)’s promoter, government of India announced offer for sale to divest upto 2% stake. The total issue size is 26.1 crore shares with a floor price of Rs 91 per share.
Honasa Consumer’s board approved the acquisition of a 58% stake in Fluence Pharma at an enterprise value of Rs 135 crore.
Rashi Peripherals signed definitive agreement to acquire 67% controlling stake in VDA Infosolutions for total consideration of Rs 369 crore.
The OFS opened for non-retail investors on 24 June 2026 and will continue for retail investors, eligible employees and non-retail investors carrying forward unallotted bids on 25 June 2026. The issue is being conducted through separate windows on the BSE and NSE.
The floor price for the OFS has been fixed at Rs 91 per share, implying a discount of 7.77% to the previous day's closing price of Rs 98.67 on the NSE.
Of the base offer size, 11.76 crore shares have been reserved for non-retail investors, while 1.31 crore shares have been earmarked for retail investors. Under the oversubscription option, an equal number of additional shares may be offered in both categories.
As of 9:45 a.m. on 24 June 2026, the base non-retail portion, comprising 11.76 crore shares, had received bids for 40,179 shares, translating into 0.03% subscription. The indicative bid price stood at Rs 91.25 per share.
The OFS also includes a reservation of up to 25,000 shares for eligible employees. Employees can bid for shares worth up to Rs 5 lakh under the offer.
GE Vernova T&D India Ltd, Indian Railway Finance Corporation Ltd, TD Power Systems Ltd and Lumax Auto Technologies Ltd are among the other losers in the BSE's 'A' group today, 24 June 2026.
Triveni Turbine Ltd crashed 6.09% to Rs 675.05 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 2.42 lakh shares were traded on the counter so far as against the average daily volumes of 93260 shares in the past one month.
GE Vernova T&D India Ltd tumbled 5.94% to Rs 5073.2. The stock was the second biggest loser in 'A' group.On the BSE, 1.02 lakh shares were traded on the counter so far as against the average daily volumes of 76097 shares in the past one month.
Indian Railway Finance Corporation Ltd lost 5.49% to Rs 93.27. The stock was the third biggest loser in 'A' group.On the BSE, 39.44 lakh shares were traded on the counter so far as against the average daily volumes of 8.99 lakh shares in the past one month.
TD Power Systems Ltd plummeted 5.33% to Rs 1281.15. The stock was the fourth biggest loser in 'A' group.On the BSE, 1.48 lakh shares were traded on the counter so far as against the average daily volumes of 1.56 lakh shares in the past one month.
Lumax Auto Technologies Ltd shed 5.30% to Rs 1513.5. The stock was the fifth biggest loser in 'A' group.On the BSE, 26273 shares were traded on the counter so far as against the average daily volumes of 15771 shares in the past one month.
The refinancing follows the transfer of 100 per cent ownership of L&TMRHL from Larsen & Toubro to the Government of Telangana through Hyderabad Metro Rail (HMRL), transforming the metro network into a strategic public mobility asset under state ownership and creating a stronger financial foundation for the phased expansion of Hyderabad's metro ecosystem.
The facility will refinance existing debt obligations, including non-convertible debentures (NCDs), commercial papers and term loans, enabling an orderly exit for existing lenders while significantly improving the project's long-term financial sustainability.