IRFC OFS Opens for Non-Retail Investors: Floor Price, Stake Sale and Key Details | PL Capital

Mumbai | 24 June 2026 

Shares of Indian Railway Finance Corporation (IRFC) declined sharply on Wednesday after the government launched an offer for sale (OFS) to sell up to 2% stake in the railway public sector undertaking. The stock was trading at ₹93.43 on the NSE, down ₹5.24 or 5.31%, as of 2:33 pm. On the BSE, the stock stood at ₹93.46, down ₹5.23 or 5.30%, as of 2:34 pm. 

OFS Structure and Floor Price 

The government has set the floor price for the stake sale at ₹91 per share. This represents a discount of 7.79% to the previous closing price on BSE. The offer comprises 1% equity along with an additional 1% as a green shoe option, taking the total potential divestment to up to 2% of IRFC. 

Over 26.13 crore shares, representing the 2% stake, have been put on offer in the two-day sale. At the floor price, the stake sale is expected to fetch over ₹2,300 crore to the exchequer. 

In a post on X, Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said, “Offer for Sale for Indian Railway Finance Corporation (IRFC) opens tomorrow for Non-Retail investors. Retail investors can bid on Thursday.” 

Bidding Schedule 

The OFS has opened for non-retail investors on Wednesday. Retail investors will be able to bid on Thursday. 

During trade, IRFC’s NSE volume stood at 5,48,50,410 shares, while BSE volume stood at 38,35,712 shares. The day’s high and low on the NSE were ₹94.75 and ₹92.92, respectively. On the BSE, the day’s high and low were ₹94.76 and ₹92.96. 

Disinvestment Proceeds So Far 

In the current fiscal, the government has sold minority stakes in five central public sector enterprises, taking total disinvestment proceeds to ₹16,480 crore so far. This includes ₹5,542 crore from Coal India, ₹4,357 crore from NHPC, ₹3,090 crore from GIC, ₹2,266 crore from Central Bank of India and ₹1,223 crore from NLC India. 

Outlook 

The IRFC OFS adds to the government’s ongoing disinvestment programme for the current fiscal. With non-retail bidding underway and retail participation opening on Thursday, the two-day sale structure and green shoe option will determine the final extent of the government’s stake reduction in the railway financier. 

Stay updated on Indian equity and commodity markets. Read more market news on PL Capital → 

Disclaimer: Investments in securities market are subject to market risks, read all the related documents carefully before investing.

This is a knowledge-sharing initiative by PL Capital. The information provided is only for educational purposes and should not be considered as financial advice & has no influence on the investment/trading decisions of any investors.

For detailed disclaimers/disclosure and Mandatory terms and conditions please visit our website https://www.plindia.com/regulatory-content/