The seller has opted to sell an additional 11.24 crore shares, representing 0.86% of IRFC’s total paid-up equity share capital, over and above the base offer size of 13.07 crore shares, representing 1%.
With this, the total offer size under the OFS stands at 24.31 crore shares, representing 1.86% of the company’s total paid-up equity capital. The OFS is being conducted through the stock exchange mechanism on BSE and NSE.
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“Offer for Sale in Indian Railways Finance Corporation (IRFC) received an enthusiastic response from the investors and was oversubscribed 1.86 times on the first day. The government has decided to exercise the green shoe option. Retail investors and employees get to bid on Thursday, 25th June 2026,” said the Secretary, Department of Investment and Public Asset Management
The structure includes separate windows for non-retail investors on June 24, 2026, and for retail investors, employees and carried-forward bids on June 25, 2026. A total of 25,000 equity shares have also been reserved for employees as part of the offer structure.
In the current fiscal year, the government has sold minority stakes in five central public sector enterprises, banks and insurance companies, taking the total disinvestment proceeds to ₹16,480 crore so far.
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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.
IRFC, a Navratna Central Public Sector Enterprise (CPSE) under the Ministry of Railways, serves as the dedicated financing arm of Indian Railways and plays a key role in funding railway infrastructure projects and rolling stock acquisitions.
The proposed stake sale forms part of the government’s broader disinvestment strategy aimed at raising resources through market-based offerings in listed public sector companies.
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Recent PSU OFSs have generally attracted strong participation from both institutional and retail investors, aided by discounts to prevailing market prices. In most transactions this year, the government has exercised the greenshoe option.
Shares of Indian Railway Finance Corporation Ltd ended at ₹92.53, down by ₹6.16, or 6.24%, on the BSE.
