IRFC: Govt plans to sell 26.137 cr shares via offer-for-sale on Wednesday

Currently, promoter (Union government) hold 86.36 per cent stake. Among the public, LIC holds 1.10 per cent, small retail investors 9.51 per cent

The Union Government, through the Ministry of Railways, has announced an Offer for Sale of up to 26.137 crore shares of Indian Railway Finance Corporation Ltd, representing 2 per cent of its paid-up capital. The Centre has decided to sell an additional 2 per cent in case of over-subscription, totalling up to 4 per cent of the company’s equity. The floor price for the offer has been fixed as ₹104.

At the floor price, the Centre would raise ₹2,718.248 crore.

While the OFS opens for non-retail investors (institutional investors) on Wednesday, retail investors can bid on Thursday. Eligible employees can apply for up to 25,000 shares (₹2 lakh per employee) as part of the employee quota.

Promoter holding

Currently, promoter (Union government) hold 86.36 per cent stake. Among the public, LIC holds 1.10 per cent, small retail investors 9.51 per cent. The stake sale will also help the company to achieve the minimum public shareholding of 25 per cent.

This is the second OFS in February by the Centre. A few days back, it divested 5 per cent stake in BHEL. “The second day of Bharat Heavy Electricals Limited OFS closed with enthusiastic response from retail investors. The issue was subscribed 1.34 times. We thank all investors for their participation,” DIPAM posted in social media X-blog post. Offer for Sale in Bharat Heavy Electricals Limited (BHEL) had received an enthusiastic response and was over subscribed 2.3 times on the first day.

The stock of IRFC on Tuesday closed at ₹109.40.

Published on February 24, 2026