Government to sell up to 2% stake in IRFC via OFS at floor price of Rs 91

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IRFC · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-6.4%Reaction day

₹98.25

prior close

₹94.00

announcement price

After-mkt

timing

Nifty 100market+0.7%-7.1% vs market

Financial Institution peers, median of 7sector+0.2%-6.6% vs sector

On the reaction day the stock moved 7.1 pts less than Nifty 100 and 6.6 pts less than its Financial Institution peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

-0.4

15m

-0.2

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-6.4+0.7-7.1+0.2-6.6

Next day

-6.6+0.8-7.5-0.2-6.4

-7.7+0.3-8.0-0.5-7.2

-7.7+0.0-7.8-1.3-6.4

-7.2+0.6-7.9-0.0-7.2

-7.4+1.3-8.7-0.2-7.2

-8.1+2.2-10.4-0.4-7.7

15d

-10.1+0.8-10.9-3.5-6.6

-10.6-0.3-10.3-4.4-6.2

-12.5+1.9-14.3-9.5-3.0

-18.7-2.8-15.9-13.6-5.2

UpDownMarket · Nifty 100Sector · Financial Institution peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The President of India, acting through the Ministry of Railways (the promoter), proposes to sell up to 13.07 crore equity shares (1% of paid-up capital) of IRFC through an Offer for Sale on BSE and NSE on June 24, 2026 (non-Retail) and June 25, 2026 (Retail and Employees). There is an oversubscription option for an additional 13.07 crore shares (another 1%), taking the total to 2%. The floor price is set at Rs 91 per share with no retail or employee discount. Up to 25,000 shares are reserved for employees. Goldman Sachs is the sole broker. The sale is aimed at meeting the minimum public shareholding requirement under SEBI rules.

Likely market impact

Short-term supply addition from government stake sale may pressure IRFC stock. Final clearing price depends on bidding demand during the OFS window on June 24-25.