Indian Railway Finance Corporation Limited has informed the Exchange about Notice of Offer for sale
IRFC · price
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On the reaction day the stock moved 5.3 pts less than Nifty 100 and 4.1 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.
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The Government of India, acting through the Ministry of Railways, proposes to sell up to 26,13,70,120 equity shares (2% of paid-up capital) of Indian Railway Finance Corporation (IRFC) through an Offer for Sale on the stock exchanges on February 25-26, 2026, with an option to sell an additional 26,13,70,120 shares (another 2%) if oversubscribed. The floor price has been set at ₹104 per share, with no retail or employee discount, and Goldman Sachs (India) Securities is the sole broker for the offer. Up to 25,000 additional shares are reserved for eligible employees, capped at ₹5,00,000 per employee. The purpose of the OFS is to help the government achieve the minimum public shareholding (MPS) requirement prescribed under SEBI rules.
This is a government divestment OFS that increases the public float in IRFC by up to 4%, which may create short-term supply pressure on the stock but also improves liquidity and trading volumes. The relatively modest floor price of ₹104 (vs. market price) could attract retail and institutional interest, but the absence of a retail discount may limit enthusiastic participation from small investors.