The President of India, acting through the Ministry of Railways, Government of India has informed the Exchange about an announcement with respect to offer for sale through Stock Exchange Mechanism for sale upto 26,13,70,120 Equity shares of face value of INR 10/- each of Indian Railway Finance Corporation Limited. Date and time of the opening of the offer for Non-Retail Investors: February 25, 2026 at 9:15 a.m.; Date and time of the closing of the offer for Non-Retail Investors: February 25, 2026 at 3:30 p.m.; Date and time of the opening of the offer for Retail Investors: February 26, 2026 at 9:15 a.m.; Date and time of the closing of the offer for Retail Investors: February 26, 2026 at 3:30 p.m. The Sale shall continue to take place on a separate window of the Stock Exchanges commencing at 9:15 a.m. and shall close at 3:30 p.m. (Indian Standard Time) on the same date. The Floor Price for the Offer shall be INR 104/- (Rupees One Hundred and Four Only)
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 2,61,37,012 equity shares of IRFC (2% of paid-up capital) via a stock exchange OFS mechanism. There is an additional oversubscription option for an equal 2,61,37,012 shares, taking the total potential size to 4% of paid-up capital. The floor price is fixed at ₹104 per share, with no retail or employee discount offered. Non-retail investors can bid on February 25, 2026, and retail investors on February 26, 2026, between 9:15 AM and 3:30 PM. Up to 25,000 shares are reserved for eligible employees, 10% of the offer is reserved for retail investors, and 25% of non-retail portion is reserved for mutual funds and insurance companies. Goldman Sachs (India) Securities is the sole broker. The purpose of the OFS is to help IRFC comply with the mandatory minimum public shareholding of 25% under SEBI's LODR rules.
This is a government-led stake sale aimed at meeting the minimum public shareholding norm, which means more shares are hitting the market and could put short-term selling pressure on the stock. Existing shareholders will see their promoter holding reduce, but it also improves float and liquidity. Investors should watch the floor price of ₹104 as a reference, though the final clearing price depends on demand and may trade at a premium or discount to the market price.