IRFC shares in focus as OFS opens for non-retail investors. Here’s what shareholders should know

The Centre has opened an Offer for Sale of a 1% stake (13.06 crore shares) in IRFC for non-retail investors at a floor price of Rs 91 per share, 7.5% below the previous close, with a greenshoe option for an additional 1%. The government currently holds 84.65% in IRFC as of the March quarter, and the stake sale aims to increase free float and liquidity. Separately, IRFC reported a largely flat Q4 net profit of Rs 1,684 crore against Rs 1,682 crore a year ago, while revenue rose 9% year-on-year to Rs 7,336 crore; the stock is down 21.8% year-to-date and trades about 60% below its 2024 record high of Rs 229.