IRFC OFS opens for retail investors today — All you need to know

Shares of Indian Railway Finance Corporation (IRFC) Ltd. are in focus as its offer for sale opens for retail investors to bid on Thursday, June 25.

Non-retail investors oversubscribed to the IRFC OFS on Wednesday. They bid 1.86 times the shares allotted for the category. The Centre is now exercising the green shoe option.

How Can Retail Investors Subscribe to the IRFC OFS

Retail investors can open their trading account and go to the "corporate actions" or the "OFS" section.
Check the floor price, bid quantity, price, and other aspects mentioned before punching in your bid
Bid price should always be above the cut-off price, else the bid gets rejected.
Investors should also ensure that they have sufficient funds for bids, following which the amount for the accepted bids will be deducted and the rest will be refunded.

The IRFC OFS

The Centre is selling up to 2% stake in IRFC, including the base issue of 1% stake or 13.06 crore shares with an additional 1% stake via the greenshoe option The floor price for the issue

has been set at 91 per equity share.

At the end of the March quarter, the government held 84.65% stake in the company while retail and non-retail shareholders held 9.68% and 1.02% stake, respectively, as per data available on the stock exchanges.

The government's divestment drive continues to gain momentum as the IRFC stake sale comes after the recent OFS' in Coal India, Central Bank of India, NLC India, NHPC and General Insurance Corporation of India (GIC). The government exercised the greenshoe option in all these offer for sales it announced this year, so far, on the back of a healthy demand.

Earlier this week, sources told CNBC-TV18 that the Centre is also planning to launch an OFS in Cochin Shipyard.

The government has set a disinvestment target of 80,000 crore for the entire financial year 2027. Finance Minister Nirmala Sitharaman, in a post-Budget briefing earlier this year, said there would be a lot more divestment going forward. She said divestment of central public sector enterprises (CPSEs) would be considered seriously from thereon.

Shares of IRFC Ltd. declined 6.8% on Wednesday to close near the OFS price at 91.93 apiece. The stock has fallen 26.9% this year, so far. It is down nearly 60% from its record high of ₹229, which it had hit in 2024.

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