- The government launched an offer for sale to dilute 4% stake in Indian Railway Finance Corporation
- The OFS includes a 2% base offer and a 2% green shoe option at a floor price of Rs 104 per share
- IRFC OFS opens Wednesday for non-retail and Thursday for retail investors to meet public shareholding norms
The government on Tuesday launched offer for sale for dilution of stake in Indian Railway Finance Corporation. The Centre will dilute 4% stake in IRFC through the OFS.
The OFS will consist of 2% as the base offer along with a 2% green shoe option. The floor price has been set at Rs 104 per sare, according to an exchange filing by IRFC. According to the DIPAM, IRFC OFS opens on Wednesday for non-retail investors and on Thursday for retail investors.
The OFS is a move to align the company with minimum public shareholding norms. The government holds 86.36% stake in the NBFC, under the administrative control of the Ministry of Railways. This means that the government has to dilute 11.36% stake in IRFC if it wants to meet the minimum public shareholding norm.
As per MPS norm, a listed entity must have a minimum public float of 25% within five years of listing.
IRFC Q3 Results
IRFC reported a 10.51% increase in net profit to Rs 1,802 crore for the third quarter ended December 2025. The NBFC had earned a net profit of Rs 1,631 crore in the year-ago period.
The total income of the company declined marginally to Rs 6,719 crore in the October-December period from Rs 6,766.39 crore a year ago. The total expenses of the Mini-Ratna company during the period under review declined to Rs 4,917.04 crore from Rs 5,135.7 crore in the corresponding period a year ago.
The company achieved annual sanction guidance of Rs 60,000 crore within nine months.
The announcement came after market hours. The stock settled 2.10% lower at Rs 109.44 apiece on the NSE, compared to a 1.12% decline in the benchmark Nifty 50. The shares earlier during the day fell as much as 2.45% to Rs 109.05 per share.
IRFC shares have fallen 11.36% in the last 12 months and 12.18% year-to-date.
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