The Indian government plans to divest up to 2% of its equity in Indian Railway Finance Corporation (IRFC) through an offer for sale (OFS), as part of its broader disinvestment programme. DIPAM announces the sale schedule and structure, under which the base offer is 1% of IRFC equity, accompanied by an additional 1% “green shoe” option. The OFS opens for non-retail investors on Wednesday and retail investors can place bids on Thursday. Initial indications, according to DIPAM Secretary Arunish Chawla, point to an initial sale of 1% equity, with the green shoe providing flexibility to sell additional shares if demand is strong. As reported across outlets, the total disinvestment size can reach 2% of IRFC’s equity. The floor price for the OFS has not been specified in the reports. The stake sale is expected to contribute to government revenue mobilisation while increasing public shareholding in the railway-sector PSU. Reports also place the IRFC sale within a wider FY25 disinvestment effort that has raised around ₹16,480 crore through minority stake sales in multiple central public sector enterprises and banks.
Government to sell up to 2% IRFC stake via offer for sale starting Wednesday
The Indian government plans to divest up to 2% of its equity in Indian Railway Finance Corporation (IRFC) through an offer for sale (OFS), as part of its broader disinvestment programme. DIPAM announc...
- The government plans to sell up to 2% of IRFC equity through an offer for sale (OFS).
- The OFS opens for non-retail investors on Wednesday and for retail investors on Thursday.
- The sale includes a 1% base offer plus an additional 1% green shoe option if demand supports it.
- The floor price for the OFS is not mentioned in the reports.
- The OFS is part of the government’s broader disinvestment programme, which has raised about ₹16,480 crore in FY25 so far.
The divestment, which includes a 1% base offer and a 1% greenshoe option, opens for non-retail investors on Wednesday and retail investors on Thursday.
14 hours agoThe move is part of the government’s broader disinvestment programme, which has already raised ₹16,480 crore in FY25 through stake sales in multiple PSUs and banks.
15 hours agoMumbai: The government will begin its offer for sale (OFS) for Indian Railway Finance Corporation (IRFC) on Wednesday, aiming to sell up to a 2 percent stake in the railway financing company.The stake sale will open first for non-retail investors on Wednesday. Retail investors will be allowed to place bids on Thursday.The Department of Investment and Public Asset Management (DIPAM) announced the OFS through a post on X.1 percent Base Offer, 1 percent Green ShoeAccording to DIPAM Secretary Arunish Chawla, the government will initially sell 1 percent equity in IRFC.Offer for Sale for Indian Railway Finance Corporation (IRFC) opens tomorrow for Non Retail investors. Retail investors can bid on Thursday. Government offers to disinvest 1 percent equity in the IRFC along with additional 1 percent as green shoe option. pic.twitter.com/4b1mSV3OOi— Secretary, DIPAM (@SecyDIPAM) June 23, 2026 In addition, an extra 1 percent stake has been kept under the green shoe option. This gives the government flexibility to sell more shares if investor demand remains strong.Together, the total sale size can reach 2 percent of IRFC's equity.The floor price for the OFS has not been announced yet. This price is important because it will decide the minimum rate at which investors can place bids.Stock Ends LowerIRFC shares ended lower on Tuesday ahead of the stake sale announcement.The stock closed at Rs 98.69 on the BSE, down 2.16 percent from the previous session.Market participants often track OFS announcements closely, as such stake sales can temporarily affect stock prices due to higher supply in the market.Govt Plans Share Sale In LIC, Coal India, IRFC & IOB, Big FY27 Disinvestment Push Targets ₹80,000 CroreBoost to Disinvestment DriveThe IRFC OFS is part of the government's broader disinvestment programme.So far in the current financial year, the government has sold minority stakes in five central public sector enterprises and banks.These transactions have helped the government raise around Rs 16,480 crore through disinvestment so far.The latest IRFC stake sale is expected to further strengthen government revenue mobilisation while improving public shareholding in the PSU.(With PTI Inputs)
15 hours agoThe government's OFS in IRFC will open on Wednesday for non-retail investors, while retail investors will be able to place their bids on Thursday.
16 hours agoThe government's OFS in IRFC will open on Wednesday for non-retail investors, while retail investors will be able to place their bids on Thursday.
16 hours ago
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