The issue was subscribed 0.95 times, or 95%, of the base 2% stake on offer, translating to bids for 26.13 crore shares. Retail investors can subscribe to the OFS today.
The government had initially proposed to divest a 2% stake in IRFC, along with a greenshoe option to sell an additional 2%. Had the greenshoe option been fully subscribed at the floor price, the divestment could have garnered over Rs 5,400 crore for the exchequer.
The floor price for the issue is set at Rs 104, the same as the last closing price on the BSE. An Offer for Sale (OFS) is a method that allows company promoters to sell their shares to institutional and retail investors through stock exchanges. In an OFS, existing shareholders (typically promoters) sell their shares directly to investors without the company issuing new shares. This differs from an Initial Public Offering (IPO), where the company issues new shares to raise capital.
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IRFC Q3 snapshot
Last month, the company reported its highest-ever quarterly profit for the third consecutive quarter, supported by steady loan growth and improving margins. For the quarter ended December 2025, IRFC posted a profit after tax of Rs 1,802 crore, marking an 11% year-on-year (YoY) increase and the highest quarterly profit in the company’s history.
Net interest margins improved by over 8% YoY during the quarter, aided by value-accretive disbursements across diversified segments and disciplined liability management. Total income stood at Rs 6,719 crore for the quarter, while income for the nine-month period came in at Rs 20,009 crore.Revenue in Q3 declined to Rs 6,661 crore, compared with Rs 6,763 crore a year ago. The company said the marginal YoY moderation in quarterly income was largely due to a one-year extension of a moratorium granted by the Ministry of Railways for a project lease agreement, which affected revenue recognition during the period.
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