The Aryavarth Express
New Delhi: The Government of India has launched an Offer for Sale (OFS) for Indian Railway Finance Corporation (IRFC) to dilute up to 4 per cent of its stake in the company. The proposed sale comprises a base offer of 2 per cent and an additional 2 per cent under a green shoe option, according to a regulatory filing.
The OFS opened on February 25 for non-retail investors, while retail investors will be able to bid on February 26. The government currently holds an 86.36 per cent stake in IRFC.
The floor price for the offer has been fixed at Rs 104 per equity share, which will serve as the minimum bid price under the OFS mechanism.
Under the base offer, the government plans to offload up to 26,13,70,120 equity shares, representing 2 per cent of IRFC’s total paid-up equity share capital. The additional 2 per cent stake may be sold depending on investor demand through the green shoe option.
In its statement, the company said the President of India, acting through the Ministry of Railways, is the promoter of IRFC and will execute the stake sale through the OFS route on the specified dates.
Additionally, up to 25,000 equity shares — approximately 0.0002 per cent of the company’s total issued and paid-up equity share capital — may be offered to eligible employees under a separate employee quota, subject to necessary approvals. Eligible employees can apply for shares worth up to Rs 5 lakh under the employee offer, in accordance with OFS guidelines.
The offer will be conducted exclusively through the seller’s brokers via a separate window provided by the stock exchanges.
The stake sale is part of the government’s broader disinvestment programme, enabling both institutional and retail investors to participate through designated bidding windows.
