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IRFC OFS Opens Today: Govt to Divest 2% Stake, Floor Price Set at ₹104
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IRFC OFS Opens Today: Govt to Divest 2% Stake, Floor Price Set at ₹104
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CNBC TV18
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25-02-2026, 09:25
IRFC OFS Opens Today: Govt to Divest 2% Stake, Floor Price Set at ₹104
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Indian Railway Finance Corporation (IRFC) shares down 4% as government announces 2% stake divestment through Offer for Sale (OFS).
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Floor price for the OFS is fixed at ₹104 per share; non-retail investors bid on Feb 25, retail on Feb 26.
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Government of India holds 86.36% stake in IRFC; total stake sale could reach 4% with green shoe option.
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IRFC reported highest-ever quarterly net profit of ₹1,802 crore, up 10.5% year-on-year.
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Company maintains zero non-performing asset status with assets under management at ₹4.75 lakh crore.
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