Indian Railway Finance Corporation Proposes Offer for Sale of Nearly 243 Million Equity Shares
The Government of India, acting through the Ministry of Railways and the President of India, has proposed an offer for sale of equity shares in Indian Railway Finance Corporation Limited. The offer targets a total size of up to 243,087,100 Equity Shares, representing 1.86% of the company's total paid-up equity share capital.The proposed Offer was announced following the exercise of the Oversubscription Option. This transaction involves both the Base Offer Size and an additional allocation from the Oversubscription Option.
Key details regarding the offer include:
- Total Offer Shares: 243,087,100 Equity Shares (up to).
- Ownership Stake: The Offer constitutes up to 1.86% of the total paid-up equity share capital of Indian Railway Finance Corporation Ltd.
- Offer Timeline:
* Retail Investors and Employees: June 25, 2026 (T+1 day), including non-Retail investors carrying forward unallotted bids.
Details of Retail and Employee Allocation
The offer includes specific allotments for retail investors and employees across the two trading days. For the T+1 day, which is scheduled for June 25, 2026, a specific number of shares will be available to the Retail Category.
A total of 24,308,711 Equity Shares, which accounts for 10% of the entire Offer, are set aside for the retail category on June 25, 2026, subject to valid bids being received.
Additionally, 25,000 Equity Shares will be offered to Employees as part of this transaction.
IRFC Stock Price Movement
Indian Railway Finance Corporation Limited shares settled today, shedding 6.83% as the stock closed at ₹92.50. The equity saw substantial activity throughout the session, with over 80.62 million shares traded during the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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