BSE · Corporate Action · High
Govt launches OFS for IRFC, up to 2% equity on June 24-25
President of India, through Ministry of Railways, will offload up to 2% stake in IRFC via offer for sale. Non-retail investors bid on June 24; retail, employees on June 25.
What changed
- BSE notifies OFS for IRFC: base offer 1% equity, oversubscription option for additional 1%.
- Non-retail investors can bid on June 24; retail and employees on June 25.
The read
The government is testing appetite for up to 2% of IRFC via an offer for sale, with a base tranche of 1% and an oversubscription option for another 1%. Non-retail investors get first dibs on June 24. Retail and employees can bid the next day, June 25. The floor price will likely determine demand, but for a government-backed NBFC, the offering signals a broader monetisation drive even for strategic holdings. Expect elevated volumes on those two days.
Indian Railway Finance Corporation LimitedPresident of IndiaGovernment of India
Primary source: official circular (PDF)