BSE · Corporate Action · Medium
IRFC OFS expanded: promoter-seller ups offer to 1.86% via oversubscription option
Government of India exercised oversubscription option, increasing IRFC OFS from 1% to 1.86%. Retail gets 10% reservation on June 25.
What changed
- Base OFS size increased from 1% (13,06,85,060 shares) to 1.86% (243,087,100 shares).
- Oversubscription of 112,402,040 shares (0.86%) added via option exercised by promoter-seller.
- Retail investors get 10% reservation on T+1 day (June 25).
The read
The government has decided to sell more of IRFC than originally flagged. The OFS now stands at 1.86% of equity — expanded by 86% above the base 1% after the promoter-seller exercised the oversubscription option. This adds 112,402,040 shares to the sell queue. Short-term supply pressure on the stock is a clear consequence. Retail investors have a dedicated 10% reservation on June 25, a small concession by design. The move signals confidence in the market's ability to absorb the extra stake, but the price will be the final arbiter.
Indian Railway Finance CorporationPresident of India (Ministry of Railways)243,087,100 shares
Primary source: official circular (PDF)