The government of India is all set to divest up to 4% stake in Indian Railway Finance Corporation (IRFC) through an offer for sale (OFS) on February 25 and February 26, 2026. The government of India is a promoter of the company. The OFS comprises sale of 26,13,70,120 equity shares of the company, representing 2% of the total equity share capital of the company, with a green shoe option to additionally sell 26,13,70,120 equity shares representing 2% of the total issued and paid-up equity share capital of the company.

The floor price for the offer is Rs 104.00 per equity share. Upon divestment of 4% stake in the company, the government will receive around Rs 5436.49 crore. The OFS has opened on February 25 for non-Retail Investors only. Retail Investors, Employees and non-Retail Investors who choose to carry forward their un-allotted bids can participate on February 26.

Indian Railway Finance Corporation (IRFC) is the dedicated market borrowing arm of the Indian Railways.