Government of India offers up to 13.07 crore equity shares of IRFC via stock exchange OFS mechanism

IPO / ECM 23 Jun 2026 · Announced· ✓ Verified

IRFC, a wholly government-owned financial services PSU under Ministry of Railways, offered equity shares of face value ₹10 each through a two-tranche OFS. Non-retail investors (institutional and qualified entities) could bid on 24 Jun 2026 (9:15 a.m. to 3:30 p.m.), followed by retail investors on 25 Jun 2026 (opening 9:15 a.m.). The offer was conducted on NSE under the stock exchange OFS mechanism, enabling the government to divest a tranche of its holding without appointing merchant bankers for a traditional IPO-style process.

Why it mattersGovernment OFS via stock exchange mechanism offers a regulated path for large-scale disinvestment without underwriting agreements; material for tracking public sector stake reduction announcements and OFS precedents under SEBI guidelines.
SectorFinancial Services
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