Mumbai, June 24 -- The President of India, acting through the Ministry of Railways, plans to sell up to 13.07 crore equity shares, representing 1% of IRFC's paid-up equity capital, as the base offer. The government also retains an oversubscription option to sell an additional 13.07 crore shares, taking the total offer size to 26.14 crore shares, or 2% of the company's equity.

The OFS opened for non-retail investors on 24 June 2026 and will continue for retail investors, eligible employees and non-retail investors carrying forward unallotted bids on 25 June 2026. The issue is being conducted through separate windows on the BSE and NSE.

The floor price for the OFS has been fixed at Rs 91 per share, implying a discount of 7.77% to the prev...