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Indian Railway Finance Corporation (IRFC) share price fell over 4% to ₹105.29 apiece in Wednesday's trading session as the central government will divest up to 4% stake in the company via offer for sale (OFS), which opens today.

The railway stock opened at ₹105.79 in early morning session today, as compared to ₹109.44 apiece on Tuesday.

IRFC offer for sale (IRFC OFS) has opened on Wednesday for non-retail investors. Meanwhile, the IRFC OFS will open for retail investors tomorrow, Thursday, February 26.

The government has proposed to sell a 2% stake of the company, along with an additional 2% through a green shoe option. As part of the OFS, more than 26.13 crore equity shares will be divested, with a face value of ₹10, with the option to offload a further 26.13 crore shares in case of oversubscription.

The floor price has been fixed at ₹104 per share, valuing the OFS at about ₹5,436 crore for the total 4% equity sale.

Goldman Sachs Securities is acting as the sole broker, according to the filing.

The government presently owns an 86.36% stake in the company. Following the share sale, its holding will decline to 82.36%.

IRFC reported a 10.51% rise in net profit to ₹1,802 crore for the third quarter ended December 2025, compared with ₹1,631 crore in the same period last year.

The NBFC, which operates under the administrative control of the Ministry of Railways, said its total income edged lower to ₹6,719 crore in the October–December quarter from ₹6,766.39 crore a year ago, according to a regulatory filing.

Meanwhile, the Mini-Ratna company’s total expenses during the quarter under review declined to ₹4,917.04 crore, compared with ₹5,135.7 crore in the corresponding period of the previous year.

Revenue fell to ₹6,661 crore from ₹6,763 crore in the same period last year. The company attributed the slight year-on-year decline in quarterly income primarily to a one-year extension of a moratorium granted by the Ministry of Railways for a project lease agreement, which impacted revenue recognition during the quarter.

(This is a developing story)

Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.Vaamanaa covers business and stock market news. Started in 2020, she has been producing news on digital platforms for over 4.5 years now. She writes o...

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