In a regulatory filing with the stock exchanges, the company said the promoter will not exercise the over-subscription option of 2% equity, equivalent to 26.13 crore shares, as there was an under-subscription of 1.18 crore shares as of the close of bids on T-day.In addition, as part of the offer, 25,000 shares, representing 0.0002% of the total issued and paid-up equity, have been reserved for employees.
IRFC shares ended with sharp cuts today, falling 4.6% to close at Rs 104.43 on the NSE.
The government planned to sell up to 4% stake in IRFC, with the floor price for the issue set at Rs 104 per share take. At the floor price, the initial OFS size was up to Rs 5,436 crore.
IRFC is the dedicated financing arm of Indian Railways and the company is charged with mobilizing funds from domestic and foreign markets to meet the preponderance of Indian Railways’ additional budgetary requirements. It is a Navratna public sector undertaking under the administrative control of the Ministry of Railways. IRFC stock price performance
The stock is a major laggard and has fallen 15% in a year, while Nifty has risen 13% in the same time. It is currently trading below the 50-day and 200-day simple moving averages (SMAs) of Rs 118 and Rs 126 respectively.
IRFC reported its highest ever quarterly profit for the third quarter in a row, supported by steady loan growth and improving margins. For the quarter ended December 2025, IRFC posted a profit after tax of Rs 1,802 crore, marking an increase of 11% year-on-year (year-on-year) and the highest quarterly profit in the company’s history.
Net interest margins improved by more than 8% year-on-year during the quarter, helped by value-add payouts in diversified segments and disciplined liability management. Total income stood at Rs 6,719 crore for the quarter, while income for the nine-month period stood at Rs 20,009 crore.
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