The issue, which opened for non-retail investors today, was subscribed 95% of the 2% stake accounting for 26.13 crore shares.
In a regulatory filing to the stock exchanges, the company said the promoter will not exercise the oversubscription option of 2% equity, equivalent to 26.13 crore shares, as there was an undersubscription of 1.18 crore shares as of the close of bidding on T day.
Additionally, 25,000 equity shares, amounting to 0.0002% of the total issued and paid-up equity capital have been reserved for employees as part of the offer.
IRFC shares today ended with sharp cuts, falling 4.6% to close at Rs 104.43 on the NSE.
The Government had planned to sell up to 4% stake in IRFC, setting the floor price for the issue at Rs 104 per share taking. At the floor price, the initial OFS size was up to Rs 5,436 crore.
IRFC is the dedicated funding arm of Indian Railways and the company is entrusted with mobilising funds from domestic and overseas markets to meet the pre-dominant portion of extra budgetary resources requirement of Indian Railways. It is a Navratna public sector enterprise under administrative control of Ministry of Railways.IRFC share price performance
The stock has been a big laggard, sliding 15% over a one-year period when Nifty has gained 13% in the same time. It is currently trading below its 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 consecutive quarter, 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 11% year-on-year (YoY) increase and the highest quarterly profit in the company’s history.
Net interest margins improved by over 8% YoY during the quarter, aided by value-accretive disbursements across diversified segments and disciplined liability management. Total income stood at Rs 6,719 crore for the quarter, while income for the nine-month period came in at Rs 20,009 crore.
