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Indian Railway Finance Corp.Ltd. OFS (Indian Railway Finance Corporation OFS Feb 2026) Detail

Indian Railway Finance Corp.Ltd. is an Offer for sale of equity shares by President of India through the stock exchange mechanism.

The OFS is conducted at a cut off price of ₹104 per share with a face value of ₹10 per share, for an aggregate of 52.27 crore equity shares, representing an overall issue size of of and an oversubscription of 26.14 crore equity shares.

Of the total shares offered , 2.61 crore equity shares are reserved for retail investor , with the balance of 23.52 crore equity shares allocated to non-retail investors.

The non-retail portion opens on Feb 25, 2026, followed by the retail portion on Feb 26, 2026. The OFS is conducted through the NSE and the BSE.

The OFS follows a price priority allocation methodology. Retail investors are eligible for allocation at the cut-off price , while non-retail investors bid above the floor price , in accordance with exchange guidelines.

Investors are advised to refer to the OFS notice Opening of OFS and exchange circulars for detailed information, including bidding process, allocation methodology, and settlement timelines.

IPO Stock Quote & Charts

OFS Details

Allocation Methodology

Price Priority
Base Issue Size

26,13,70,120 (4.00% of the total issued and paid-up Equity Share capital of the company)
Face Value

10
RS (Retail Shares)

2,61,37,012
IS (Non Retail) Shares

23,52,33,108
Seller Name

President of India

OFS Listing At

BSE, NSE
Oversubscription Option

26,13,70,120
Total Issue Size

52,27,40,240
Cut-off Price

104
Floor Price

104

Company Financials (Restated Consolidated)

Period Ended	31 Mar 2025	31 Mar 2024
Assets	4,88,834.68	4,85,082.43
Total Income	27,156.41	26,655.92
Profit After Tax	6,502.00	6,412.11
EBITDA	27,002.40	26,523.02
NET Worth	52,667.77	49,178.57
Total Borrowing	4,14,502.46	4,12,032.10
Amount in ₹ Crore

About Indian Railway Finance Corp.Ltd.

IRFC functions as the dedicated financing arm of Indian Railways. Its core business involves raising funds from domestic and international markets through various instruments such as taxable and tax-free bonds, term loans, and other financial products.

The company lends these funds primarily to Indian Railways for acquiring rolling stock assets, including locomotives, coaches, and wagons, as well as for financing railway infrastructure projects. IRFC follows a leasing model, wherein it purchases assets and leases them to Indian Railways over a fixed tenure, ensuring a steady and predictable revenue stream.

Additionally, IRFC has diversified its lending portfolio by extending financing to other entities under the Ministry of Railways, such as rail infrastructure companies and joint ventures.

OFS Broker Details

Goldman Sachs (India) Securities Pvt.Ltd.

Company Contact Information

Indian Railway Finance Corp.Ltd.
UG – Floor, East Tower, NBCC Place,
Bhisham Pitamah Marg, Lodhi Rd ,
Pragati Vihar
Delhi, 110003

011-24361480
info@irfc.co.in
Visit Website

Other Issue Detail

Additionally, 25,000 Equity Shares of the company may be offered to eligible employees through the stock exchange mechanism, in accordance with the terms and conditions provided in the OFS Guidelines, subject to approval from the competent authority (the “Employee Offer”). The eligible employees may apply for Equity Shares amounting up to Rs 500,000.

OFS FAQs

What is the opening and closing date of Indian Railway Finance Corporation OFS Feb 2026?

The Indian Railway Finance Corporation OFS Feb 2026 opens on February 25, 2026, and closes on February 26, 2026.

What is the issue size of Indian Railway Finance Corporation OFS Feb 2026?

The issue size of Indian Railway Finance Corporation OFS Feb 2026 company is issuing a total of 52,27,40,240 out of which Base issue size is 26,13,70,120 shares and Oversubscription Option is 26,13,70,120 shares.

Where can I get the Letter of Offer of Indian Railway Finance Corporation OFS Feb 2026?

The Letter of Offer for Indian Railway Finance Corporation OFS Feb 2026 can be download here. (Opening of Offer for Sale)

How to apply for Indian Railway Finance Corporation OFS Feb 2026?

The process to apply for Indian Railway Finance Corporation OFS Feb 2026:

1. Log in to your broker’s trading platform (web or mobile app).

2. Navigate to the OFS section (sometimes listed under IPO/OFS or corporate actions).

3. Select the OFS you want to apply for.

4. Enter the Number of shares you wish to buy.

5. The price you’re willing to pay per share (must be equal to or higher than the floor price or cut-off price).

Note:

Look for details about the OFS you want to participate in. This includes:

Name of the company offering shares.
Floor and Clearing Price (the minimum price set for bidding).
Offer period (dates and times when the OFS is open).

How to Check Allotment of Indian Railway Finance Corporation OFS Feb 2026?

Allotment Timeline:

T Day (Transaction Day):

Investors place bids during the OFS bidding window, which typically operates during market hours (9:15 AM to 3:30 PM IST). T+1 Day (Next Working Day):

The company or the selling shareholder, along with the stock exchange, finalizes the allocation based on bids. Shares are credited to the Demat account of successful bidders. For unsuccessful bids or partial allotment, the unutilized funds are unblocked or refunded. T+2 Day (Rare Cases):

If the process involves additional reconciliation or if there’s a delay, shares may be credited by T+2 working days.

Note:

Retail and Non-Retail Investors:

The first day of the OFS is typically reserved for non-retail investors, while retail investors participate on the second day. If you bid as a retail investor, the shares are allotted after the second day.