IRFC OFS 2026: Retail Window Open At Rs 104 As PSU Stock Hits 52-Week Low Check How To Apply & More Details
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The IRFC OFS for retail investors is now open today, February 26, giving a fresh new opportunity to buy shares of Indian Railway Finance Corporation Limited through the stock exchange mechanism. The Offer for Sale (OFS), launched by the President of India acting through the Ministry of Railways, aims to divest a 2% stake in the PSU at a floor price of Rs 104 per share, with no retail discount.
The retail bidding window will be open today from 9:15 AM to 3:30 PM, after the non-retail portion saw 94.98% subscription on February 25, with mild undersubscription in the institutional category.
IRFC OFS 2026: Key Details Investors Must Know
The IRFC OFS February 2026 involves the sale of 52.27 crore equity shares, aggregating to an overall issue size of Rs 5,436.50 crore, including a greenshoe option of 26.14 crore shares in case of oversubscription.
The floor price for the issue is set at Rs 104 with a face value of Rs 10 per share.
Of the total shares, around 14.52% are reserved for retail investors, which means nearly 3.79 crore shares (as per the exchange allocation structure). The rest of the portion is earmarked for non-retail investors. The OFS is being conducted via the stock exchange route on both the National Stock Exchange of India (NSE) and the BSE Limited (BSE).
IRFC Share Price Today
IRFC shares this morning fell to a new 52-week low; as of 10 AM today, the PSU railway stock was trading with little gains at Rs. 104.93 apiece on the NSE after rising 0.35%.
How IRFC OFS Works For Retail Investors?
Under the OFS mechanism, retail investors can bid at the cut-off price without specifying a higher bid. Non-retail investors must bid above the floor price as per exchange rules.
Allocation in the retail category happens on a proportionate basis, depending on total demand within the reserved quota.
How To Apply For IRFC OFS Today
Interested investors can apply for the IRFC OFS 2026 by following these quick steps:
Step 1: Log into your broker app (Groww, Zerodha, Angel One, etc.).
Step 2: Go to the OFS/OFS window section.
Step 3: Select IRFC and place a bid at Rs 104 or choose the cut-off option.
Step 4: Confirm the bid using your available trading balance.
Bidding requires valid PAN and DP ID details, and funds must be available in the trading account.