Indian Railway Finance Corporation Ltd Offer for Sale Under-subscribed, No Oversubscription Option Exercised

The President of India, acting through the Ministry of Railways, Government of India, has informed BSE about the under-subscription of the Offer for Sale (OFS) of Indian Railway Finance Corporation Ltd. The OFS was for up to 26,13,70,120 Equity Shares, representing 2% of the total paid-up equity share capital of the Company. However, due to the under-subscription of 1.18,04.243 Equity Shares of the Company as on the T Day, the Promoter has decided not to exercise the Oversubscription Option. Therefore, the total Offer Size will be the Base Offer Size only, i.e., up to 1026,13,70,120 Equity Shares, representing 2% of the total paid-up equity share capital of the Company. Out of this, 3.79,41,255 Equity Shares, i.e., 14.52% of the Offer, would be available for the Retail Category on T+1 day, i.e., February 26, 2026, subject to receipt of valid bids. Additionally, 25,000 Equity Shares of the Company will be offered to the Employees as part of the Offer.