IRFC.NS Stock Today: Retail OFS Opens at ₹104 Floor – February 26
IRFC share price is in focus as the government’s retail OFS opens today, February 26, with a ₹104 floor. The stock of IRFC.NS fell over 4% intraday and closed 2.19% lower ahead of the tranche, highlighting near-term pressure. The offer aims to raise about ₹5,430 crore and could lower state holding to 82.36%. With last close at ₹109.44, the floor sits near the 52-week low. We share today’s key levels, technical setup, valuation markers, and smart ways to approach the OFS.
IRFC OFS: Key details and near-term impact
The up to 4% OFS comes with a ₹104 floor, which sits just above the 52-week low. This can create a short-term supply overhang as sellers anchor to floor pricing. The government expects to raise about ₹5,430 crore if the full tranche goes through, according to Upstox. That makes floor defense key for sentiment and for the IRFC share price.
Retail investors can bid for the OFS during market hours through their brokers under the OFS window. Allotment depends on cut-off price discovery and availability. Shares fell more than 4% intraday on announcement day, reflecting this extra supply, per Equitymaster. Watching day-end cut-off and subscription mix helps gauge near-term direction.
If fully subscribed, the sale would cut the government’s stake to about 82.36% and lift free float. A larger float can improve liquidity over time, but it often pressures the IRFC share price while bids cluster near the floor. For investors, the question is whether demand absorbs supply quickly or if price revisits the ₹104 to ₹107 zone before stabilising.
IRFC share price today: levels and technicals
Momentum screens look weak. RSI is at 26.5, which is oversold. MACD is below signal, and ADX near 18.7 shows no strong trend. Such setups can produce short bounces, but sellers often cap rallies until supply clears. This means any rebound in the IRFC share price may fade near resistance unless volumes shift decisively to buyers.
Bollinger Bands place support around ₹107.11 and resistance near ₹120.28. The 50-DMA is ₹118.50 and 200-DMA is ₹125.76, both above price and acting as supply zones. ATR near ₹2.98 signals wide swings. A slip under ₹107 can test ₹104. Sustained closes above ₹120 would ease pressure and brighten the IRFC shares today outlook.
The stock closed at ₹109.44 on February 25. The 52-week range is ₹104.40 to ₹148.95. Year to date, it is down about 16.88%. That drawdown, plus the OFS, explains the cautious tone around the IRFC share price. Still, prior multi‑year gains remain sizable, so mean‑reversion interest can appear near the floor.
Valuation check: growth, ROE, and dividends
IRFC reported EPS of ₹5.36, with a P/E near 19.5. Net profit margin stands around 26.3% and ROE about 12.7%. Recent EPS growth is modest at roughly 1.4% year on year, while operating metrics improved. These are healthy for a lender tied to rail assets, but multiple expansion likely needs steadier growth and clearer visibility after the OFS.
Debt to equity is high at about 7.38, typical for a financing company. Price to book is roughly 2.41, and price to sales near 5.13. Leverage is part of the model, but investors should monitor cost of funds, spreads, and asset quality. Any change in funding costs or lease terms can influence valuation and the IRFC share price.
IRFC’s trailing dividend yield is about 1.77% with a payout ratio near 15%. The company paid ₹1.85 per share over the last year. The modest payout gives room to support growth while rewarding shareholders. For income seekers, yield support near the floor can help, but capital protection matters more during OFS-driven volatility.
How investors can approach the IRFC OFS
Expect two-way moves around the floor. Use ATR of about ₹3 to size positions and set stops. If price slips below ₹107 with rising volumes, a test of ₹104 is possible. On rebounds, watch ₹118 to ₹120 for supply. Plan trades around the OFS cut-off and avoid chasing gaps in the IRFC shares today tape.
If your thesis is intact, consider staggered entries near the floor to manage risk. Track subscription, especially non-retail demand, to judge depth of buying. With P/E at 19.5 and P/B at 2.41, value is not distressed, but the IRFC share price may settle before a trend forms. Patience and allocation discipline can improve outcomes.
Watch OFS subscription data, post-offer price action versus ₹104, and delivery volumes. Keep an eye on spreads, borrowings, and any guidance from management. The next earnings are scheduled for April 27, 2026, which can reset expectations. A strong print and steady commentary can help the IRFC share price reclaim key moving averages.
Final Thoughts
The retail OFS at a ₹104 floor adds supply right where support sits, so near-term swings are likely. Technicals are oversold, which can fuel brief rebounds, but sellers often fade rallies until the offer clears. On fundamentals, IRFC shows solid profitability and a modest dividend, though leverage and slowing EPS growth call for selectivity. For traders, respect the ₹107 to ₹120 band and size for volatility. For long-term investors, staggered buying close to the floor with clear risk limits can work. Track subscription, delivery, and the next earnings date to judge whether momentum shifts in favour of the IRFC share price.
FAQs
What is the IRFC OFS floor price and when does the retail window open?
The retail offer for sale opens today, February 26, with a floor price of ₹104 per share. Bidding happens during market hours via brokers on the exchanges. Final pricing depends on the cut-off discovered through bids and available quantity. Check your broker’s OFS window for timelines and order types.
How can the OFS impact the IRFC share price in the short term?
An OFS increases supply, often pulling price toward the floor as sellers anchor bids. This can cap rallies until demand absorbs shares. If subscription is strong and price holds above ₹104, sentiment may stabilise. Weak demand risks a retest of the ₹104 to ₹107 zone before the stock bases out.
Is it better to buy IRFC via OFS or in the open market?
It depends on pricing and allocation. If the discovered cut-off offers value and you receive allotment, OFS can be efficient. If not, waiting for post-OFS price action may help. Many investors split orders, placing a prudent OFS bid while keeping cash ready for market dips. Consider costs and risk.
What key technical levels should I track for IRFC shares today?
Watch support near ₹107 and the ₹104 floor. On the upside, ₹118 to ₹120 sits near the 50-day average and recent resistance. ATR around ₹3 implies wide daily swings. Sustained closes above ₹120 would ease pressure. A break below ₹107 raises odds of a floor retest in the short term.
How is IRFC valued and what is the dividend yield now?
IRFC trades around 19.5 times trailing earnings and about 2.41 times book value. Price to sales is near 5.13. The trailing dividend yield is roughly 1.77% with a payout ratio of about 15%. Yield provides some support, but near-term moves will hinge on OFS outcomes and demand strength.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.