State-owned India Infrastructure Finance Company has received the necessary approvals to proceed with its proposed initial public offer, with the Cabinet Committee on Economic Affairs clearing its listing on stock exchanges, the company's top official has said. The approval has already been conveyed by the Department of Investment and Public Asset Management (DIPAM) to the company, IIFCL's newly appointed MD Rohit Rishi told PTI. "IIFCL (India Infrastructure Finance Company Ltd) is in the process of submitting the requisite details to the government to facilitate finalisation of the modalities, which is expected to materialise in the next financial year," he said. The Budget 2026-27 provides emphasis on disinvestment and asset monetisation. The proposed initial public offer (IPO) forms part of the government's broader disinvestment and capital market listing strategy for public sector entities. Currently, IIFCL is 100 per cent owned by the central government. Established in 2006, i