At the floor price, the government would rake in around Rs 2,492 crore by divesting its 6 per cent stake in the state-owned lender.
The OFS will open to retail investors on Wednesday, according to the share sale prospectus.
The floor price for Bank of Maharashtra’s OFS has been set at ₹54 per share, reflecting a discount of 6.34 per cent over Monday’s closing price of ₹57.66 per share on the BSE.
The base offer includes 38,45,77,748 equity shares, representing 5 percent of the paid-up share capital of the Bank, with another 7,69,15,549 equity shares, or 1 percent stake, available under the green-shoe option, taking the total to over 46.14 crore shares, or 6 percent stake in the Pune-based lender.
The government currently holds 79.60 percent stake in the Pune-based bank.
With the stake dilution, the bank would be able to meet the minimum public shareholding standard of 25 percent as the government stake will fall below 75 percent.
This is in line with the Securities Contract (Regulation) Rules issued by the Securities and Exchange Board of India, which require all listed companies, including public sector companies, to have a minimum public shareholding of 25 percent.
Capital market regulator SEBI has extended forbearance to CPSEs and public sector financial institutions till August 2026.
Other four lenders where government share exceeds the minimum threshold for public shareholding are Indian Overseas Bank with 94.6 percent, Punjab & Sind Bank with 93.9 percent, UCO Bank with 91 percent and Central Bank of India with 89.3 percent.
Published on December 2, 2025
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