The OFS opened on December 2 and closes on December 3 | Photo credit: SANTOSH MISHRA
The OFS saw non-retail investors making bids that were about four times the size of the offering of 34.61 crore equity shares at an indicative price of ₹55.52 per equity share, according to the BSE website.
Referring to the OFS, the Department of Financial Services in its
₹54 per equity share
The government is seeking to sell up to 6 per cent of the total issued and paid up share capital of BoM through the OFS at a floor price of ₹54 per equity share.
The OFS opened on December 2 and closes on December 3.
The government currently owns 79.60 percent stake in the public sector bank, while the balance is 20.40 percent held by the public.
As per SEBI’s minimum public shareholding standard, listed companies must have at least 25 percent public shareholding.
Post-OFS, BoM will therefore fully comply with the market regulator’s minimum public shareholding standard.
According to the OFS details, the government will sell up to 38,45,77,748 equity shares of the BoM (representing 5 percent of the total issued and paid-up share capital of the Bank) (basic offer size) to non-retail investors on December 2, 2025 and to retail investors, employees and non-retail investors on December 3, 2025 who choose to transfer their unallocated bids from day one. day.
The OFS also has an option to additionally sell 7,69,15,549 equity shares (representing 1 percent of the total issued and paid up share capital of the Bank) (the Oversubscription Option) through a separate designated window of the BSE and the NSE.
In addition, 75,000 shares may be offered to eligible employees of the Bank through the stock exchange mechanism, in accordance with the terms of the OFS Guidelines, subject to approval by the competent authority. The eligible employees can apply for shares for an amount up to ₹5 lakh.
Published on December 2, 2025
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