Government receives overwhelming response for Offer for Sale Stake in Bank of Maharashtra
Government of India has announced its decision to divest up to 6.0% stake in Bank of Maharashtra (BoM), comprising 5% equity and an additional 1% as a green-shoe option, at a floor price of Rs 54.0 per share. Of the total offer size, 10% has been reserved for retail investors, with the remaining allocated to non-retail participants.
New Delhi: On 1st December, 2025, the Government of India has announced its decision to divest up to 6.0% stake in Bank of Maharashtra (BoM), comprising 5% equity and an additional 1% as a green-shoe option, at a floor price of Rs 54.0 per share. Of the total offer size, 10% has been reserved for retail investors, with the remaining allocated to non-retail participants.
With the opening of bid for non-retail investors on 2nd December 2025, the Offer for Sale (OFS) received an overwhelming response. The issue was subscribed 4.07 times of the base size, which reflects strong market confidence.
With the given oversubscription, the Government has exercised the green-shoe option in full, taking the total divestment to 6.0% of BoM’s paid-up capital. This will ensure that BoM achieves the Minimum Public Shareholding (MPS) norms.
With the successful non-retail bidding, the OFS will open for retail investors and Bank of Maharashtra employees on 3rd December 2025 (Wednesday). The Government encourages eligible investors to participate in the offer and partake in the value creation of our public assets.