Overwhelming Investor Response to Government’s Offer for Sale of Bank of Maharashtra Stake
Following the successful completion of non-retail bidding, the OFS will open for retail investors and Bank of Maharashtra employees on December 3, 2025
The Government of India’s Offer for Sale (OFS) of its equity stake in Bank of Maharashtra (BoM) has received a stellar response on the opening day of bidding for non-retail investors. The OFS, announced on December 1, 2025, aims to divest up to 6.0% of the government’s shareholding in the bank—comprising a base offer of 5% and an additional 1% under the green-shoe option—at a floor price of ₹54 per share.
According to the Ministry of Finance, the non-retail portion of the OFS was subscribed 4.07 times the base size by the end of bidding on December 2, signaling strong demand and market confidence in the bank’s performance and growth outlook. In view of the robust oversubscription, the government has decided to exercise the green-shoe option in full, taking the total divestment to the planned 6.0% of the paid-up capital.
This stake sale is a strategic step toward helping Bank of Maharashtra meet the Minimum Public Shareholding (MPS) norms, while also broadening the bank’s investor base.
Following the successful completion of non-retail bidding, the OFS will open for retail investors and Bank of Maharashtra employees on December 3, 2025 (Wednesday). The Government has encouraged retail participants to avail this opportunity and benefit from the long-term value creation of public sector enterprises.
