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02 Dec 2025

Bank of Maharashtra OFS Opens, Govt to Offload Up to 6% Stake

The floor price for the Bank of Maharashtra OFS has been set at ₹54 per share, reflecting a 6.34% discount from its Monday's closing price of ₹57.66 apiece on the BSE

Bank of Maharashtra OFS Opens, Govt to Offload Up to 6% Stake

Government Opens Offer for Sale of Bank of Maharashtra Shares

The Offer for Sale (OFS) of Bank of Maharashtra has opened for non-retail investors at a floor price of ₹54 per share, marking the beginning of the share sale process.

The government plans to divest its 6 per cent stake in the state-owned lender, which would translate to approximately ₹2,492 crore at the floor price.

OFS Timeline

The OFS will be open to retail investors on Wednesday, as per the prospectus of the share sale.

Key Details of the Bank of Maharashtra OFS

Floor Price: ₹54 per share, representing a 6.34% discount from the Monday's closing price of ₹57.66 apiece on the BSE.
Total Shares Offered: Over 46.14 crore shares, or 6% of the stake in the Pune-based lender, comprising 38,45,77,748 shares (5% stake) and an additional 7,69,15,549 shares (1% stake) under the green-shoe option.
Stake Dilution: The bank would be able to meet the minimum public shareholding norm of 25% as the government stake will come down below 75%.

This move aligns with the Securities Contract (Regulation) Rules issued by the Securities and Exchange Board of India, which mandate that all listed companies, including those in the public sector, must have a minimum public shareholding of 25%.