The President of India, acting through the Department of Financial Services and represented by Ministry of Finance, Government of India has informed the Exchange about an announcement with respect to offer for sale through Stock Exchange Mechanism for sale upto 38,45,77,748 Equity shares of face value of INR 10/- each of Bank of Maharashtra. Date and time of the opening of the offer for Non-Retail Investors: December 02, 2025 at 9:15 a.m.; Date and time of the closing of the offer for Non-Retail Investors: December 02, 2025 at 3:30 p.m.; Date and time of the opening of the offer for Retail Investors: December 03, 2025 at 9:15 a.m.; Date and time of the closing of the offer for Retail Investors: December 03, 2025 at 3:30 p.m. The Sale shall continue to take place on a separate window of the Stock Exchanges commencing at 9:15 a.m. and shall close at 3:30 p.m. (Indian Standard Time) on the same date. The Floor Price for the Offer shall be INR 54/- (Rupees Fifty Four Only)
MAHABANK · price
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The Government of India (through the Ministry of Finance) is selling up to 38.46 crore equity shares of Bank of Maharashtra via the stock exchange OFS mechanism. The floor price has been set at INR 54 per share. Non-Retail Investors can bid on December 2, 2025, between 9:15 AM and 3:30 PM, while Retail Investors get a separate window on December 3, 2025, during the same hours. Each share has a face value of INR 10. The sale is part of the government's disinvestment program for public sector banks.
This OFS will increase the share's float and reduce government holding in Bank of Maharashtra. At the floor price of INR 54, the government could raise up to roughly INR 2,077 crore if fully subscribed. Existing shareholders may see short-term price pressure due to increased supply, though the floor price provides a pricing anchor below current market levels.