Government exercises over-subscription option in IOB OFS, total size rises to 2.395 percent
IOB · price
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On the reaction day the stock moved 0.3 pts less than Nifty Smallcap 250 and 0.5 pts less than its Public Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Government of India, promoter of Indian Overseas Bank, is exercising the over-subscription option in its ongoing Offer for Sale. The total OFS size rises to 46,12,25,993 equity shares (2.395% of paid-up capital) from the base 2% of 38,51,31,796 shares. The offer runs December 17-18, 2025, with 10% reserved for retail investors and a small slice for employees. This is a stake sale by the promoter through the stock exchange OFS route.
Government selling more shares than originally planned, signalling strong demand. Extra supply may pressure stock price near term, but reduces government holding in the PSU bank.