Govt OFS for 38.51 crore IOB shares at floor price Rs 34, opens Dec 17

Capital Market Events View source PDF Explain this filing

IOB · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-6.4%Reaction day

₹36.55

prior close

₹35.80

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.7%-5.7% vs market

Public Sector Bank peers, median of 11sector+0.4%-6.8% vs sector

On the reaction day the stock moved 5.7 pts less than Nifty Smallcap 250 and 6.8 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.8

10m

-0.7

15m

-0.6

30m

-1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-6.4-0.7-5.7+0.4-6.8

Next day

-6.8-0.8-6.0+0.8-7.6

-6.9+0.5-7.4+1.6-8.5

-6.8+1.5-8.3+2.1-8.9

-7.2+1.9-9.0+1.6-8.8

-7.1+1.9-9.1+0.9-8.1

-7.4+1.2-8.6+1.3-8.7

15d

-2.9+1.0-3.9+4.8-7.7

-3.1-1.9-1.2+8.9-12.0

-1.9-1.4-0.5+7.5-9.4

-12.2-8.8-3.4+0.4-12.5

UpDownMarket · Nifty Smallcap 250Sector · Public Sector Bank peers, median of 11Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The Government of India, through the Department of Financial Services, is selling up to 38.51 crore equity shares (about 2 percent stake) of Indian Overseas Bank via a stock exchange Offer for Sale, with an option to sell an extra 19.26 crore shares (1 percent oversubscription). Floor price is Rs 34 per share. Non-Retail Investors can bid on December 17, 2025; Retail Investors and Employees on December 18, 2025. Aim is to meet minimum public shareholding rules. Goldman Sachs is the seller broker. No retail or employee discount.

Likely market impact

Government is divesting stake to meet minimum public shareholding norms. Larger float can weigh on the stock near term, but retail buyers can participate at the Rs 34 floor price.