President of India, acting through and represented by the Department of Financial Services, Ministry of Finance, Government of India, is the promoter of the Indian Overseas Bank (the "Promoter" ....
IOB · price
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The Government of India, acting through the Department of Financial Services and as the promoter of Indian Overseas Bank, has announced an Offer for Sale (OFS) of equity shares through the stock exchange mechanism. The base offer size is 38,51,31,796 shares, representing 2% of the bank's paid-up equity capital. The government has exercised the oversubscription option partially, adding 7,60,94,197 shares, taking the total offer size to 46,12,25,993 shares (about 2.395% of paid-up equity capital). The offer opens on December 17, 2025 (T day) for non-retail investors and on December 18, 2025 (T+1 day) for retail investors and employees, with 10% of the offer reserved for the retail category and a small portion (10,000 shares) for employees.
This OFS will increase the floating public shareholding in Indian Overseas Bank and may create short-term supply pressure on the stock. Retail investors get a chance to subscribe on T+1 day, but the overall supply of government-held shares may weigh on the stock price around the offer dates.