The President of India, acting through the Department of Financial Services, 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 38,51,31,796 Equity shares of face value of INR 10/- each of Indian Overseas Bank. Date and time of the opening of the offer for Non-Retail Investors: December 17, 2025 at 9:15 a.m.; Date and time of the closing of the offer for Non-Retail Investors: December 17, 2025 at 3:30 p.m.; Date and time of the opening of the offer for Retail Investors: December 18, 2025 at 9:15 a.m.; Date and time of the closing of the offer for Retail Investors: December 18, 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 34/- (Rupees Thirty Four Only)
IOB · price
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The Government of India, acting through the Department of Financial Services under the Ministry of Finance, plans to sell up to 38.51 crore equity shares of Indian Overseas Bank through a stock exchange window mechanism. The floor price for the OFS has been fixed at INR 34 per share, on a face value of INR 10. The sale will be conducted in two phases: non-retail investors on December 17, 2025 (9:15 AM to 3:30 PM IST), followed by retail investors on December 18, 2025 (9:15 AM to 3:30 PM IST). This is part of the government's broader disinvestment initiative in public sector banks to reduce its stake.
The OFS will increase the floating supply of IOB shares in the market, which may create short-term downward pressure on the stock price as the government offloads its holding. Retail investors get a chance to buy shares at or near the floor price of INR 34, while existing shareholders may see a gradual reduction in government ownership over time.