Bank of Maharashtra OFS Opens Today: Floor Price, Offer Size, and Key Details
Bank of Maharashtra’s OFS opens today with a floor price of ₹54 as the government plans to divest up to 6% stake. Check OFS dates, size, promoter holdings, and share price performance.
Bank of Maharashtra shares trade steady as the government opens a two-day OFS to divest up to 6% stake in the PSU bank.
The Bank of Maharashtra opened its two-day Offer for Sale (OFS) on Tuesday, with the government set to divest up to 6% stake in the public sector lender. The move comes as part of efforts to bring down promoter shareholding and meet SEBI’s minimum public shareholding norms.
The stock traded flat in early session today, even as the divestment process began. At 10:10 AM, Bank of Maharashtra shares were down 0.47% at ₹57.39 on the BSE.
The government is expected to raise over ₹2,600 crore from the stake sale at current market prices.
DIPAM Secretary Arunish Chawla announced on X that the OFS opens today for non-retail investors, while retail investors can participate on Wednesday. The government is offering 5% equity, with an additional 1% green-shoe option.
Key Details of Bank of Maharashtra OFS
OFS Dates
December 2, 2025: Opens for non-retail investors
December 3, 2025: Opens for retail investors
OFS Size
Base Offer: 38.45 crore shares (5% of total equity)
Green-Shoe Option: 7.69 crore shares (1%)
Total: Over 46.14 crore shares, representing 6% stake
Floor Price
₹54 per share, a 6.34% discount to Monday’s closing price of ₹57.66.
Promoter Holding
The government currently holds 79.60% in the bank.
Post-OFS, the stake will fall below 75%, enabling the bank to comply with SEBI’s mandate of 25% minimum public shareholding.
SEBI has allowed CPSEs and public sector financial institutions time until August 2026 to meet the requirement.
Other PSU banks where government holding remains significantly above the threshold include:
- Indian Overseas Bank: 94.6%
- Punjab & Sind Bank: 93.9%
- UCO Bank: 91%
- Central Bank of India: 89.3%
Bank of Maharashtra Share Price Performance
Despite short-term volatility, Bank of Maharashtra has displayed strong long-term returns:
- 1 month: –3%
- 3 months: +9%
- YTD: +8.5%
- 2 years: +28%
- 5 years: +353% multibagger
