When can retail investors bid for Bank of Maharashtra shares?

Retail investors can bid for Bank of Maharashtra shares on December 3, 2025.

Why is the government selling shares in Bank of Maharashtra?

The government is selling shares to meet the minimum public shareholding norm set by SEBI.

How much did the Bank of Maharashtra OFS get subscribed?

The Bank of Maharashtra OFS was subscribed 400% of its base size on the first day.

Home / Business and Economy / Govt Sells 6% BoM Stake After Huge Investor Demand

Govt Sells 6% BoM Stake After Huge Investor Demand

2 Dec

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Summary

Government exercised green shoe option for Bank of Maharashtra stake sale.
Offer for Sale subscribed 400% of the base size by investors.
Retail investors can bid on December 3, 2025, for remaining shares.

Govt Sells 6% BoM Stake After Huge Investor Demand

The government announced its decision to exercise the green shoe option for the Bank of Maharashtra (BoM) stake sale, following an exceptionally strong response from investors on the opening day of the Offer for Sale (OFS). The issue was subscribed a remarkable 400% of its base size, prompting the exercise of the additional 1% stake.

This oversubscription means the government will divest a total of 6% stake in the Pune-based lender. The floor price was set at Rs 54 per share. Retail investors are scheduled to place their bids on December 3, 2025. The Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla praised the bank's financial performance.

The stake sale, which includes the green shoe option, is projected to raise approximately Rs 2,492 crore. This divestment is crucial for Bank of Maharashtra to comply with the Securities and Exchange Board of India's (SEBI) minimum public shareholding requirement of 25%, bringing the government's stake below 75%.