Bank of Maharashtra OFS Opens Today: Floor Price, Size, Key Details You Need to Know

Bank of Maharashtra shares traded flat on Tuesday as the government launched its offer for sale (OFS) to reduce its stake in the PSU lender. The divestment plan involves selling up to 6% of the bank’s equity through the OFS route.

At the current market price, the stake sale is expected to fetch more than ₹2,600 crore for the government. The move will help the bank meet minimum public shareholding norms set by SEBI.

OFS Structure and Timeline

The OFS opened for non-retail investors on Tuesday, December 2, 2025, and will be available for retail investors on Wednesday, December 3, 2025. The base offer comprises 38.45 crore shares, representing 5% of the bank’s equity capital.

An additional 7.69 crore shares, or 1% stake, are available under the green-shoe option, taking the total to over 46.14 crore shares. This represents 6% of the PSU bank’s stake.

Floor Price and Valuation

The floor price for the OFS has been set at ₹54 per share, which is at a discount of 6.34% from Monday’s closing price of ₹57.66 on the BSE. At this price, the government could raise more than ₹2,600 crore from the stake sale.

Promoter Holding and Compliance

The government currently holds a 79.60% stake in Bank of Maharashtra. Post-OFS, the stake will fall below 75%, enabling the bank to comply with SEBI’s minimum public shareholding requirement of 25%. SEBI has mandated all listed companies, including PSUs, to meet this norm by August 2026, with temporary forbearance granted to CPSEs and public sector financial institutions.

Bank of Maharashtra Share Price Performance

On December 02, 2025, Bank of Maharashtra share price opened at ₹56.39, compared to the previous close of ₹57.65. During the session, as of 12:12 PM IST, the stock had touched a high of ₹58.80 and a low of ₹56.10, and was trading at ₹57.68, up by 0.05%. The stock recorded a traded volume of 551.22 lakh shares and a traded value of ₹317.78 crore on the NSE. The market capitalisation stood at ₹44,357.20 crore.

Over the past 52 weeks, Bank of Maharashtra has hit a high of ₹61.56 and a low of ₹42.00. The stock is currently trading at a P/E ratio of 7.62.

Read More: Bank of Maharashtra Share Price in Focus.

Conclusion

The government’s decision to divest up to 6% stake in Bank of Maharashtra marks a significant step toward meeting regulatory norms. The OFS is expected to raise substantial funds while improving the bank’s public float.

Investor response will determine the success of the sale, with attention on pricing and demand dynamics. The move aligns with broader efforts to enhance transparency and liquidity in PSU stocks.

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