Bank of Maharashtra OFS Saw 4.07x Subscription from Non-Retail Investor: Here is How Retail Investors Can Apply

On December 1, 2025, the Government of India announced its plan to divest up to 6% stake in Bank of Maharashtra (BoM). The divestment comprises 5% equity and an additional 1% under the green-shoe option, with a floor price set at ₹54 per share. Of the total offer, 10% is reserved for retail investors, while the remaining portion is allocated to non-retail participants.

On 2nd December 2025, the first day of bidding for non-retail investors, the Offer for Sale (OFS) received an overwhelming response, with subscriptions reaching 4.07 times the base size, highlighting strong investor confidence.

Due to this oversubscription, the Government has fully exercised the green-shoe option, bringing the total divestment to 6% of BoM’s paid-up capital. This divestment will also help BoM meet the Minimum Public Shareholding (MPS) norms.

OFS to Open on Dec 3 for Retail Investors

Following the success of non-retail bidding, the OFS opens for retail investors and Bank of Maharashtra employees on December 3, 2025. The Government encourages all eligible investors to participate and benefit from the growth of public sector assets.

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

How Can Retail Investors Subscribe to the Bank of Maharashtra OFS?

1. Open Your Account: Ensure you have an active trading and demat account with your broker. Navigate to the OFS or Corporate Actions section, depending on what’s available.
2. Select the Company: Choose Bank of Maharashtra from the list of companies with ongoing OFS.
3. Place Your Bid by filling required details
4. Multiple Bids Allowed: Retail investors can place multiple bids, provided sufficient funds are available in their demat accounts.
5. Handling Oversubscription: If the OFS is oversubscribed, you may receive fewer shares than requested. For instance, if you bid for 100 shares but only 50 are allotted, the remaining funds will be refunded, similar to an IPO.
6. Modify Your Bids: Retail investors can edit or modify bids during the day without any restriction on the number of times.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.