Bank of Maharashtra Share Price in Focus; Government to Divest up to 6% Stake Through OFS

The government has announced an Offer for Sale in Bank of Maharashtra, aiming to reduce its shareholding through a two-day issue. 

Non-retail investors can participate on Tuesday, while the retail tranche opens on Wednesday. 

The proposed sale includes a base offer of 5% and an additional 1% option, with the floor price fixed at ₹54 per share.

Bank of Maharashtra Offer for Sale Details

The Centre will divest up to 6% of its equity in Bank of Maharashtra. The OFS structure includes a 5% base offer and a 1% green-shoe option, allowing the government to extend the sale if demand permits.

The floor price is set at ₹54 per share, which is below the lender’s most recent closing level of ₹57.65.

Government’s Current Holding

As of the September quarter, the government owned 79.6% of the bank’s equity. 

The planned sale is part of the ongoing effort to gradually bring down state ownership in public sector banks in line with regulatory and strategic objectives.

Share Price Performance

The bank’s shares closed at ₹57.65 in the previous trading session, marginally above the OFS floor price, reflecting steady sentiment ahead of the announcement.

Read More: Bank and Stock Market Holidays in Dec 2025: NSE and BSE to Remain Close Only on Dec 25.

Conclusion

The OFS in Bank of Maharashtra marks another step in the government’s broader disinvestment programme. Market response over the next two days will determine the extent of the stake reduction and the eventual proceeds, offering insight into investor appetite for public sector banking stocks.

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