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

Written by: Neha DubeyUpdated on: 2 Dec 2025, 2:45 pm IST

The government will sell up to a 6% stake in Bank of Maharashtra via an Offer for Sale, starting today for non-retail investors and tomorrow for retail buyers.

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.

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.

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.

Published on: Dec 2, 2025, 9:12 AM IST

Neha Dubey

Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.

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