**Executive Summary**
The Government of India announced on December 1, 2025, its decision to divest up to a 6.0% stake in the Bank of Maharashtra (BoM) through an Offer for Sale (OFS). Non-retail investors bidding opened on December 2, 2025. The OFS will open for retail investors and BoM employees on December 3, 2025.
**Key Points / Main Content**
* **Government Divestment:**
* The Government of India will divest up to 6.0% stake in BoM.
* The stake comprises 5% equity and an additional 1% as a green-shoe option.
* The floor price is ₹54.0 per share.
* **Offer Allocation:**
* 10% of the total offer size is reserved for retail investors.
* The remaining portion is allocated to non-retail participants.
* **Non-Retail Investor Response:**
* The OFS was subscribed 4.07 times of the base size on December 2, 2025.
* Due to oversubscription, the government exercised the green-shoe option.
* **Minimum Public Shareholding (MPS):**
* The divestment will ensure that BoM achieves the Minimum Public Shareholding (MPS) norms.
* **Retail Investor Opportunity:**
* The OFS will open for retail investors and BoM employees on December 3, 2025.
**Impact Analysis**
**Bank of Maharashtra (BoM):**
* **Impact:** BoM will achieve MPS norms.
* **Action Required:** None explicitly stated.
**Retail Investors and Bank of Maharashtra employees:**
* **Impact:** Opportunity to participate in the offer and value creation.
* **Action Required:** Participate in the bidding process on December 3, 2025.
**Non-Retail Investors:**
* **Impact:** Already participated in the bidding process on December 2, 2025.
* **Action Required:** No action required as bidding is closed.
Key Entities Referenced
Bank of Maharashtra (BoM): Public sector bank whose shares are being divested.
Offer for Sale (OFS): The mechanism used to divest Government stake in BoM.
Ministry of Finance: The ministry under whose authority the divestment is occurring.
Minimum Public Shareholding (MPS) norms: Regulations mandating a minimum percentage of public ownership in listed companies.
DIPAM: Department of Investment and Public Asset Management, likely involved in the divestment process.
Ministry of Finance
Overwhelming response for Offer for Sale of GoI
Stake in Bank of Maharashtra
प्रव तथ: 02 DEC 2025 6:20PM by PIB Delhi
The Government of India on 1st December 2025 announced its decision to divest up to 6.0% stake in
Bank of Maharashtra (BoM), comprising 5% equity and an additional 1% as a green-shoe option, at a
floor price of ₹54.0 per share. Of the total offer size, 10% has been reserved for retail investors, with the
remaining allocated to non-retail participants.
On 2nd December 2025, the opening day of bidding for non-retail investors, the Offer for Sale (OFS)
received an overwhelming response. The issue was subscribed 4.07 times of the base size, reflecting
strong market confidence. Given the oversubscription, the Government has exercised the green-shoe
option in full, taking the total divestment to 6.0% of BoM’s paid-up capital. This will ensure that BoM
achieves the Minimum Public Shareholding (MPS) norms.
Following today’s successful non-retail bidding, the OFS will open for retail investors and Bank of
Maharashtra employees on 3rd December 2025 (Wednesday). The Government encourages eligible
investors to participate in the offer and partake in the value creation of our public assets.
Offer for Sale in Bank of Maharashtra received overwhelming response in the
markets today. The issue was subscribed 400 percent of the base size.
Government has decided to exercise the green shoe option. Retail investors get
to bid tomorrow on 3rd December 2025.
Congratulations… pic.twitter.com/rO8t0Vzn0q
— Secretary, DIPAM (@SecyDIPAM) December 2, 2025
Congratulations to Bank of Maharashtra on an exceptional market response. The
Offer for Sale of a 5 percent Government stake, along with a 1 percent green
shoe option, received an impressive 407 percent bids in the non-retail segment,
reflecting strong investor confidence in the…
— DFS (@DFS_India) December 2, 2025
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NB/KMN
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