Archive · 2 Dec 2025
Government to Sell 6% Stake in Bank of Maharashtra
The government of India wants to sell up to 6% of its shares in the Bank of Maharashtra.
This includes selling 5% of the shares and an additional 1% as a green shoe option.
The sale will help the bank meet a rule that says companies must have at least 25% of their shares owned by the public.
The government currently owns 79.60% of the bank.
The bank's stock has gone up a lot in the past few years, from around Rs 9 during COVID-19 to over Rs 57 now.
The bank is doing well, with more profit and better loan quality.
The government expects to make about Rs 2,600 crore from this sale.
The bank is important for small businesses and rural areas in India.
The offer for sale opens for non-retail investors on December 2, 2025, and for retail investors on December 3, 2025.
The floor price for the sale is Rs 54 per share, which is a bit lower than the current market price.
Government of India plans to sell up to 6% stake in Bank of Maharashtra, including a 1% green shoe option.
Non-retail bidding opens on December 2, 2025, and retail bidding on December 3, 2025.
The stake sale aims to meet the minimum public shareholding requirement of 25%.
Bank of Maharashtra's stock has surged over 54% from its 52-week low of Rs 38.11 in April 2024.
The bank's net profit increased by 23.2% year-on-year to Rs 1,633 crore in Q2FY26.
- Who
- Government of India, Bank of Maharashtra
- What
- Proposed 6% stake sale (5% + 1% green shoe option) in Bank of Maharashtra
- When
- Non-retail bidding on December 2, 2025; retail bidding on December 3, 2025
- Where
- India
- Why
- To meet the minimum public shareholding requirement of 25%
- Bank Name
- Bank of Maharashtra
- Stake to be Sold
- 6% (5% + 1% green shoe option)
- Current Government Stake
- 79.60% (as of September 2025)
- 52-Week High
- Rs 61.55 (November 19, 2025)
- 52-Week Low
- Rs 38.11 (April 2024)
- COVID-19 Low
- Rs 9 (around 2020)
- Market Capitalization (as of Monday)
- Below Rs 45,000 crore
- Net Profit (Q2FY26)
- Rs 1,633 crore (23.2% YoY increase)
- Net Interest Income (Q2FY26)
- Rs 3,248 crore (15.7% YoY increase)
- Gross NPA (Q2FY26)
- Rs 4,372 crore (1.72% of total assets)
- Major Shareholders
- LIC (7.10%), Mutual Funds (1.17%), Banks (0.57%), Retail Investors (6.83%)
- Proceeds from Stake Sale
- Approximately Rs 2,600 crore
- OFS Date
- Non-retail: December 2, 2025; Retail: December 3, 2025
- Floor Price
- Rs 54 per share (6.34% discount from Monday's closing price)
- OFS Size
- 38,45,77,748 shares (5%) + 7,69,15,549 shares (1% green shoe option)
Sources
From Rs 9 to Rs 60! Govt may offload 5% stake in this multibagger PSU bank; check targets
Bajaj Finance to sell up to 2% stake in Bajaj Housing Finance; details here
Government to divest up to 6% stake in Bank of Maharashtra; retail bidding on Dec 3
Government to divest up to 6% stake in Bank of Maharashtra, aims to garner ₹2,600 crore
Govt to Sell Up to 6% Stake in Bank of Maharashtra via OFS Starting Dec 2
To complying with SEBI’s MPS norm: Govt to sell up to 6% stake in Bank of Maharashtra via OFS
Centre to sell up to 6% stake in Bank of Maharashtra to raise Rs 2,500 crore
