Bank of Maharashtra Offer For Sale: Last Date For Bidding, 10 Key Points To Know For Retail Investors

Bank of Maharashtra's share price continues to be in focus as the last date for bidding in its offer for sale (OFS) will end on December 3, 2025. The PSU Bank stock, which is trading below Rs 60, is down by 1-2%. The government is selling stakes to the tune of 6% in the bank. As per the latest update on BSE, Bank of Maharashtra's OFS received about 339.11% subscription on Day 1.

Bank of Maharashtra Share Price:

At the time of writing, Bank of Maharashtra share price traded at Rs 56.74 apiece on BSE, down by 1.51% with market cap of Rs 43,641.88 crore. The stock is currently near its intraday low of Rs 56.50 apiece.

Bank of Maharashtra Offer For Sale: 10 Points!

1. The government is selling up to 384,577,748 equity shares, or 5%, in the bank as the base offer size. They also have the option to sell an additional 7,69,15,549 Equity Shares, representing 1% of their paid-up equity share capital. In total, the government is offloading about 6% if the oversubscription option is exercised.

2. The open offer opened on December 2nd for non-retail investors, and will continue on December 3rd for retail investors and those non-retailers who choose to carry forward their un-allotted bids from T day.

3. Retail investors are those individuals who places bids for Offer Shares of total value of not more than Rs 2 lakh across exchanges. A Retail Investor may bid at any price above the Floor Price. Any unsubscribed portion of the Retail Category,
after allotment to Retail Investors, shall be eligible for allocation to non-Retail Investors who chose to carry forward their un-allotted bids.

4. Additionally, 75,000 Equity Shares of the Bank may be offered to eligible employees of the Bank through the stock exchange mechanism. The eligible employees may apply for these shares amounting up to Rs 5 lakh.

5. The floor price is of Rs 54 per share which is currently at a discount from the current market price.

6. Companies like Ambit Capital, Equirus Securities and SBICAP Securities are the brokers on behalf of government for Bank of Maharashtra's OFS.

7. On Day 1, the OFS received bids of 1,408,465,622 equity shares, which is 339.11% of the total size offered. These were bid by non-retail investors.

8. After the stake sale, the government's shareholding could reduce to below 75% from current 79.60%. Accordingly, the bank will be able to fulfill 25% minimum shareholding requirement.

9. According to HDFC Sky report, the government is putting immense efforts to reduce its ownership in public enterprises and this disinvestment seems as a milestone in manifesting to do so. The Offer for Sale will indicate investor interest and the revenue generated for the government in forthcoming days. It also serves as a key indicator of the market's appetite for public sector banking stocks. The government desires to advance reformation in banking and finance sectors therefore it remains determined to its strategy of reducing its shareholdings in this industry.

10. BUY/SELL Bank of Maharashtra stock? The consensus recommendation from 2 analysts for Bank of Maharashtra is STRONG BUY, as per Trendlyne data. The current target price is set at Rs 69, which signals at nearly 21.5% potential upside ahead.