The offer for sale (OFS) of Central Bank of India shares began for non-retail investors, with a 0.29% increase in the bank’s stock at the start of trading. Retail investors and employees can participate in the bidding on May 25, 2026, with a floor price set at Rs 31 per equity share, offering an over 8.5% discount from the previous day’s closing price.
The government might sell additional shares based on investor demand, as per an official statement. DIPAM Secretary Arunish Chawla mentioned in a social media post that the government aims to disinvest 4% equity in the bank, with an extra 4% available as a green shoe option.
The proposed sale includes 36,20,56,051 equity shares, representing 4% of the bank’s total issued equity. If the green shoe option is exercised, the OFS could be valued at around Rs 2,455 crore, considering Thursday’s closing stock price.
A minimum of 25% of the OFS shares for non-retail investors will be allocated to mutual funds and insurance companies, subject to meeting or exceeding the floor price. Retail investors will have 10% of the shares reserved for them, while eligible employees can apply for shares up to Rs 5 lakh and also bid in the retail category within set limits.
The government clarified that employee eligibility will be determined using PAN details shared by the bank with stock exchanges a day before the OFS opens. The sale will span two trading days, with separate sessions for non-retail investors and retail investors and employees, allowing bidding from 9:15 am to 3:30 pm on both days.
