Mumbai, Dec. 17 -- Through OFS, Government of India proposes to sell up to 38,51,31,796 equity shares, representing a 2% stake, with an option to sell additional 1% stake or 19,25,65,898 equity shares in case of over subscription.

The floor price of the offer has been set at Rs 34 apiece, a 7.03% discount to the stock's closing price of Rs 36.57 recorded on Wednesday, 16 December 2025.

The Government of India held 94.61% stake in Indian Overseas Bank as of 30 September 2025.

A minimum of 25% of the offer has been reserved for mutual funds and insurance companies, while 10% has been reserved for retail investors.

The OFS opened on 17 December 2025, which is the T-day where only non-retail investors can bid for the shares. On 18 Decembe...