Promoter Announces Proposed Offer for Sale of Central Bank of India Shares
The promoter of the Central Bank of India, acting through the Department of Financial Services, Ministry of Finance, Government of India, has announced a significant proposed Offer for Sale (OFS) of the bank's equity shares through the stock exchange mechanism.The Promoter intends to sell shares to achieve the minimum public shareholding as prescribed under relevant regulations. The transaction involves the sale of multiple tranches of shares over two trading days, May 22, 2026, and May 25, 2026.
The Offer for Sale covers three main components: the Base Offer Size, the Oversubscription Option, and an Employee Offer.
Offer Structure and Share Details
The financial details of the proposed sale are outlined below:| Share Component | Total Shares (Up to) | Percentage of Total Issued Capital |
|---|---|---|
| Base Offer Size | 36,20,56,051 | 4% |
| Oversubscription Option | 36,20,56,051 | 4% |
| Employee Offer | 75,00,000 | N/A |
The Base Offer Size and the Oversubscription Option are both for Equity Shares of face value of ₹ 10 each. The total offer includes the sale of up to 75,00,000 equity shares to eligible employees.
Transaction Timeline and Participation
The Offer is scheduled to take place over two separate trading days on a designated window provided by the Stock Exchanges.Day 1: May 22, 2026 (T day)
The initial bidding period is restricted to non-Retail Investors only. The trading window is scheduled from 9:15 a.m. to 3:30 p.m. Indian Standard Time (IST). On this day, non-Retail Investors may also indicate their willingness to carry forward un-allotted bids to the subsequent day.
Day 2: May 25, 2026 (T+1 day)
The Offer continues on this day for Retail Investors, Employees, and non-Retail Investors who chose to carry forward their un-allotted bids. The trading window remains from 9:15 a.m. to 3:30 p.m. IST.
Key Allocation and Pricing Details
The sale of the shares will follow structured allocation rules, with the pricing determined by a Floor Price.Minimum Quotas Reserved:
The total Offer Shares are reserved for specific investor categories:
- Mutual Funds and Insurance Companies: A minimum of 25% of the Offer Shares.
- Retail Investors: A minimum of 10% of the Offer Shares.
Pricing:
The Floor Price for the entire Offer is set at ₹ 31 per Equity Share. For Retail Investors, the allocation mechanism allows bidding at or above a Cut-Off Price, which may result in a final allocation price below the Floor Price due to a Retail Discount.
Allocation Mechanics
The allocation methodology for the non-Retail Category prioritizes bids at or above the Floor Price. If oversubscription occurs, the Seller may choose to exercise the Oversubscription Option.For Retail Investors, while bidding, an individual investor is defined as placing bids for Offer Shares of a total value of not more than ₹ 720,000 aggregated across Stock Exchanges.
Furthermore, the Offer is being undertaken through the Seller's Broker, Goldman Sachs (India) Securities Private Limited, which will provide a separate window on the respective stock exchanges.
CENTRALBK Stock Price Movement
On Thursday, Central Bank of India shares edged higher, closing at ₹33.92 after gaining 0.27% on the day. The stock saw strong interest, settling at this level on a total traded volume of 2.54 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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