Indian Overseas Bank Share Price – NSE /  BSE

Banks, Small Cap

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 December 2025, which is T+1 day, the OFS will be accessible for retail investors, employees, and for non-retail investors those who choose to carry forward their un-allotted bids from T-day.

On Day 1 (T-day), as of 15:30 IST, the OFS received subscription for 39,95,07,082 shares. It was subscribed 115.25% on the base of non-retail offer size of 34,66,18,616 shares.

Indian Overseas Bank is engaged in the business of banking & financial services.

The bank had reported 57.80% rise in net profit to Rs 1,226.42 crore on 8.60% increase in total income to Rs 9,214.24 crore in Q2 FY26 over Q2 FY25.

Powered by Capital Market - Live News

Indian Overseas Bank dropped for a fifth straight session today. The stock is quoting at Rs 36.95, down 2.2% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.7% on the day, quoting at 26004.2. The Sensex is at 85175.61, down 0.63%.Indian Overseas Bank has lost around 7.23% in last one month.Meanwhile, Nifty PSU Bank index of which Indian Overseas Bank is a constituent, has eased around 2.19% in last one month and is currently quoting at 8381.75, down 2.67% on the day. The volume in the stock stood at 34.03 lakh shares today, compared to the daily average of 67.91 lakh shares in last one month.

The PE of the stock is 17.08 based on TTM earnings ending September 25.

Powered by Capital Market - Live News

Indian Overseas Bank announced the appointment of G. Venkataramanan as Shareholder Director with effect from 03 December 2025 for a period of three years up to 02 December 2028.

Powered by Capital Market - Live News

Indian Overseas Bank announced that Sanjaya Rastogi, Shareholder Director of the Bank has ceased to be Director of the Bank with effect from 03 December 2025 upon completion of his tenure of three years.

Powered by Capital Market - Live News