Indian Overseas Bank OFS on Dec 17, 2025: Government Sells Up to 3% Stake at ₹34 Floor Price; Retail Bidding Opens Dec 18
India’s government launched a two-day Offer for Sale in Indian Overseas Bank on Dec. 17, offering up to 3% equity at a floor price of ₹34 per share. IOB shares fell 3–4% intraday as the discounted sale opened for non-retail investors. The government aims to raise up to ₹1,964 crore if the full 3% is sold. The Centre currently holds 94.61% in IOB.