The Government of India has officially exercised the oversubscription option for the Central Bank of India’s offer for sale. This decision increases the total offer size to 72,41,12,102 equity shares, representing 8% of the bank’s total paid-up equity share capital. The retail portion accounts for 10% of the total offer, with an additional 75,00,000 shares specifically allocated for bank employees.
Expansion of the Offer for Sale
Following the initial notice dated May 21, 2026, the President of India, acting through the Department of Financial Services, has decided to exercise the oversubscription option. This move effectively doubles the total number of shares being offered, moving from the base size of 4% to a cumulative 8% of the bank’s total paid-up equity share capital.
Breakdown of Share Allocation
The revised total offer size of 72,41,12,102 equity shares is strategically distributed to ensure broad participation. Key highlights of the allocation include:
- Retail Category: 10% of the total offer, equivalent to 7,24,11,212 shares, will be available for subscription on May 25, 2026.
- Employee Quota: A dedicated portion of 75,00,000 shares, representing approximately 0.1% of the bank’s total issued and paid-up capital, is reserved for employees.
Timeline and Participation
The offer for non-retail investors commenced on May 22, 2026. Eligible participants, including retail investors and employees, are scheduled to participate on May 25, 2026. Non-retail investors who placed bids on the initial day have the opportunity to carry forward their un-allotted bids to the subsequent round. This divestment process is being conducted through the dedicated stock exchange windows.
Source: BSE
