The President of India, acting through the Department of Financial Services, has exercised the oversubscription option for the sale of Indian Overseas Bank (IOB) equity shares. An additional 76,094,197 equity shares, representing 0.395% of the total paid-up equity share capital, will be offered. The total offer size now stands at 461,225,993 equity shares, representing 2.395% of the bank’s equity.
Government Exercises Oversubscription Option
The President of India, as the promoter of Indian Overseas Bank (IOB), has chosen to exercise the oversubscription option related to the offer for sale (OFS) of the bank’s equity shares. This decision increases the total number of shares being offered to investors.
Revised Offer Size
An additional 76,094,197 Equity Shares, constituting approximately 0.395% of the total paid-up equity share capital of the bank, are being offered. This is in addition to the initial offering of 385,131,796 Equity Shares. Consequently, the total offer size has been adjusted to include up to 461,225,993 Equity Shares.
Total Equity Offered
The cumulative equity shares offered now represent approximately 2.395% of the total paid-up equity share capital of Indian Overseas Bank.
Offer Details
The base offer size represented 2% of the total paid-up equity share capital. The offer was initiated on December 17, 2025, for non-retail investors and continued on December 18, 2025, for retail investors and employees.
Retail Category Allocation
Approximately 46,122,600 equity shares, equivalent to 10% of the total offer, were allocated for the retail category on December 18, 2025. Furthermore, 150,000 equity shares were offered to employees as part of this offering.
Source: BSE
