Mumbai, May 22 -- The government set a floor price of Rs 31 per share for the OFS, representing a discount of about 8.6% to the previous closing price of Rs 33.91. The discount likely weighed on investor sentiment and pressured the stock.

According to BSE data, the OFS opened for non-retail investors on 22 May 2026 and will open for retail investors on 25 May 2026.

The base offer comprises 36.20 crore shares, representing around 4% equity stake in the bank, with an oversubscription option of an additional 36.20 crore shares. Including the greenshoe option, the total OFS size stands at 72.41 crore shares, equivalent to around 8% of the bank's total equity share capital.

Of the total offer, 32.58 crore shares have been reserved for non-r...