The Central Bank of India has opened its Offer for Sale (OFS) for subscription on May 22, 2026. The floor price for the OFS has been set at ₹48.50 per equity share. The government is selling a 5% stake in the public sector lender through this OFS. Retail investors and employees can bid at a discount of 5% on the floor price, making the effective price ₹46.07 per share.
OFS Details
The OFS consists of a base issue size of 3.5 crore shares, with an option to retain oversubscription of an additional 3.5 crore shares. The total issue size could go up to 7 crore shares, representing a 5% stake dilution. The government currently holds a 93.08% stake in the bank. Post-OFS, the government's stake will reduce to 88.08%.
Key Dates and Timelines
- Subscription Date for Non-Retail Investors: May 22, 2026 (T Day)
- Subscription Date for Retail Investors: May 23, 2026 (T+1 Day)
- Floor Price: ₹48.50 per share
- Discount for Retail Investors: 5% (Effective price: ₹46.07)
How to Bid
Investors can place their bids through the stock exchanges NSE and BSE. Non-retail investors can bid on May 22, while retail investors can bid on May 23. The minimum bid lot for retail investors is 1,000 shares. The OFS is part of the government's disinvestment plan to raise funds.
Central Bank of India Share Price
On May 21, 2026, the shares of Central Bank of India closed at ₹50.25 on NSE, down 0.5% from the previous close. The stock has been volatile in recent months, trading between ₹45 and ₹55. The OFS is expected to provide liquidity and improve the free float of the stock.
Investors should consider the bank's financial performance and valuation before bidding. As of March 2026, the bank reported a net profit of ₹1,200 crore for the quarter, with a gross NPA ratio of 4.5%.
