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What is the story about?
The Offer for Sale (OFS) in state-owned Bharat Heavy Electricals Ltd (BHEL) was subscribed 2.3 times on the first day on Wednesday (February 11). Against 9.4 crore shares on offer, bids were received for more than 22 crore shares.
Institutional investors placed bids worth over ₹5,650 crore, pushing the issue to more than two times subscription on Day 1. Following the response, the government decided to exercise the green shoe option and has put the entire 5% stake on the block.
Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said the OFS received strong participation and was over-subscribed 2.3 times on the first day. Retail investors and employees will be able to bid on February 12, 2026.
Also Read: BHEL shares drop 6% as OFS opens for subscription today
The government will mobilise ₹4,422 crore through the stake sale at a floor price of ₹254 per share by divesting 5% of its holding in BHEL.
The government is disinvesting 3% equity in BHEL with an additional 2% as a green-shoe option at a floor price of Rs 254 in the two-day offer for sale. Retail investors will be able to place a price bid on Thursday.
The base issue size comprises over 10.44 crore shares, or 3% stake, in BHEL, plus a greenshoe option to sell over 6.96 crore shares or 2%. The sale of a total of 17.41 crore shares, or 5% stake, would fetch the government Rs 4,422 crore. The government holds 63.17% in BHEL.
Also Read: BHEL secures ₹2,800 crore syngas project from Coal India joint venture
Shares of Bharat Heavy Electricals Ltd ended at ₹260.65, down by ₹15.40, or 5.58%, on the BSE.
Institutional investors placed bids worth over ₹5,650 crore, pushing the issue to more than two times subscription on Day 1. Following the response, the government decided to exercise the green shoe option and has put the entire 5% stake on the block.
Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said the OFS received strong participation and was over-subscribed 2.3 times on the first day. Retail investors and employees will be able to bid on February 12, 2026.
Also Read: BHEL shares drop 6% as OFS opens for subscription today
The government will mobilise ₹4,422 crore through the stake sale at a floor price of ₹254 per share by divesting 5% of its holding in BHEL.
The government is disinvesting 3% equity in BHEL with an additional 2% as a green-shoe option at a floor price of Rs 254 in the two-day offer for sale. Retail investors will be able to place a price bid on Thursday.
The base issue size comprises over 10.44 crore shares, or 3% stake, in BHEL, plus a greenshoe option to sell over 6.96 crore shares or 2%. The sale of a total of 17.41 crore shares, or 5% stake, would fetch the government Rs 4,422 crore. The government holds 63.17% in BHEL.
Also Read: BHEL secures ₹2,800 crore syngas project from Coal India joint venture
Shares of Bharat Heavy Electricals Ltd ended at ₹260.65, down by ₹15.40, or 5.58%, on the BSE.
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