BHEL Stake Sale: Govt To Divest Up To 5% Via OFS; Floor Price Fixed

The government is set to divest up to 5% stake in Bharat Heavy Electricals Ltd. via an offer-for-sale, according to the information shared by the Department of Investment and Public Asset Management (DIPAM) on Tuesday.

The two-day OFS will open on Wednesday, with non-retail investors permitted to bid on the first day, followed by the retail investors on Thursday, DIPAM Secretary said in a social media post.

Under the base offer, the government will offer 3% equity for sale. An additional 2% stake could be offloaded by exercising the green shoe option.

Cumulatively, the government wil be selling approximately 17.41 crore equity shares, representing 5% of the total issued and paid up capital share of the company, BHEL said in an exchange filing. 

The floor price has been fixed at Rs 254 per share, which is about 8% lower as against the current market price.

Retail investors will have a minimum of 10% offer shares being reserved for them for allocation. The unsubscribed portion of the retail category will be eligible for allocation to non-retail investors, who have chosen to carry forward their unallotted bids to Thursday. 

The Government of India held 63.17% stake in BHEL, aggregating up to 219 crore fully paid-up equity shares, as per the shareholding pattern data available with BSE for the quarter ending December 2025. 

The Maharatna public sector undertaking logged a three-fold jump in its net profit to Rs 390.4 crore, whereas the revenue increased 16.4% to Rs 8,473 crore on a year-on-year basis.

Before the quarterly results were declared, BHEL's stock ended 0.46% higher at Rs 275.90 apiece on the NSE, as compared to a 0.26% rise in the benchmark Nifty 50. 

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