OFS

The IPO of the National Stock Exchange of India is approaching, with eligible shareholders identified for an offer-for-sale. Raising over ₹20,000 crore, it will be complex, allowing only long-term shareholders to participate by April 27, 2026, while excluding new investors.

IRFC stock rose nearly 1% on February 26 ahead of the retail portion of its offer for sale. Institutional bids accounted for 94.98% of shares. The government plans to sell over 26 crore shares, maintaining an 86.36% stake post-divestment.

Canara Bank plans to raise up to ₹5,000 crore by issuing Tier 2 bonds to enhance capital adequacy and support growth. The bond issue, compliant with Basel III, will launch on February 26, 2026, with a base size of ₹2,000 crore and an option for ₹3,000 crore.

IRFC OFS: The railway stock opened at ₹105.79 in early morning session today, as compared to ₹109.44 apiece on Tuesday, following the launch of its OFS.

The OFS for BHEL is set at a floor price of ₹254, with the government offloading a 3% stake. Analysts recommend a gradual accumulation approach, emphasizing that the stock is more suited for patient investors.

BHEL OFS: The PSU stock cracked 6% today as the two-day OFS by the promoters, i.e. the government of India, kicked off with a floor price of ₹254 — which is at a 8% discount to the last close of ₹276.10.

The government is selling a 3% stake in BHEL through an OFS starting February 11, with a floor price of ₹254 per share. The offer includes a greenshoe option, potentially raising total divestment to 5%. BHEL's recent Q3 profit rose 206% year-on-year.

Hindustan Zinc's parent, Vedanta, is looking to offload a 1.59% stake in the zinc producer to cash in on the smart surge seen in the metal stock amid the sharp silver price rally.

The Indian government is looking to sell up to 6% stake in public sector lender Bank of Maharashtra through offer for sale — this includes a 1% green shoe option. Here's what that means…