Government to sell up to 5% in BHEL at ₹254 a share via OFS

The government will sell up to 5% stake in Bharat Heavy Electricals Ltd (BHEL) via an offer for sale (OFS) beginning on Wednesday (February 11, 2026) at a floor price of ₹254 a share.

“Government offers to disinvest 3% equity in the BHEL with an additional 2% as green shoe option,” Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said on X.

The issue will open for non-retail investors on Wednesday (February 11, 2026), while retail investors will get to put in price bid on Thursday (February 12, 2026).

If fully subscribed at the floor price, sale of 17.41 crore shares, or 5% stake, would fetch the government ₹4,422 crore.

The floor price of ₹254 a share is about 8% below BHEL’s closing share price of ₹276.05 on the BSE.

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 government holds 63.17% in BHEL. Shares of BHEL closed at ₹276.05, up 0.53% over its previous close on Tuesday (February 10, 2026).

So far in the current fiscal year, the government has raised ₹8,768 crore through PSU disinvestments.