Indian Overseas Bank Near 52-Week Low on Govt Stake Sale
Indian Overseas Bank
IOB
tumbled over 6% on 17 December 2025, extending losses to a fourth consecutive session, as selling pressure intensified following a government divestment announcement. The government plans to sell up to 38.51 crore equity shares (2% stake) as the base offer, with an additional 1% stake via a greenshoe option, through BSE and NSE on December 17–18. The floor price has been set at ₹34 per share, close to the stock’s 52-week low of ₹33.50. With today’s low near ₹34.15, the stock is trading at critical support levels. Continued supply overhang may keep sentiment weak in the near term.
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