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The offer opens for non-retail investors on Wednesday, while retail investors can place their bids on Thursday.
By Meghna Sen February 11, 2026, 6:58:42 AM IST (Published)
2 Min Read
Shares of Bharat Heavy Electricals Ltd. (BHEL) will be in focus on Wednesday, February 11, as the government launches an offer for sale (OFS) to divest up to a 5% stake in the company starting today.
Under the OFS, the Centre will initially sell a 3% stake, with an option to offload an additional 2% in case of oversubscription.
The floor price has been fixed at ₹254 per share, representing an 8% discount to BHEL's previous close.
The offer opens for non-retail investors on Wednesday, while retail investors can place their bids on Thursday.
On the earnings front, BHEL reported an improvement in its December quarter performance. Net profit rose to ₹390 crore from ₹134 crore a year ago, aided by a strong increase in other income.
Revenue grew 16.4% year-on-year to ₹8,473 crore.
Other income more than doubled to ₹219 crore from ₹108 crore in the same quarter last year.
EBITDA rose 79% year-on-year to ₹546 crore, while margins expanded to 6.4% from 4.2% a year ago.
In its notes to accounts, BHEL said the impact of the new labour codes, if any, will be evaluated and accounted for in line with applicable accounting standards once the rules are notified and become effective.
The government currently holds a 63.17% stake in BHEL. The divestment forms part of its plan to increase public shareholding and improve liquidity in the stock.
Shares of BHEL ended Tuesday's session 0.46% higher at ₹275.90. The stock is down over 5% so far in 2026.
