Under the offer, the Centre will first sell a 3% stake, with an option to sell an additional 2% if the issue is oversubscribed.
The offer opened for subscription on Wednesday for non-retail investors, while retail investors can place their bids on Thursday.
If fully subscribed at the floor price, the sale of 17.41 crore shares, or 5% stake, would fetch the government Rs 4,422 crore.
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.So far in the current fiscal year, the government has raised Rs 8,768 crore through PSU disinvestments.Sensex, Nifty today: Catch all the LIVE stock market action here
BHEL reported a sharp turnaround in its December-quarter performance, with net profit more than tripling on the back of higher execution and operating leverage. The state-owned engineering major posted a net profit of Rs 382 crore for the third quarter ended December 2025, compared with Rs 125 crore in the same period last year, marking a 206% year-on-year jump.
Revenue from operations rose 16% YoY to Rs 8,473 crore from Rs 7,277 crore a year earlier, reflecting improved project execution and a stronger order pipeline. Total income for the quarter, including other income, stood at Rs 8,700 crore, up from Rs 7,393 crore in the year-ago period.
