Offer For Sale | ₹4,422.22 Cr. | Listing at BSE, NSE
Bharat Heavy Electricals Ltd. is an Offer for sale of equity shares by President of India through the stock exchange mechanism.
The OFS is conducted at a floor price of ₹254 per share and cut-off price of ₹[.] per share, with a face value of ₹2 per share, for an aggregate of 17.41 crore equity shares, representing an overall issue size of of and an oversubscription of 6.96 crore equity shares.
Of the total shares offered, 1.74 crore equity shares are reserved for retail investor, with the balance of 15.67 crore equity shares allocated to non-retail investors.
The non-retail portion opens on Feb 11, 2026, followed by the retail portion on Feb 12, 2026. The OFS is conducted through the NSE and the BSE.
The OFS follows a price priority allocation methodology. Retail investors are eligible for allocation at the cut-off price, while non-retail investors bid above the floor price, in accordance with exchange guidelines.
Investors are advised to refer to the OFS notice Opening of OFS and exchange circulars for detailed information, including bidding process, allocation methodology, and settlement timelines.
Retail Date
Thu, Feb 12, 2026
Non-Retail Date
Wed, Feb 11, 2026
Cut-off Price
[.]
Listing At
BSE, NSE
| Period Ended | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|
| Assets | 68,083.18 | 59,001.92 |
| Total Income | 28,804.79 | 24,439.05 |
| Profit After Tax | 533.90 | 282.22 |
| Amount in ₹ Crore | ||
Incorporated in 1964, Bharat Heavy Electricals Limited (BHEL) is a government-owned engineering and manufacturing enterprise operating across the energy and infrastructure sectors. The company is one of India’s largest manufacturers of power generation equipment and has played a significant role in developing the country’s installed power capacity.
BHEL’s product and service portfolio covers power – thermal, hydro, gas, nuclear and solar PV – along with transmission systems. The company has diversified operations spanning transportation, defence & aerospace, oil & gas, and emerging segments such as Battery Energy Storage Systems (BESS) and EV charging infrastructure.
The company operates an integrated manufacturing network supported by in-house design, engineering and R&D capabilities. It allocates a portion of its annual turnover towards research and technology development, focusing on indigenization, efficiency improvement, and new energy solutions.
In addition to its industrial operations, BHEL undertakes corporate social responsibility initiatives in areas such as education, healthcare, skill development, sanitation, and environmental sustainability, aligned with national development priorities.
Bharat Heavy Electricals Ltd.
BHEL House,
Siri Fort,
New Delhi, 110049
87,05,158 Equity Shares (equivalent to 0.25% of the total issued and paid up equity share capital of the Company), reserved and intimated to the Stock Exchanges on T-1 day by the Company may be offered to the eligible employees whose PAN details the Company has shared on T-1 day, in terms of the OFS Guidelines, subject to approval from the competent authority.
The Bharat Heavy Electricals OFS 2026 opens on February 11, 2026, and closes on February 12, 2026.
The issue size of Bharat Heavy Electricals OFS 2026 company is issuing a total of 17,41,03,168 out of which Base issue size is 10,44,61,901 shares and Oversubscription Option is 6,96,41,267 shares.
The Letter of Offer for Bharat Heavy Electricals OFS 2026 can be download here. (Opening of Offer for Sale)
The process to apply for Bharat Heavy Electricals OFS 2026:
1. Log in to your broker’s trading platform (web or mobile app).
2. Navigate to the OFS section (sometimes listed under IPO/OFS or corporate actions).
3. Select the OFS you want to apply for.
4. Enter the Number of shares you wish to buy.
5. The price you’re willing to pay per share (must be equal to or higher than the floor price or cut-off price).
Note:
Look for details about the OFS you want to participate in. This includes:
Allotment Timeline:
T Day (Transaction Day):Investors place bids during the OFS bidding window, which typically operates during market hours (9:15 AM to 3:30 PM IST). T+1 Day (Next Working Day):
The company or the selling shareholder, along with the stock exchange, finalizes the allocation based on bids. Shares are credited to the Demat account of successful bidders. For unsuccessful bids or partial allotment, the unutilized funds are unblocked or refunded. T+2 Day (Rare Cases):
If the process involves additional reconciliation or if there’s a delay, shares may be credited by T+2 working days.
Note:
Retail and Non-Retail Investors:The first day of the OFS is typically reserved for non-retail investors, while retail investors participate on the second day. If you bid as a retail investor, the shares are allotted after the second day.
