1 week ago
Hindustan Copper OFS Opens With Government Stake Sale Discount
The Government of India wants to sell some of its shares in Hindustan Copper.
It will first offer shares equal to 3% of the company.
If demand is strong, it can sell another 3%, making the sale 6% in total.
The minimum price is Rs 514 for each share.
This price is about 10.5% lower than the company’s August 25 closing price.
Large investors can bid on August 25, 2026.
Retail investors and eligible employees can bid on August 26.
The shares are expected to be settled on August 27 because August 26 is a clearing holiday.
The Government of India is offering a 3% stake in Hindustan Copper, with a green-shoe option for another 3%.
The offer’s floor price is Rs 514 per share, about 10.5% below Hindustan Copper’s August 25 closing price.
The full 6% offer comprises about 5.80 crore shares valued at approximately Rs 2,982.30 crore.
Non-retail investors can bid on August 25, 2026, while retail investors and eligible employees can bid on August 26.
At least 10% of the offer is reserved for retail investors, 25% for mutual funds and insurers, and 25,000 shares for employees.
- Who
- The Government of India, acting through the President of India and the Ministry of Mines, is selling shares in Hindustan Copper.
- What
- An offer for sale covers an initial 3% stake, with a possible additional 3% green-shoe option.
- Where
- Bidding will take place through a separate window of the stock exchanges, with the National Stock Exchange of India designated as the exchange.
- When
- Non-retail bidding is scheduled for August 25, 2026; retail and employee bidding is scheduled for August 26, with settlement on August 27.
- Why
- The government is divesting part of its stake and expects to raise approximately Rs 3,000 crore.
Key facts
- Floor price
- Rs 514 per share
- Discount
- Approximately 10.5% below Hindustan Copper’s August 25 closing price
- Initial offer
- More than 2.90 crore shares, representing 3% of issued and paid-up equity capital
- Maximum offer
- About 5.80 crore shares, representing 6% of the selling capital
- Estimated proceeds
- Approximately Rs 2,982.30 crore
- Retail reservation
- At least 10% of the offer shares
- Employee reservation
- 25,000 shares; eligible employees may apply for up to Rs 5 lakh
- Settlement date
- August 27, due to a clearing holiday on August 26
Sources
Related news
Government Offers Up to 6% Hindustan Copper Stake
Hindustan Copper Shares Fall as Government Launches 6% Stake Sale
Hindustan Copper OFS Opens Retail Bidding After Strong Demand
Government expands Hindustan Copper stake sale after strong demand
Institutional Investors Oversubscribe Hindustan Copper OFS Worth Rs 4,600 Crore
Government Raises Nearly ₹3,000 Crore Through Hindustan Copper Stake Sale
Vodafone Idea Shares Rise as Brand Revamp Draws Investor Attention
Augmont Enterprises Rises Despite Gold-Buying Appeal and Market Risks
BSE Shares Fall as New Closing Auction Session Draws Scrutiny
BSE Seeks Common Order Book to Boost Closing Auctions
Kamath Says FII Panic Selling Often Precedes Market Gains
