1 week ago
Hindustan Copper Shares Fall 6% as Government OFS Opens
Hindustan Copper’s share price fell by 6% when the government began selling some of its shares.
This sale is called an offer for sale, or OFS.
Large investors who are not regular individual investors can bid first on August 25, 2026.
Individual retail investors can bid the next day.
The government wants to sell up to 6% of Hindustan Copper.
The minimum sale price is Rs 514 per share.
Employees can also apply for a small reserved portion of shares.
Copper prices have been rising because supplies are shrinking and trade demand is changing.
Anand Rathi still believes Hindustan Copper could perform well and gave it a Rs 715 target price.
Hindustan Copper shares fell 6% as the government’s offer for sale opened for non-retail investors.
The government plans to sell up to a 6% stake in Hindustan Copper at a floor price of Rs 514 per share.
Non-retail investors can bid on August 25, 2026, while retail investors can bid on August 26.
Up to 25,000 additional shares, worth up to Rs 5 lakh per eligible employee, are reserved for employees.
Anand Rathi maintained a BUY rating with a Rs 715 target, citing strong copper-market fundamentals and Hindustan Copper’s growth prospects.
- Who
- The Government of India, Hindustan Copper, non-retail investors, retail investors and eligible employees are involved.
- What
- The government is offering up to a 6% stake in Hindustan Copper for sale, causing the company’s shares to fall 6%.
- Where
- The offer will be conducted through a separate trading window on Indian stock exchanges.
- When
- Non-retail bidding is scheduled for August 25, 2026, with retail bidding on August 26, 2026.
- Why
- The government is selling the stake through an offer for sale, while copper-market developments have recently supported Hindustan Copper’s share price.
Key facts
- Company
- Hindustan Copper Limited
- Offer size
- Up to 6% of the government’s stake
- Floor price
- Rs 514 per share
- Non-retail bidding
- August 25, 2026, from 9:15 a.m. to 3:30 p.m. Indian Standard Time
- Retail bidding
- August 26, 2026
- Employee reservation
- 25,000 additional shares, equal to 0.0026% of issued and paid-up equity capital
- Analyst view
- Anand Rathi retained a BUY rating and a Rs 715 target price
Quotes
Anand Rathi
Brokerage firm providing analysis and a recommendation on Hindustan Copper
“With several global copper miners trading at or close to their 10-year multiple peaks, the global majors i.e., First Quantum Minerals, Ivanhoe and Southern Copper stand out with sector-leading forward EV/EBITDA multiple of 14.6/13/14.4x.”
businesstoday.in
Sources
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