Hindustan Copper Eyes ₹500 Cr Funding Via NCDs & QIP

State-run Hindustan Copper is set to deliberate on significant fund-raising initiatives at a board meeting scheduled for September 23, 2026. The company plans to raise capital through non-convertible debentures (NCDs) and a qualified institutional placement (QIP).

This move comes after the government’s successful offer for sale (OFS) in Hindustan Copper, which concluded on August 26, raising nearly ₹3,000 crore. The board will consider raising up to ₹500 crore via NCDs and other debt instruments.

Proposed Capital Initiatives

• The company will consider a QIP or other permitted methods for capital raise.
• This could involve up to 9.7 crore equity shares or securities convertible into equity shares.

The recent government OFS included a 3% greenshoe option, successfully selling over 5.8 crore shares, representing a 6% stake. The floor price for this OFS was set at ₹514 per share, a 10.38% discount to the preceding Monday’s closing price.

Stock Performance Overview

• Hindustan Copper shares closed 3.55% lower at ₹536.30 apiece on Thursday, August 27, 2026.
• Despite a weekly decline, the stock recorded an 11.63% gain over the last month.
• The company demonstrated a remarkable 132.93% return over the past year, reflecting a strong rally in the copper sector.

The proposed fund-raising strategy aims to bolster the company’s financial position amidst its recent market performance and sector tailwinds.