Hindustan Copper OFS: Govt Sets Floor Price at Rs 514
By Business Desk
Indian government announces Offer for Sale for Hindustan Copper Ltd, setting floor price at Rs 514, a 10.38% discount from Monday’s close. Details on bidding dates and stake sale.
Hindustan Copper Ltd shares are poised for reaction following the government’s announcement of an Offer for Sale (OFS). The floor price for the OFS has been fixed at Rs 514 per share, marking a 10.38% discount from Monday’s closing price.
- OFS Floor Price: Rs 514 per share
- Discount to Monday’s Close: 10.38%
- Monday’s Closing Price (BSE): Rs 573.55
The government plans to offload an initial 3% stake in Hindustan Copper, with an option to sell an additional 3% if oversubscribed. This brings the total potential divestment to 6% of the company’s equity capital.
OFS Timeline and Divestment Context
The Offer for Sale is structured as a two-day event. Non-retail investors can place their bids on Tuesday, August 25, 2026, while retail investors will participate on Wednesday, August 26, 2026.
- Current OFS: 9th government OFS in FY27
- Total FY27 Divestment Proceeds: Rs 52,716.02 crore
- Includes: LIC, Cochin Shipyard, IRFC, GIC RE, Coal India Ltd
Employee Share Offer and Bid Mechanics
Hindustan Copper will also extend an offer of 25,000 additional shares to eligible employees, representing 0.0026% of the total equity. Employees can apply for shares up to a value of Rs 5,00,000.
Non-retail investors who bid on the initial day have the option to carry forward any unallotted bids. These can then be allocated from the unsubscribed portion of the retail category on the second day.