Hindustan Copper OFS: Retail Bidding Opens, Stake Sale Doubles to 6%
By Business Desk
Hindustan Copper’s OFS retail portion opens with the government doubling the stake sale to 6% following strong non-retail investor demand. Floor price at ₹514.
Hindustan Copper Ltd.’s Offer For Sale (OFS) retail portion opened for bidding on Wednesday, August 26, 2026. This move followed a strong response from non-retail investors earlier on Tuesday.
Due to high demand, the government decided to fully use its green shoe option. This option allows sellers to offer more shares than initially planned, increasing the potential stake sale from a base offer of 3% to 6%.
Key Numbers from the OFS
- Floor price for shares: ₹514 per share
- Non-retail portion subscription: 3.41 times
- Bids received from non-retail investors: 8.91 crore shares
- Shares offered to non-retail investors: 2.61 crore shares
Retail investors, defined as those with an authorized share capital up to ₹2 lakh, can place their bids. They must bid at or above the floor price of ₹514 per share.
Hindustan Copper is India’s only listed pure-play copper company. It controls about 45% of the country’s copper ore reserves, making it a key player in the sector.
Company Performance & Context
This Offer For Sale is part of the government’s ongoing disinvestment program. The company’s shares closed 7.45% lower at ₹531.40 on Tuesday, but have shown strong growth, gaining over 10% in the past month.