The federal government has determined to train your complete inexperienced shoe possibility within the Hindustan Copper Ltd. supply on the market (OFS), taking the extra stake on supply to three%, after the institutional portion of the problem was oversubscribed 3.41 occasions on the primary day.
The OFS was launched on Tuesday, with the federal government providing a base dimension of three% of its stake in Hindustan Copper. A further 3% stake was out there beneath the inexperienced shoe possibility.
The robust response from institutional buyers has prompted the federal government to train the total inexperienced shoe possibility, in line with the Secretary, Division of Funding and Public Asset Administration (DIPAM).
ALSO READ: Hindustan Copper OFS May Be Last As Government Sets 60% Stake Floor: DIPAM Secretary
“Hindustan Copper Ltd. Supply for Sale (OFS) obtained an enthusiastic response from the institutional buyers and was oversubscribed 3.41 occasions on Day One. The Authorities has determined to train your complete inexperienced shoe possibility,” DIPAM Secretary mentioned in a submit on X.
Hindustan Copper Ltd. Supply for Sale (OFS) obtained an enthusiastic response from the institutional buyers and was oversubscribed 3.41 occasions on Day One. The Authorities has determined to train your complete inexperienced shoe possibility. Retail buyers and staff get to bid on Wednesday,… pic.twitter.com/672IzSEUbu
— Secretary, DIPAM (@SecyDIPAM) August 25, 2026
Retail buyers and staff will be capable to take part within the OFS on Wednesday, August 26, 2026. The federal government’s resolution to promote a further 3% stake comes at the same time as Hindustan Copper shares confronted sharp promoting strain after the OFS was launched. Buyers appeared to react negatively to the federal government’s resolution to pare its holding within the state-owned copper producer.
Hindustan Copper shares closed at Rs 531.40 on the NSE on Tuesday, down Rs 42.75, or 7.45%, from the earlier shut.
ALSO READ: Hindustan Copper Share Price Falls Nearly 6% After Govt Launches Stake Sale
The sharp decline got here regardless of robust institutional participation within the OFS. The oversubscription signifies strong demand from institutional buyers for the shares being supplied by the federal government.
With the train of the inexperienced shoe possibility, the federal government will now promote a further 3% stake past the bottom supply, topic to the relevant OFS course of.
The retail and worker parts of the supply will open for bidding on Wednesday, August 26. The OFS is a part of the federal government’s broader stake-sale programme by means of which it monetises holdings in public sector firms whereas retaining a portion of its possession.
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