The retail response follows robust demand from non-retail buyers on Tuesday. The difficulty was oversubscribed 3.41 occasions on Day One, following which the federal government determined to train the complete greenshoe possibility, taking the full stake on provide to six% from the bottom provide of three%.
Right here’s how retail buyers can bid within the Hindustan Copper OFS:
– Open your buying and selling account and navigate to the OFS or Company Motion part.
– Choose Hindustan Copper’s OFS and test the ground worth, bid amount and different particulars.
– Enter the amount and bid worth. Buyers can bid on the flooring worth or increased. A bid beneath the ground worth can be rejected.
– Be certain that adequate funds can be found within the buying and selling account. The quantity similar to accepted bids can be blocked till the allotment course of is accomplished.
Retail buyers are those that have an authorised share capital of as much as ₹2 lakh.
As per Hindustan Copper’s June quarter shareholding sample, the corporate had 12.78 lakh retail shareholders, who collectively held a 17.79% stake.
The Hindustan Copper OFS obtained robust demand from institutional buyers on the primary day, with the difficulty subscribed 3.41 occasions.
The federal government obtained bids for 8.91 crore shares in opposition to 2.61 crore shares supplied within the base situation, in line with change knowledge. The shares have been supplied at a flooring worth of ₹514 apiece.
Following the robust response, the federal government will train the complete inexperienced shoe possibility. The Centre had initially supplied to promote a 3% stake in Hindustan Copper, with an choice to promote an extra 3% in case of oversubscription.The bottom provide includes 2.61 crore shares. With the inexperienced shoe possibility, the full stake sale might improve to six% of Hindustan Copper’s fairness.
The retail portion of the OFS will open on Wednesday, August 26, whereas 10% of the bottom situation has been reserved for retail buyers. An extra 25,000 shares have been reserved for eligible workers.
Why Hindustan Copper stands out
Hindustan Copper is India’s solely listed pure-play copper firm and has entry to round 45% of the nation’s copper ore reserves and assets.
The OFS is a part of the federal government’s disinvestment programme. Hindustan Copper is a state-run copper producer beneath the Ministry of Mines.
Hindustan Copper shares surged 4.38% and had been buying and selling at ₹556 on Wednesday. The inventory has gained greater than 15% over the previous month and 140% over the past 12 months.
First Printed: Aug 26, 2026 7:05 AM IST
