Hindustan Copper Ltd. shares are poised for significant market attention following the government's announcement of an Offer For Sale (OFS). The government has set a floor price of Rs 514 per share for the proposed sale, which represents a substantial 10.38% discount compared to Monday's closing price of Rs 573.55 on the BSE.
Government to Divest Up to 6% Stake
Under the terms of the OFS, the government initially plans to sell 2,90,10,72 shares, constituting a 3% stake in Hindustan Copper. There is also an option to retain oversubscription of an additional 3%, potentially bringing the total divestment to 6% of the company's total issued and paid-up equity share capital.
This will mark the ninth OFS undertaken by the government in the current fiscal year (FY27). Previous divestments from entities such as LIC, Cochin Shipyard, IRFC, GIC RE, and Coal India Ltd. have collectively contributed Rs 52,716.02 crore to the government's coffers this financial year.
OFS Timeline and Employee Offer
The two-day issue is scheduled to commence for non-retail investors on Tuesday, August 25, 2026. Retail investors will have their opportunity to bid on Wednesday, August 26, 2026. Non-retail investors who place bids on the first day can also opt to carry forward any unallotted bids to the second day for potential allocation in the unsubscribed portion of the retail category.
In addition to the public OFS, Hindustan Copper has announced that 25,000 additional shares, equivalent to 0.0026% of the company's equity capital, will be offered to eligible employees. These employees may apply for equity shares up to a value of Rs 5,00,000.
The offer will take place during regular trading hours, from 9:15 am to 3:30 pm Indian Standard Time, on a dedicated window of the stock exchanges.