Hindustan Copper OFS: The government’s two-day Hindustan Copper Offer-for-Sale (OFS) opened on Tuesday, with institutional investors getting the first opportunity to bid. The government plans to sell up to a 6% stake in the state-owned company at a floor price of ₹514 per share.

The stake sale could potentially generate approximately ₹3,000 crore for the exchequer. Retail investors are scheduled to participate in the OFS on Wednesday.

🔑 Hindustan Copper OFS: Key Details

Here are the major numbers investors need to know:

• 🏢 Company: Hindustan Copper Ltd
• 📊 Maximum stake on offer: Up to 6%
• 💰 Floor price: ₹514 per share
• 📉 Discount to Monday’s BSE close: 10.38%
• 🧾 Shares on offer: More than 5.80 crore
• 💵 Potential proceeds: Around ₹3,000 crore
• 👔 Institutional bidding: Tuesday
• 👥 Retail bidding: Wednesday
• 🇮🇳 Current government holding: 66.14%

📊 Hindustan Copper Share Price Falls Over 6%

Hindustan Copper shares came under pressure as the OFS opened.

The stock was trading 6.37% lower at ₹537 on the BSE on Tuesday, as investors reacted to the government’s stake-sale announcement and the discounted OFS floor price.

The previous BSE closing price of Hindustan Copper was ₹573.55 on Monday.

💰 Hindustan Copper OFS Floor Price Fixed at ₹514

The government has fixed the Hindustan Copper OFS floor price at ₹514 per share.

This represents a 10.38% discount to the company’s Monday closing price of ₹573.55 on the BSE.

The floor price is particularly important because it represents the minimum price set for bidding under the OFS process.

🏦 Government Plans to Sell Up to 6% in Hindustan Copper

Through the two-day OFS, the government plans to sell more than 5.80 crore Hindustan Copper shares, representing up to a 6% stake in the company.

The offering includes a 3% greenshoe option, which provides scope for the government to sell an additional portion of its holding depending on the structure and response to the offer.

At the ₹514 floor price, the overall transaction could bring approximately ₹3,000 crore to the government.

👥 When Can Retail Investors Bid?

The first day of the Hindustan Copper OFS is intended for institutional investors.

Retail investors can participate on Wednesday, giving individual market participants an opportunity to bid for shares through the OFS mechanism.

Investors should check the applicable exchange and broker requirements before placing an OFS bid.

🇮🇳 How Much Hindustan Copper Does the Government Own?

Before the proposed stake sale, the government holds a 66.14% equity stake in Hindustan Copper.

The OFS is therefore another step in the government’s broader PSU disinvestment programme.

According to the figures provided, the government has so far raised ₹52,716 crore through PSU disinvestment in the current fiscal year.

📈 Why Is the Hindustan Copper OFS Important?

The transaction is significant for both the government and stock-market investors.

For the government, a successful sale could raise approximately ₹3,000 crore and contribute to its disinvestment proceeds. For investors, the ₹514 floor price and its 10.38% discount to Monday’s closing price are likely to remain key points of attention during the two-day offering.

The movement in Hindustan Copper’s market price may also remain in focus as the OFS progresses.

❓ Hindustan Copper OFS FAQ

What is the Hindustan Copper OFS price?

The government has fixed the floor price at ₹514 per share for the Hindustan Copper Offer-for-Sale.

How much stake is the government selling in Hindustan Copper?

The government plans to sell up to 6% of Hindustan Copper, including a 3% greenshoe option.

How many Hindustan Copper shares are being offered?

More than 5.80 crore shares are covered under the proposed 6% stake sale.

When does the Hindustan Copper OFS open for retail investors?

According to the announced schedule, retail investors can participate on Wednesday, following the institutional bidding session on Tuesday.

How much could the government raise from the OFS?

At the announced floor price, the share sale could fetch approximately ₹3,000 crore for the government.

What is the government’s current stake in Hindustan Copper?

The government currently holds 66.14% equity in Hindustan Copper, based on the figures provided.