The government has announced an Offer for Sale in Hindustan Copper to divest equity. The plan involves selling 3% stake with an option to extend by another 3% if demand is strong. The floor price has been fixed at ₹514 per share, which is nearly 10% lower than the current market price of around ₹574.
Ten percent of the offer is reserved for retail investors, while 25,000 shares are set aside for eligible employees. Hindustan Copper shares have gained more than 140% in the past year, reflecting strong investor confidence. The OFS is part of the government’s disinvestment programme managed by DIPAM.
Hindustan Copper has seen notable growth in recent months, supported by rising global copper prices and expansion plans worth ₹7,000 crore. The company’s performance has attracted market attention, making this OFS significant for both institutional and retail investors.
The divestment will help the government raise funds while giving investors a chance to participate in the company’s future growth. Analysts believe the attractive floor price compared to the current market value could encourage participation. The employee reservation adds inclusivity to the offer.
Overall, the OFS is expected to generate interest across investor categories and support the government’s broader disinvestment goals.