Hindustan Copper OFS opens for retail investors: key details

Mumbai | 26 August 2026 

The retail portion of the government’s offer for sale (OFS) in Hindustan Copper opened for bidding on Wednesday, 26 August 2026, a day after the non-retail portion drew strong demand. Following the robust response, the government has decided to exercise the entire green shoe option, taking the potential stake sale to 6% from the base offer of 3%. 

What is the floor price and discount on the OFS? 

The government has set a floor price of ₹514 per share for the Hindustan Copper OFS. The stock ended 7.45% lower at ₹531.40 on Tuesday, 25 August 2026, ahead of the retail round, putting the floor price at a discount of about 3.27% to that closing price. 

• Floor price: ₹514 per share 

• Previous close (25 August 2026): ₹531.40 

• Implied discount to previous close: about 3.27% 

• Stock has gained more than 10% over the past month 

How much is the government selling? 

The Centre initially offered to sell a 3% stake in Hindustan Copper, comprising 2.61 crore shares, with an option to sell an additional 3% in case of oversubscription. Following strong first-day demand, the government has decided to exercise the entire green shoe option, taking the total potential stake sale to 6%. 

• Base offer: 2.61 crore shares (3% stake) 

• Green shoe option: additional 3%, now fully exercised 

• Total potential stake sale: 6% of equity 

• Seller: Government of India, Ministry of Mines 

• The OFS is part of the government’s broader disinvestment programme 

How did day one go ? 

The non-retail portion of the Hindustan Copper OFS was subscribed 3.41 times on its first day, with the government receiving bids for 8.91 crore shares against the 2.61 crore shares offered in the base issue. The retail window opened on Wednesday, 26 August 2026, during normal market hours. 

Retail investors are those with an authorised share capital of up to ₹2 lakh. As per Hindustan Copper’s June 2026 quarter shareholding pattern, the company had 12.78 lakh retail shareholders, together holding a 17.79% stake. Of the base issue, 10% is reserved for retail investors, with an additional 25,000 shares reserved for eligible employees. 

About Hindustan Copper 

Hindustan Copper is India’s only listed pure-play copper company and has access to around 45% of the country’s copper ore reserves and resources. It is a state-run copper producer functioning under the Ministry of Mines. 

Hindustan Copper shares ended 7.45% lower at ₹531.40 on Tuesday, 25 August 2026, as the stock came under pressure ahead of the OFS. Over the past month, however, the stock has gained more than 10%. 

Outlook 

The retail portion of the Hindustan Copper OFS remains open during market hours on Wednesday, 26 August 2026. Investors should track the final subscription numbers once retail bidding closes, along with the eventual allotment outcome, since the government’s decision to exercise the full green shoe option means the total stake sale could go up to 6% of Hindustan Copper’s equity. 

Stay updated on Indian equity and commodity markets. Read more market news on PL Capital. 

Disclaimer: Investments in securities market are subject to market risks, read all the related documents carefully before investing.

This is a knowledge-sharing initiative by PL Capital. The information provided is only for educational purposes and should not be considered as financial advice & has no influence on the investment/trading decisions of any investors.

For detailed disclaimers/disclosure and Mandatory terms and conditions please visit our website https://www.plindia.com/regulatory-content/