Hindustan Copper OFS Opens for Retail Investors Amid Strong Growth Prospects
Hindustan Copper's Offer for Sale (OFS) has opened to retail investors, offering them a chance to bid on shares in the company. The government plans to divest up to 6% of its equity in Hindustan Copper through this OFS, with 10% reserved specifically for retail investors.
The current market price of Hindustan Copper's shares is quite high, trading at a trailing 30 times EV/EBITDA and 42 times P/E multiple. However, according to Netra Deshpande from Mirae Asset Sharekhan, the stock has strong growth visibility due to its robust earnings momentum, near-term debt-free balance sheet, and capacity expansion plans.
Deshpande believes that Hindustan Copper's shares will see a long-run rally driven by increasing demand for copper in various sectors such as data centers, power grids, and transformers. Retail investors can apply for the OFS through their demat accounts, with a minimum bid size of one share.
Hindustan Copper's Q1 results showed a 162.47% jump in net profit to ₹352.37 crore, while revenue surged 81.36% YoY to ₹936.50 crore. The company has access to around 45% of India's copper ore reserves and resources.
The government currently holds a 66.14% stake in Hindustan Copper, with LIC owning 2.83%, FPIs holding 5.96%, and over 12.78 lakh retail investors holding 17.80% as of June 30, 2026.