India Sells Up to 6% Stake in Hindustan Copper at ₹514 Floor Price

The Indian government has launched an Offer for Sale (OFS) to sell up to a 6% stake in Hindustan Copper at a floor price of ₹514 per share. The two-day OFS, which opened on August 25, saw strong institutional demand with the non-retail portion oversubscribed by 3.41 times. This prompted the government to exercise its full 3% green shoe over-allotment option.

The retail bidding is set to open on August 26, and 10% of the overall offer size has been reserved for retail investors. The floor price represents a 10.45% discount relative to Monday's closing price of ₹574.15 on the National Stock Exchange.

Hindustan Copper reported a strong first-quarter financial performance, with Profit after Tax rising to ₹352.61 crore. The company's quarterly revenue from operations grew to ₹936.5 crore in Q1 FY27 from ₹516.37 crore in Q1 FY26.