The President of India, acting through the Ministry of Mines, plans to sell up to 12% of its equity stake in Hindustan Copper Limited via an Offer for Sale (OFS) on August 25 and 26, 2026. The base offer size is 6.00% of the total issued and paid-up equity share capital, with an option for oversubscription. This move aims to divest government holdings and offers an opportunity for public investors to increase their stake in the company.
Hindustan Copper Limited: Promoter Offer for Sale Announced
The President of India, represented by the Ministry of Mines, Government of India, has announced its intention to divest a portion of its shareholding in Hindustan Copper Limited (the “Company”) through an Offer for Sale (OFS) mechanism. This OFS is scheduled to take place on August 25, 2026 (for non-Retail Investors) and August 26, 2026 (for Retail Investors and Employees).
Offer Details and Size
The Promoter proposes to sell up to 2,90,10,721 Equity Shares, representing 3.00% of the total issued and paid-up equity share capital of the Company, as the “Base Offer Size”. Additionally, there is an “Oversubscription Option” to sell another 2,90,10,721 Equity Shares, also representing 3.00%. Collectively, this could amount to a total sale of up to 6.00% of the Company’s equity share capital.
A separate offer for 25,000 Equity Shares (equivalent to 0.0026%) may also be made to eligible employees of the Company, subject to necessary approvals.
Floor Price and Trading Dates
The Floor Price for the Offer has been set at ₹514 per Equity Share. The trading sessions for the OFS will commence on August 25, 2026 (“T day”) and conclude on August 26, 2026 (“T+1 day”), with trading hours from 9:15 a.m. to 3:30 p.m. IST on both days.
Allocation Methodology
The allocation will be at or above the Floor Price. A minimum of 10% of the Offer Shares are reserved for Retail Investors. Non-Retail Investors, including mutual funds and insurance companies, will have specific allocation methodologies. Retail Investors are defined as individuals bidding for shares with a total value not exceeding ₹200,000.
Brokers and Settlement
The Offer will be conducted through designated brokers: DAM Capital Advisors Limited, Emkay Global Financial Services Limited, and IDBI Capital Markets & Securities Limited. Settlement for bids received on T day and T+1 day is scheduled for August 27, 2026, accounting for a settlement holiday on August 26, 2026.
Source: BSE
