Hindustan Copper OFS Opens: Government to Sell Up to 10% Stake

The Government of India has announced an Offer for Sale (OFS) in Hindustan Copper Limited, giving investors an opportunity to purchase shares being sold by the promoter.

The OFS opens on August 26, 2026 for non-retail investors, while retail investors can participate on August 27, 2026.

Under the base offer, the government proposes to sell 9,66,97,170 equity shares, representing 10% of the company's total paid-up equity share capital. The base offer is valued at approximately ₹2,900.10 crore.

If the issue receives strong demand, the government has the option to sell an additional 2,90,10,721 shares, equivalent to another 3% stake, through the oversubscription option.

If exercised fully, the OFS could therefore involve the sale of up to 12,57,07,891 shares, or 13% of Hindustan Copper's equity.

 Key Highlights of Hindustan Copper OFS

OFS Schedule

August 26, 2026 – Non-Retail Investors

The OFS opens first for non-retail investors. Eligible non-retail investors can place their bids during the exchange's OFS trading session.

Non-retail investors may also indicate their willingness to carry forward their unallocated bids to the following day for allocation from the unsubscribed portion of the retail category.

August 27, 2026 – Retail Investors

Retail investors can participate in the OFS on the second day. Eligible non-retail investors whose bids are carried forward can also participate as per the applicable OFS rules.

10% Reserved for Retail Investors

The government has reserved 10% of the offer shares for retail investors, subject to receipt of valid bids.

Any unsubscribed portion of the retail category may be made available to non-retail investors who opted to carry forward their bids from the first day.

What Does This Mean for Investors?

An OFS allows an existing promoter or large shareholder—in this case, the Government of India - to sell shares directly through the stock exchange.

Unlike an IPO, no new shares are being issued by Hindustan Copper. The transaction simply transfers existing shares held by the government to participating investors.

The base offer itself represents **10% of the company's equity**, while the oversubscription option could take the total stake sold to **13%** if fully exercised.

Retail investors interested in participating should note that their bidding window is scheduled for **August 27, 2026**. Investors should check the applicable OFS price, bidding conditions and available funds before placing an order.

Source: Exchange Notice No. 20260825-19 dated August 25, 2026.*