The government will divest a 3% stake in Hindustan Copper through an Offer for Sale (OFS), with an additional 3% stake likely to be sold under the green-shoe option. The floor price for the OFS has been set at Rs 514 per share.
Of the total offer, 10% will be reserved for retail investors, while an additional 25,000 shares will be set aside for eligible employees.
In a post on the social media platform X, Department of Investment and Public Asset Management (DIPAM) said, "Government of India offers to divest 3% equity in Hindustan Copper Limited (HCL) through an Offer for Sale (OFS), with an option to divest an additional 3% (green shoe) in case of oversubscription. The OFS will open at a floor price of Rs 514 per share. 10 percent of the offer is reserved for retail investors, with an additional 25,000 shares reserved for eligible employees."
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Government of India offers to divest 3% equity in Hindustan Copper Limited (HCL) through an Offer for Sale (OFS), with an option to divest an additional 3% (green shoe) in case of oversubscription. The OFS will open at a floor price of ₹514 per share. 10 percent of the offer is… pic.twitter.com/IVNHaTyOMy
— Secretary, DIPAM (@SecyDIPAM) August 24, 2026
The latest OFS comes as the government boosts its disinvestment programme and aims to boost receipts from its stake sales in public sector and government-held companies.
The government has received Rs 52,716 crore through disinvestment receipts so far. This indicates nearly 66% of its Rs 80,000-crore full-year target.
In Q1FY27, Hindustan Copper net profit dropped nearly 21% sequentially. The company posted a consolidated bottom-line of Rs 352 crore, compared to Rs 444 crore in the preceding quarter. Revenue declined 19% to Rs 937 crore from Rs 1,156 crore.
Earnings before interest, taxes, depreciation and amortisation declined 19% to 508 crore from Rs 627 crore, while Ebitda margin remained flat at 54.2%.
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