Hindustan Copper Share Price in Focus as Government Launches 3% OFS at ₹514, a 10% Discount

Hindustan Copper shares stayed in focus on Tuesday after the government launched an Offer for Sale at ₹514 per share. The floor price marks a 10.38% discount to Monday’s closing price of ₹573.55. The base offer covers 3% equity, with a green-shoe option to divest another 3% if oversubscribed. 

DIPAM Secretary Arunish Chawla confirmed the sale, which could raise nearly ₹3,000 crore if the full 6% stake sells at the floor price.

OFS Structure Splits Bidding Across Two Days

The government structured this Hindustan Copper (HINDCOPPER.NS) OFS across two separate trading sessions this week. Non-retail investors, including institutions, can bid on August 25, 2026.

Retail Investors Get Wednesday Window

Retail participants get their turn on August 26, 2026, one day after institutional bidding closes. A 10% reservation applies specifically for retail category bidders under exchange rules.

Short-term pain is classic OFS — overhang + discounted supply hits hard.

Long-term? All about copper prices, HCL’s strong profit momentum, PSU sentiment & how the OFS gets subscribed.

Still India’s only vertically integrated copper play. 🔥#HindustanCopper #OFS #HINDCOPPER https://t.co/Tro0EU8es0

— Harshit Shah (@Harshit_Shah07) August 25, 2026

Key OFS parameters investors should track:

• Floor price: ₹514 per share, no minimum for retail category.
• Total offer size: up to 2.90 crore equity shares.
• Employee reservation: 25,000 shares set aside separately.
• Retail bidding cap: roughly 389 shares per applicant.

Shares Drop Sharply As Supply Concerns Weigh

Hindustan Copper stock fell more than 6% on Tuesday, sliding into the ₹535-540 range during early trade. The sharp drop reflected investor concerns over fresh equity supply hitting the market.

A floor price only sets the minimum bidding threshold, not a guaranteed price floor for the listed stock. Market prices can still trade below ₹514 if selling pressure intensifies through the session. That risk explains Tuesday’s steep single-day decline for Hindustan Copper.

The PSU stock suffered strong losses as the Indian government is looking to sell up to a 6% stake in the company through the OFS at a floor price of ₹514 per share.https://t.co/KHKafynvoT

— Mint (@livemint) August 25, 2026

Government Stake Set To Fall Below 61%

India’s government currently holds close to 66.14% equity in Hindustan Copper, a state-owned copper mining company. That stake will fall to roughly 60.14% if the entire green-shoe option gets exercised.

Five-Year Gap Since Last Major Divestment

This marks the government’s return to the OFS route for Hindustan Copper after a five-year gap between stake sales. The move follows a broader disinvestment push covering multiple public sector firms this fiscal year, including recent stake actions at Coal India.

Strong Q1 Results Preceded The Stake Sale

Hindustan Copper reported robust first-quarter results on August 10, 2026, just two weeks before the OFS announcement. Revenue jumped 81% year-over-year to ₹936.50 crore for the quarter.

Net profit surged even faster, climbing 163% year-over-year to ₹352.61 crore. These numbers reflect strong copper demand and pricing tailwinds. The company’s market capitalization stood at ₹54,917.29 crore as of August 24, 2026, ahead of the OFS launch.

Stock Performance Shows Sharp Multi-Year Rally

Hindustan Copper touched a 52-week high of ₹760.05 on January 29, 2026, before cooling through the following months. Its 52-week low of ₹226.70 came on August 28, 2025, exactly one year earlier.

The stock has still gained about 9% since January 2026 despite recent volatility. Over the trailing twelve months, shares have climbed more than 140%, far outpacing broader mining sector peers like NALCO and Vedanta during the same stretch.

Bottom Line

Hindustan Copper’s OFS offers a discounted entry point but carries real supply-side risk this week. Strong Q1 earnings support the long-term story. Investors should weigh the ₹514 floor against ongoing price volatility carefully.

Disclaimer:

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