India to sell up to 6% of Hindustan Copper in offer priced at ₹514
What's the deal? India's government said on Monday it will sell up to a 6% stake in state-owned Hindustan CopperDealroom has a profile for this one. Try Dealroom → through an offer for sale (OFS), with a floor price of Rs 514 per share. The government will offer 3% initially, with an option to divest a further 3% via a green shoe clause if the sale is oversubscribed.
The terms: The floor price marks a 10% discount to Hindustan Copper's closing price of Rs 574 on the NSE on Monday. Some 10% of the offered shares are reserved for retail investors, with an additional 25,000 shares set aside for eligible employees.
What's the mechanism? A green shoe option lets underwriters sell more shares than originally planned when demand is high, acting as a market stabiliser to limit price swings.
The company: Hindustan Copper posted revenue from operations of Rs 3,077.92 crore for financial year 2025–26, up 48.6% year-on-year, and net profit of Rs 918.54 crore, up 97.5%. In the first quarter of financial year 2026–27, it reported net profit of Rs 353 crore on revenue of Rs 936.5 crore.
The signal: The sale continues New Delhi's use of offers for sale to trim holdings in public sector companies, tapping strong investor interest in a firm whose earnings have nearly doubled.
Read more: investmentguruindia.com
Image credit: denisbin
