The Ministry of Mines has announced an Offer for Sale (OFS) of up to 6% equity shares in Hindustan Copper . The bidding process is scheduled to commence on August 25, 2026, with a floor price of ₹514 per share.

Offer Structure

The promoter, represented by the President of India through the Ministry of Mines, proposes to sell a base offer size of 2,90,10,721 equity shares, representing 3% of the total issued and paid-up equity capital. This initial tranche will be available exclusively to non-Retail Investors on August 25, 2026 (T day).

Upside Option

The government retains an oversubscription option to sell an additional 2,90,10,721 shares (3% stake) if demand warrants it. This brings the potential total sale to 6% of the company’s equity. The decision to exercise this option will be intimated to the stock exchanges after trading hours on T day.

Bidding Timeline

The offer will be conducted over two trading days via a separate window on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE):

• August 25, 2026 (T day): Open for non-Retail Investors only.
• August 26, 2026 (T+1 day): Open for Retail Investors, Employees, and non-Retail Investors carrying forward un-allotted bids.

Settlement for all bids received on both days will take place on August 27, 2026, due to a clearing holiday on August 26.

Allocation and Pricing

Allocation will follow a price priority basis at multiple clearing prices. Key structural details include:

• Floor Price: ₹514 per equity share.
• Retail Reservation: Minimum 10% of offer shares reserved for Retail Investors.
• Employee Offer: 25,000 shares reserved for eligible employees, with a bid limit of ₹500,000 per employee.
• Institutional Reservation: Minimum 25% of offer shares reserved for Mutual Funds and Insurance Companies.

Retail Investors may bid at any price above the floor price or at the cut-off price. There is no retail discount applicable to this offer.

What the Numbers Show

The structure of the divestment indicates a flexible approach to stake reduction. By capping the initial offer at 3% while reserving an optional 3% top-up, the government can gauge market appetite before committing to the full 6% potential sale. The ₹514 floor price serves as a critical reference point for valuing the company’s equity in this specific transaction.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE531E01026/4c2f3e75-327c-4a84-a886-8e8936d6c610.pdf

Hindustan Copper plans to invest over ₹7,000 crore in capital expenditure over the next 5-6 years, according to a newspaper report. The planned outlay covers mine revival, expanded exploration, and acquisition of copper assets in domestic as well as overseas markets, with the company citing rising demand as the backdrop for the initiative.

Capex deployment plan

The capital expenditure programme spans multiple strategic priorities. The key areas of focus under the planned investment include:

• Revival of existing mines
• Expansion of exploration activities
• Acquisition of domestic copper assets
• Acquisition of overseas copper assets

Strategic context

The scale of the planned investment reflects Hindustan Copper's intent to strengthen its resource base and production capacity. The simultaneous pursuit of mine revival and new asset acquisition signals a multi-pronged approach to scaling operations. The inclusion of overseas acquisition targets indicates the company is looking beyond domestic reserves to meet anticipated demand requirements.