Hindustan Copper OFS oversubscribed on both days, says DIPAM secy; details here

Institutional investors on Tuesday, August 25, oversubscribed Hindustan Copper share sale 3.41 times and put in bids worth over ₹4,600 crore. The OFS was open for retail investors on Wednesday.

Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said the issue received "an enthusiastic response from retail investors".

“The Offer for Sale (OFS) for Hindustan Copper Ltd closed successfully with an enthusiastic response from retail investors. The issue was oversubscribed on both days, and the Government decided to exercise its entire greenshoe option,” Chawla said on microblogging platform X (formerly Twitter).

The government sold over 5.80 crore shares or up to 6% (including 3% greenshoe option) stake in Hindustan Copper through a two-day offer-for-sale (OFS) at a floor price of ₹514 apiece through the two-day OFS.

The floor price was set at a 10.38% discount over Monday's closing share price.

The government currently has a 66.14% equity holding in Hindustan Copper. So far in the current fiscal year, the government has mopped up ₹52,716 crore via PSU disinvestment through OFS in eight PSUs and remittances from SUUTI.

For the entire FY27, the Budget has set a target of ₹80,000 crore to be raised from disinvestment and asset monetisation.

Hindustan Copper Q1 results

The company reported a 162% year-on-year (YoY) rise in its consolidated net profit to ₹352 crore in the first quarter of the 2026-27 financial year (Q1 FY27), compared with ₹134 crore in the same period a year earlier.

However, on a sequential basis, Hindustan Copper’s net profit declined 20% to its June quarter level from ₹444.27 crore in the fourth quarter of FY26.

Hindustan Copper reported an 81% rise in its revenue from core operations to ₹937 crore in the June quarter, compared YoY with ₹516 crore in the same period a year earlier.

Hindustan Copper stock performance

Shares of Hindustan Copper closed 4.39% higher at ₹556.05 per unit on the National Stock Exchange (NSE) on Wednesday.

The scrip has gained 15% over the month and 6% on a year-to-date (YTD) basis.

While the stock hit a 52-week high of ₹760.05 per equity share on January 29, 2026, it touched a year’s low of ₹226.70 apiece on August 28, 2025.

Hindustan Copper has a total market capitalisation of ₹53,660.16 crore as of August 26, 2026, according to data on the NSE.