Hindustan Copper shares drop 7% after govt's plan to sell stake via OFS issue; check floor price

NSE data showed that Hindustan Copper shares declined 7% to touch their early market low of ₹534.20 apiece on Tuesday’s market, in comparison to ₹574.15 apiece at the previous equity market close.

After the early market low, shares of the company recovered some losses, trading 5% lower at ₹545.40 apiece during the trading session on August 25.

Government of India, which owns a majority stake in the copper mining company, is now looking to sell up to 6% of its holdings through an offer for sale (OFS), according to the latest exchange filing.

Stake sale details

The President of India (promoter of Hindustan Copper) is looking to sell up to a 6% stake in the firm through an offer for sale (OFS) at a floor price of ₹514 per share, according to the NSE filing on August 24.

The initial stake sale OFS deal is for 3% or 2,90,10,721 shares of the company, with an additional option to sell another 3% stake in the company on the market.

“The promoter proposes to sell up to 2,90,10,721 equity shares (3%) of the company, on August 25, 2026, with an option to additionally sell 2,90,10,721 (3%) equity shares through a separate, designated window of BSE and NSE, collectively representing 6.00% of the total issued and paid-up equity share capital of the company,” Hindustan Copper informed the stock exchanges.

The OFS will open at a floor price of ₹514 per share

Under the employee category, 25,000 shares may be offered to the eligible employees whose PAN details have been shared on T-1 day in line with the OFS guidelines.

How much stake does government own?

As of June 2026, the government owns a total of 66.14% stakeholding in Hindustan Copper, while the remaining 33.86% stake is held by the public shareholders, according to the latest shareholding data from the National Stock Exchange.

The floor price is at a 10.38% discount to Monday's closing share price of Hindustan Copper on the BSE.

In a post on X, Department of Investment and Public Asset Management (DIPAM) secretary Arunish Chawla also announced the government’s plan to divest up to 3% stake 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.

According to Chawla, 10% of the offer is reserved for retail investors, with an additional 25,000 shares set aside for eligible employees.

So far in the current fiscal year, the government has mopped up ₹52,716 crore through PSU disinvestment.

Hindustan Copper Q1 performance

Hindustan Copper reported a 162% year-on-year (YoY) rise in its consolidated net profit to ₹352 crore, in comparison to ₹134 crore in the same period a year earlier.

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

The company also posted 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, according to the consolidated statements.

The company's revenues increased in the period under review due to the overall increase in copper prices.

Hindustan Copper share price trends

On Monday, Hindustan Copper shares settled at ₹574.15 apiece on the National Stock Exchange, rising 0.25%. The development, however, came after market hours.

Over a month’s time, the stock has gained 17.5%, while it has advanced 1% in the past six months. From the beginning of the year, Hindustan Copper shares have climbed 9%.

Shares of the company had touched their one-year high of ₹760.05 apiece on January 29, 2026, while their 52-week low of ₹226.70 was hit on August 28, 2025.

As of August 24, 2026, Hindustan Copper has a market capitalisation of ₹54,917.29 crore, NSE data showed.