Hindustan Copper Limited Offer for Sale
BSE Scrip: ISIN: INE531E01026
Announcement Date: August 24, 2026
Offer Details:
Type of Transaction: Offer for Sale (OFS) through stock exchange mechanism
Seller (Promoter): The President of India, acting through and represented by the Ministry of Mines, Government of India
Number of Shares Offered:
- Base Offer Size: 2,90,10,721 Equity Shares (3.00% of total paid-up equity)
- Oversubscription Option: Additional 2,90,10,721 Equity Shares (3.00% of total paid-up equity)
- Maximum Total Offer: 5,80,21,442 Equity Shares (6.00% of total paid-up equity)
Employee Offer: 25,000 Equity Shares (0.0026% of total paid-up equity) reserved for eligible employees
Timelines:
T Day (Non-Retail Investors): August 25, 2026
- Trading hours: 9:15 a.m. to 3:30 p.m. IST
- Only non-Retail Investors allowed to bid
T+1 Day (Retail Investors and Carry-Forward Bids): August 26, 2026
- Trading hours: 9:15 a.m. to 3:30 p.m. IST
- Retail Investors, Employees, and non-Retail Investors with carried-forward bids allowed to bid
Pricing & Allocation:
Floor Price: ₹514 per Equity Share
Retail Discount: NIL (No discount offered)
Allocation Method:
Non-Retail Category Allocation:
- Allocation at or above Floor Price on price priority basis at multiple clearing prices
- Minimum 25% reservation for Mutual Funds and Insurance Companies
- No single bidder (except Mutual Funds/Insurance Companies) allocated more than 25% of Offer Shares
- Non-Retail Investors can carry forward un-allotted bids to T+1 day
- Oversubscription Option decision intimated to exchanges by 5:00 p.m. on T day
Retail Category Allocation:
- Minimum 10% of Offer Shares reserved for Retail Investors
- Retail Investor defined as individual bidding for total value not exceeding ₹200,000 across exchanges
- Retail Investors may bid at any price above Floor Price or at "Cut-Off Price"
- Cut-Off Price means lowest price at which Offer Shares are sold in non-Retail Category
- Allocation done proportionately in case of oversubscription
Employee Category:
- 25,000 Equity Shares reserved
- Employees may bid only at Cut-Off Price of T day
- Maximum investment limit of ₹500,000 per employee
- Under-subscribed portion may be allotted proportionately for value exceeding ₹200,000
Brokers & Settlement:
Seller's Brokers:
1. DAM Capital Advisors Limited (NSE Code: 12914 / BSE Code: 623)
2. Emkay Global Financial Services Limited (NSE Code: 09018 / BSE Code: 185)
3. IDBI Capital Markets & Securities Limited (NSE Code: 07066 / BSE Code: 084)
Settlement Broker: DAM Capital Advisors Limited
Settlement Timelines:
- All settlements will occur on August 27, 2026 (T+2 day)
- This is due to settlement (clearing) holiday on August 26, 2026 (T+1 day)
Withdrawal & Cancellation Conditions:
Withdrawal: Seller may withdraw Offer any time prior to opening on T Day, followed by 10 trading days cooling-off period
Cancellation: Offer may be cancelled in full if:
- Insufficient demand from non-Retail Investors at or above Floor Price on T day
- Default in settlement obligations
- Cancellation requests accepted up to 5:00 p.m. on T day
Other Noteworthy Information:
Designated Stock Exchange: National Stock Exchange of India Limited (NSE)
Designated Clearing Corporation: NSE Clearing Limited
Bidding Conditions:
- Non-institutional investors must deposit 100% bid value upfront
- Institutional investors have option to bid without upfront payment
- Retail Investors and Employees must deposit 100% margin
- Multiple orders permitted subject to cumulative value limits
- 10% penalty on default in pay-in
Restrictions: Promoters and promoter group members of Hindustan Copper Limited are not allowed to participate in the Offer
Legal Framework: Offer conducted under SEBI Master Circular reference number SEBI/HO/MRD-PoD2/CIR/P/2024/00181 dated December 30, 2024 and Stock Exchange Circulars
International Restrictions: Offer not available in United States except to Qualified Institutional Buyers, and subject to restrictions in Other Jurisdictions