Hindustan Copper share price in focus as OFS opens for retail investors today. Should you apply?
New Delhi, Aug. 26 -- Shares of Hindustan Copper are likely to remain in focus on Wednesday, 26 August, as the retail leg of the government's Offer for Sale (OFS) opens for bidding.
The retail offering follows a strong response from non-retail investors on Tuesday, with the issue receiving more than three times the subscription. Encouraged by the demand, the government has decided to exercise the entire greenshoe option, increasing the potential stake sale to 6% from the initial base offer of 3%.
Under the OFS, the government initially offered to sell a 3% stake in Hindustan Copper, with an option to offload an additional 3% in the event of oversubscription. At the floor price of Rs.514 per share, the total potential OFS size could amou...
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