Thursday, September 16, 2021

Hindustan Copper OFS Date, Floor Price, Discount and OFS Size Details

Hindustan Copper OFS date is fixed as government to sell their 5% stake in the company via OFS. The OFS to start on 16 September for non-retail and ends on 17 September for retail investors. The offer for sale floor price at ₹116. The closing price of the Hindustan Copper on 15 September is ₹124.60 so it will be 7% discount offered for the investors.

Hindustan Copper is a Government-owned public sector undertaking under the administrative control of the Ministry of Mine, Government of India. The company was incorporated in 1967 and the only vertically integrated copper producer in India. Hindustan Copper

Hindustan Copper OFS Details:

 OFS Open:  16 September 2021 (Non-Retail)
 OFS Close:  17 September 2021 (Retail)
 Retail Portion:  10%
 OFS Floor Price:  ₹116 per equity share
 Closing Price:  ₹124.60 as on 15 September
 OFS Discount:  7% on closing price
 Retail Discount:  N/A
 Base Size:  2.83 Crore Equity Shares (9.67 Crores)
 Green Shoe Size:  5% Green-shoe option

Hindustan Copper is coming up with OFS that comprises 2.83 crore equity shares of face value of ₹5 each of Hindustan Copper Limited.

  • Date and time of the opening of the offer for Non-Retail Investors: September 16, 2021 at 9:15 a.m.
  • Date and time of the closing of the offer for Non-Retail Investors: September 16, 2021 at 3:30 p.m.
  • Date and time of the opening of the offer for Retail Investors: September 17, 2021 at 9:15 a.m.
  • Date and time of the closing of the offer for Retail Investors: September 17, 2021 at 3:30 p.m.

The Sale shall continue to take place on a separate window of the Stock Exchanges commencing at 9:15 a.m. and shall close at 3:30 p.m. (Indian Standard Time) on the same date. The Floor Price for the offer shall be ₹116 (Rupees One Hundred Sixteen only) per equity share.

Check the latest share price of Hindustan Copper on NSE & BSE.

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