Shares of Hindustan Copper Ltd. will be in focus on Tuesday, August 25, after the government launched an offer for sale of up to a 6% stake in the state-owned copper producer. The government is offering a 3% stake, with an option to sell an additional 3% stake, at a floor price of ₹514 per share.
The floor price represents a discount of around 9.5% to Hindustan Copper's Monday closing price of ₹567.90. If the full 6% stake is sold, the government could raise around ₹3,000-3,200 crore through the OFS. As of June 2026, the government held a 66.14% stake in Hindustan Copper.
Foreign institutional investors held 5.96%, while domestic institutional investors owned 4.84%. What makes Hindustan Copper stand out? Hindustan Copper is India's only listed pure-play copper producer, giving investors direct exposure to the country's copper demand and the broader energy-transition theme.
The company also has access to around 45% of India's copper ore reserves and resources, according to Anand Rathi estimates. FY26FY28EEPS₹9.5₹20.7P/E54x25xBased on Anand Rathi's estimates, the stock's valuation could moderate significantly if earnings growth materialises, with the forward P/E falling from around 54x in FY26 to 25x by FY28E.
Hindustan Copper shares settled 0.84% lower at ₹567.90 on Monday. The stock has gained around 9% so far in 2026.