Hindustan Zinc OFS opens: How can retail investors participate?

Synopsis Hindustan Zinc’s Offer For Sale (OFS) opens for retail investors on Thursday, January 29, after strong demand from non-retail participants. Vedanta, the promoter, aims to raise up to Rs 4,500 crore through the sale of 0.79% of the company’s equity, with a green shoe option of 0.59% additional stake if demand remains robust. The indicative price is Rs 691.15. The Offer For Sale (OFS) of Hindustan Zinc opens for retail investors on Thursday, January 29, following strong demand from non-retail participants. The OFS was made available to institutional and non-retail investors on Wednesday and was fully subscribed, with an indicative price of Rs 691.15, above the floor price of Rs 685 but below the stock’s previous day closing. Vedanta, the promoter of Hindustan Zinc, launched the OFS to raise up to Rs 4,500 crore. The base offer comprises 0.79% of the company’s total equity, along with a green shoe option for an additional 0.59% stake, allowing the promoter to increase the overall sale size if demand remains strong. Retail investors can participate in the OFS by logging into their trading accounts and accessing the ‘Corporate Actions’ or ‘OFS’ section. They should review key details such as the floor price, bid quantity, and bid price before placing their orders. Bids must be submitted above the floor price. Investors should ensure sufficient funds are available, as the broker will block the bid amount during the process. If the bid is successful, shares will be credited to the investor’s Demat account within T+1 days. If the bid is not accepted, the blocked funds will be released back to the investor’s account. Retail investors are typically those whose investment value does not exceed Rs 2 lakh. Hindustan Zinc has around 7.7 lakh small retail investors, defined as those with holdings of up to Rs 2 lakh, who together own a 2.96% stake in the company. The stock is also known for its low free float, as a large portion of the equity is held by promoter Vedanta Ltd., the Government of India, and various fund houses. Live Events What is an OFS? An Offer for Sale (OFS) is a Securities and Exchange Board of India (SEBI)-regulated, transparent mechanism introduced in 2012 that allows promoters or large shareholders of listed companies to sell their existing shares directly to the public through a stock exchange bidding platform. Unlike an IPO, no new shares are created; Hindustan Zinc shares were trading 0.8% higher at Rs 714 per share on the BSE, marking a 17% gain in the first month of 2026. Hindustan Zinc shares were trading 0.8% higher at Rs 714 per share on the BSE, marking a 17% gain in the first month of 2026. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price ...moreless After Sebi tightens equity F&O trades, punters find new casino Can Sula keep pouring as FTA raises a toast for European wine? EU trade pact: Should Tata, Mahindra worry about ‘European invasion’? Budget is not a wish list: Constraints that shape taxes, borrowings, wallets Stock Radar: Shriram Finance stock sees profit taking after hitting record highs earlier in Jan 2026; time to buy the dip? APL Apollo Tubes stock breaks out from rounding bottom pattern; time to buy? 1 2 3