π Hindustan Copper OFS sees massive demand
Hindustan Copper's Offer For Sale (OFS) received an overwhelming response from non-retail investors on Tuesday. The issue, which had 2.61 crore shares on offer, was subscribed by 8.91 crore shares, marking a 3.41 times subscription. The shares were offered at a floor price of Rs 514, attracting investors due to the discount from the market price. Consequently, the government plans to exercise the greenshoe option to potentially sell an extra 3%. Retail investors get a chance to bid on Wednesday, August 26.