Hindustan Copper’s offer for sale (OFS) opens for retail investors after initial participation from non-retail bidders, and the company’s shares trade higher in response. The OFS initially receives strong demand from non-retail investors, and the listing reaction includes gains of more than 3% to around mid-day trading.
Retail investors can apply during a separate window on the NSE and BSE on Tuesday, according to the exchange timetable cited by one outlet. The offer reserves at least 10% of the issue size for retail investors. Another report notes that the government’s non-retail tranche receives bids for significantly more shares than the number on offer in that base portion.
Outlets differ mainly in their focus: one highlights the subscription levels for non-retail investors, while others emphasize share-price movement and the retail application window and minimum retail reservation. All accounts describe the OFS as proceeding in stages, first for non-retail and then for retail investors.
