The government's offer for sale in Hindustan Copper Ltd received strong demand from non-retail investors on Tuesday, with the issue subscribed more than three times. According to exchange data, the OFS received bids for 8.91 crore shares against 2.61 crore shares on offer, implying subscription of 3.41 times. The shares were offered at a floor price of Rs 514 apiece.
The stock was trading at Rs 531.40, above the OFS floor price, according to the data shared. The discount to the market price helped draw strong demand from investors.
