The Hindustan Copper OFS drew demand well above the non-retail allocation before retail investors got their window to bid. The Economic Times reported that non-retail bids reached 3.41 times the shares on offer, with 8.91 crore bids received against a base size of 2.61 crore shares. The strong response led the government to exercise the greenshoe option, increasing the potential sale from 3% to as much as 6% of the company.

Retail bidding opened on August 26, according to Business Standard and Mint. Business Standard reported that Hindustan Copper shares rose to ₹551.80, up 3.5%, during the session after the stock had fallen 7.04% on the previous day. The price movement shows how the offer has become a closely watched market event, but it does not by itself establish whether the issue suits any individual investor.

The government’s offer is structured with separate institutional and retail participation. Mint reported that the retail segment opened after the non-retail response and that a portion of the issue was reserved for retail applicants and employees. Reports differed on the exact retail reference price or cut-off figure, so applicants should rely on the exchange notice and official offer documents for the binding terms.

The immediate story in the Hindustan Copper OFS is therefore the scale of institutional demand and the resulting greenshoe decision. Retail investors still need to review the official rules, pricing, allocation and risks rather than treat a heavily subscribed offer or a single-day share move as a recommendation.