Hindustan Copper OFS oversubscribed 1.01 times
DSIJ Intelligence / 02 Aug 2017
State-owned Hindustan Copper witnessed gap-down opening in Wednesday’s trading session and was trading in negative territory, down by over 7%. Its offer for sale (OFS) for the non-retail investors is open today for subscription.
State-owned Hindustan Copper witnessed gap-down opening in Wednesday’s trading session and was trading in negative territory, down by over 7%. Its offer for sale (OFS) for the non-retail investors is open today for subscription.
As of 1125 hours on August 2, 2017, the OFS issue has oversubscribed by 1.01 times. The issue has total size of 2,96,06,976 while it has received total subscriptions of 2,98,87,557 shares. The company has offered 4% stakes of the company through an offer for sale.
The OFS issue is open for non-retail investors on August 2, while for retail investors the issue is open on Thursday, August 3, 2017. The floor price for the offer shall be Rs 64.75 per equity share. Retail investors will be allocated equity shares pursuant to the offer at a discount of 5% to the cut-off price in accordance with the SEBI OFS circulars.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.