The five-nation international roadshow for the proposed Rs 4,000-crore FPO of Hindustan Copper Ltd (HCL) will begin next week, a top company official said.
HCL Chairman and Managing Director Shakeel Ahmed told PTI that the roadshow starting next week would take place in the US, UK, Australia, Hong Kong and Singapore.
The pre-issue roadshow was held in the UK, Singapore, Australia, Hong Kong and Mumbai.
The follow-on public offer (FPO) is scheduled to open on December 6 and close on December 9.
Asked about the company's plan on anchor investor, Ahmed said it would be decided a week before the issue opens.
In the 20 per cent equity share sale, the government is offloading 10 per cent of its stake while the company would issue fresh equity in the same proportion.
Also Read
HCL's 0.41 per cent stake is already with the public. The proposed FPO will see the government holding coming down to 81.45 per cent from 99.59 per cent at present.
HCL had reported a nearly four-fold jump in its second quarter profit to Rs 56.21 crore.
The main reason for the buoyancy in profit was copper prices, higher production and our decision to exit from certain low margin and riskier businesses," Ahmed had said earlier.