The two-day Offer for Sale opened today with 5.18 crore shares reserved for non-retail investors being put under the hammer.
At 1155 hrs, 6.49 crore shares or 125 per cent of the size reserved for non-retail investors was bid for, according to BSE data.
The government is selling a total of 6.47 crore equity shares at a floor price of Rs 62 a share. It holds 89.95 per cent stake in Hindustan Copper.
SBICAP Securities, ICICI Securities, Edelweiss Securities and Deutsche Equities India are acting as brokers for the sale, which is part of government's disinvestment plan to raise Rs 56,500 crore in current fiscal.
Disclaimer: No Business Standard Journalist was involved in creation of this content