Hindustan Zinc OFS Opens: Vedanta to sell 1.6% stake; Check floor price, dates, eligibility details

Vedanta Ltd has announced an offer for sale (OFS) of its shares in subsidiary Hindustan Zinc Ltd (HZL) ahead of its proposed 1:5 demerger. The metal major will offload up to 1.59 per cent stake in Hindustan Zinc, valued at around Rs 4,500 crore.

OFS size and structure

Vedanta has approved the sale of up to 6.7 crore equity shares of Hindustan Zinc, representing 1.59 per cent of the company’s paid-up equity capital.

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Base offer:

- 3.35 crore shares or 0.79 per cent stake

- To be sold on January 28

Oversubscription option:

- Up to 3.35 crore additional shares or 0.79 per cent stake

- To be exercised on January 29

- In value terms, the total offer is estimated at around Rs 4,500 crore.

OFS dates and timing

The offer for sale will be conducted through the stock exchange mechanism.

- January 28, 2026: 9:15 am to 3:30 pm

- January 29, 2026: Final day for bidding

Floor price and market context

The floor price for the OFS has been fixed at Rs 685 per share.

This is a discount of about 5.7 per cent to Hindustan Zinc’s closing price of Rs 726.60 on January 27, 2026.

Hindustan Zinc shares hit a fresh all-time high of Rs 731.10 in the previous session.

The company’s market capitalisation stands at around Rs 3,07,011.68 crore, higher than Vedanta’s market cap of about Rs 2,75,936.53 crore.

Who can bid on January 28

Only non-retail investors can place bids on January 28.

As per the company’s filing

- Non-retail investors may choose to carry forward their unallotted bids to January 29.

- These investors can also revise their bids on the second day.

- At least 25 per cent of the OFS is reserved for mutual funds and insurance companies.

- Any undersubscription in this category will be allocated to other non-retail investors.

- Non-retail investors include institutions, mutual funds, insurers, companies and high-net-worth individuals bidding above Rs 2 lakh.

What retail investors need to know for January 29

On January 29, the OFS will open for:

- Retail investors

- Non-retail investors who carried forward unallotted bids from January 28

- Retail investors are defined as individuals bidding for shares worth not more than Rs 2 lakh.

- A minimum 10 per cent of the OFS is reserved for retail investors.

- No separate discount is offered to the retail category.

- Any unsubscribed retail portion after allotment will be eligible for allocation to non-retail investors who opted to carry forward their bids.

Vedanta share price

Vedanta Ltd stock is currently trading at Rs 736.70. The share price is up Rs 31.25, or 4.43 per cent, in today’s session.

Hindustan Zinc share price

Hindustan Zinc Ltd stock is currently trading at Rs 727.15. The stock is marginally lower by Rs 0.05, or 0.0069 per cent.