Description

Schedule of activities for Offer for Sale of 6.70 crore shares of Hindustan Zinc Limited on January 28-29, 2026, with detailed bidding timelines and allocation methodology.

Summary

BSE announces the schedule for Offer for Sale (OFS) of Hindustan Zinc Limited shares on January 28-29, 2026. The OFS comprises a base offer of 3.35 crore shares with an oversubscription option of another 3.35 crore shares (total 6.70 crore shares). The floor price is set at Rs 685 per share. Day 1 (January 28) is reserved for Institutional, Mutual Fund, and Non-Institutional Investors, while Day 2 (January 29) is for Retail Investors and unallocated bidders from Day 1.

Key Points

  • Security Details: Hindustan Zinc Limited (Symbol: HINDZINC, Code: 500188, ISIN: INE267A01025)
  • Total Offer Size: 6.70 crore shares (3.35 crore base + 3.35 crore oversubscription option)
  • Floor Price: Rs 685 per share (Face Value: Rs 2)
  • Retail Reservation: 10% of issue size (67 lakh shares including oversubscription)
  • Non-Retail Portion: 6.03 crore shares (including oversubscription)
  • Market Lot: 1 share, Tick Size: Rs 0.05
  • Allocation Method: Price Priority Method
  • Oversubscription Decision: Seller to intimate stock exchanges by 5 PM on January 28, 2026

Bidding Schedule

Day 1 - January 28, 2026 (Wednesday)

  • Participants: Institutional Investors (IC/MF/OTHS) and Non-Institutional Investors (NII)
  • Bid Entry Period: 9:15 AM to 3:30 PM
  • Bid Modification/Cancellation: 9:15 AM to 3:30 PM
  • Settlement: T+1 (January 29, 2026)

Day 2 - January 29, 2026 (Thursday)

  • Participants: Retail Investors (RI/RIC) and unallocated bidders from Day 1
  • Bid Entry Period: 9:15 AM to 3:30 PM
  • Bid Modification/Cancellation: 9:15 AM to 3:30 PM
  • Give up/Take up for Institutional 0% Margin Bids: Until 7:30 AM on T+1
  • Settlement: T+2 (January 30, 2026)

Investor Categories and Margin Requirements

Retail Investors (RI/RIC)

  • Eligibility: Individual, HUF, NRI with bid value up to Rs 2 lakhs
  • Margin: 100% upfront in cash and cash equivalents
  • Bidding Day: T+1 (January 29, 2026)
  • Settlement: T+2 (January 30, 2026)

Non-Institutional Investors (NII)

  • Eligibility: Individuals, HUF, NRI with bid value above Rs 2 lakhs, Trusts, Body Corporates, PMS
  • Margin: 100% upfront in cash
  • Bidding Day: T (January 28, 2026)
  • Settlement: T+1 or T+2 if carried forward

Institutional Investors (MF/IC/OTHS)

  • Eligibility: Mutual Funds, Insurance Companies, FIIs, FIs, Banks
  • Margin Options: 100% upfront in cash OR 0% margin
  • Bidding Day: T (January 28, 2026)
  • Settlement: T+1 or T+2 if carried forward

Platform Access URLs

iBBS Platform

RTRMS

Extranet for Files (Members & Custodians)

Important Dates

  • January 27, 2026: Notice date
  • January 28, 2026 (T Day): Institutional and Non-Institutional bidding; Oversubscription decision by 5 PM
  • January 29, 2026 (T+1 Day): Retail bidding and carryforward bids; Give up/Take up until 7:30 AM
  • January 30, 2026 (T+2 Day): Final Give up/Take up for 0% margin institutional bids until 7:30 AM

Compliance Requirements

  • Trading Members and Custodian Members must note the schedule and facilitate bidding for respective investor categories
  • Retail investors limited to bid value of Rs 2 lakhs per investor
  • All bidders must provide upfront margin as specified for their category
  • Institutional investors opting for 0% margin must complete Give up/Take up process by specified deadlines
  • Members must access OFS module through designated BSE platforms (iBBS/RTRMS)
  • For leased line access, refer to Exchange Circular No. 20170503-12

Impact Assessment

Market Impact: High - The OFS of up to 6.70 crore shares represents a significant supply event for Hindustan Zinc stock. At the floor price of Rs 685, the total offering is valued at approximately Rs 4,589.50 crore, making it a substantial institutional divestment that could impact stock price and liquidity.

Investor Impact: The structured two-day bidding process ensures fair access across investor categories. The 10% retail reservation with separate bidding day protects retail participation. Price priority allocation method favors higher bids, encouraging competitive pricing. Institutional investors have flexibility with 0% margin option, while retail investors must provide full upfront payment.

Impact Justification

Large-scale OFS of 6.70 crore shares worth approximately Rs 4,589 crore at floor price, significant market activity with structured institutional and retail participation across two trading days