Description

NSE announces Offer for Sale of up to 3.35 crore equity shares of Hindustan Zinc Limited on January 28-29, 2026, with floor price of Rs. 685 per share through eOFS platform.

Summary

National Stock Exchange of India Limited has announced a proposed Offer for Sale (OFS) of equity shares of Hindustan Zinc Limited scheduled for January 28-29, 2026. The base offer size is up to 3,35,00,000 equity shares of face value Rs. 2 each, with an additional oversubscription option of up to 3,35,00,000 shares. The floor price is set at Rs. 685 per share. The OFS will be conducted through NSE’s eOFS platform in accordance with the Interoperability among Clearing Corporations implementation scheme.

Key Points

  • Base offer size: Up to 3.35 crore equity shares (face value Rs. 2 each)
  • Oversubscription option: Additional 3.35 crore equity shares
  • Floor price: Rs. 685 per share
  • Market lot: 1 equity share
  • Tick size: Re. 0.05
  • Trading symbol: HINDZINC (ISIN: INE267A01025)
  • Two series available: IS (Non-retail category) and RS (Retail category with bid value ≤ Rs. 2 lakhs)
  • All eligible Capital Market segment trading members can participate
  • Seller may exercise oversubscription option by 5:00 PM on January 28, 2026

Regulatory Changes

The OFS will be conducted in accordance with the Exchange Scheme circular NSE/CMTR/60811 dated February 21, 2024, regarding implementation of Interoperability among Clearing Corporations.

Compliance Requirements

  • UCC Compliance: Trading members must ensure compliant Unique Client Code (UCC) of self (PRO) and clients are updated in the Unique Client Identification (UCI) system a day prior to the OFS bidding session
  • Admin User IDs: Members without admin user IDs must provide details on ENIT portal (https://enit.nseindia.com/MemberPortal/) following the path: ENIT-NEW-TRADE→Membership→Enablement→eOFS
  • Request Processing Times: Admin user creation requests processed at 11:00 AM, 2:00 PM, and 3:00 PM; requests after 3:00 PM processed next day by 8:45 AM
  • UCCs Identified as Compliant: Only UCCs identified as compliant by the Exchange at 22:00 hrs on the previous day will be permitted to trade on the next bidding day
  • Collateral Sufficiency: Members must ensure sufficient collaterals before initiating carry forward of orders on T+1 day; rejected orders cannot be placed again
  • Platform Access: eOFS platform URL: https://eofs.nseindia.com
  • API Documentation: Latest eOFS WEB API document available at NSE trade platform services page

Important Dates

  • Circular Date: January 27, 2026
  • OFS Bidding Dates: January 28, 2026, and January 29, 2026
  • Oversubscription Decision Deadline: On or before 5:00 PM on January 28, 2026
  • UCC Compliance Cutoff: Members/clients must have compliant UCC updated a day prior to bidding session; UCCs updated on bidding day will not be accepted

Impact Assessment

Market Impact: The OFS of Hindustan Zinc Limited represents a significant equity offering with potential volume of up to 6.7 crore shares (including oversubscription option), valued at approximately Rs. 4,589 crores at floor price. This large-scale offering may impact HINDZINC stock liquidity and price discovery during the bidding sessions.

Trading Member Impact: All Capital Market segment trading members can participate, but must ensure strict compliance with UCC requirements and admin user setup through ENIT portal. The day-prior compliance cutoff creates operational urgency for members and their clients.

Operational Impact: The implementation follows the Interoperability among Clearing Corporations scheme, requiring members to be familiar with eOFS platform functionality, margin requirements for carry-forward orders, and two-category bidding structure (retail vs. non-retail). Members should refer to Annexure 3 of circular NSE/CMTR/43529 dated February 13, 2020, for features and limit settings.

Investor Impact: Retail investors (bid value ≤ Rs. 2 lakhs) have dedicated RS series access, with low entry barrier of 1 share market lot and small tick size of Re. 0.05, enabling broad participation in the OFS.

For technical queries, members can contact the helpdesk toll-free number: 1800 266 00 50 (Option 1) or email: msm@nse.co.in.

Impact Justification

Significant OFS event for Hindustan Zinc with substantial share volume (up to 6.7 crore shares including oversubscription), but limited to 2-day trading window with specific participation requirements for trading members.