Hindustan Copper FPO IPO: Review Analysis & Details of HCL Hindustan Copper FPO IPO

Many of you may have seen a new ad on the TV from Hindustan Copper Limited (HCL) with the title song "Copper ka Rang". Dont be surprised by such ad entry, because this ad is to promote the FPO or follow-on public offer of the another government owned healthy company called Hindustan Copper Limited. Investors who are interested in applying for this FPO or IPO should note that this is NOT an IPO, rather it is an FPO since the Hindustan Copper Shares are already listed on the stock exchanges. As reported earlier, the Coal India IPO was a huge success a few days back, and then we have a Power Grid FPO IPO: Review Analysis & Details and Manganese Ore IPO: Review Analysis & Details. All these were and are expected to be great success so the government has decided to come out with the follow-on public offer for Hindustan Copper.
In this article, we will look at the Review, Analysis and Details of the Hindustan Copper FPO and try to do the Review and analysis of Hindustan Copper FPO.

Hindustan Copper FPO: Review Analysis & Details

Some basic details first about the Hindustan Copper FPO, which are available as of now:

- The size of Hindustan Copper IPO is expected to be between around 4000 Crore Rupees
- Yesterday's closing price of existing Hindustan Copper shares on BSE was Rs. 407 down about 8%. This stock has been taking a big hit in recent times because of this FPO, as the FPO price is likely to be very less.
- The FPO price of Hindustan Copper is expected to be around 200 Rs. but no confirmation as of yet.
- What this means for the investors is that if instead of buying exisitng shares in open market, you can apply for this FPO and get the same shares at a much discounted price. However, whether an investor will be allocated shares in FPO is not certain, as it will depend upon the no. of bids & applications received.

What is the issue size of the Hindustan Copper IPO?
Around 4000 Crore Rupees is the size of the FPO.
What is the price band of Hindustan Copper IPO?
It is reported that the recommended price band for Hindustan Copper IPO might be around 200 Rs. per share. No official confirmation as of yet.

How many shares will be sold in the Hindustan Copper IPO?
The total no. of shares to be sold through this IPO is a total of 18.39 crore shares.

What is the trading symbol & exchange for the Hindustan Copper IPO
No info about that

What are the IPO dates for Hindustan Copper IPO
The Hindustan Copper IPO FPO dates are expected to be December 6, 2010.

Any ratings given to Hindustan Copper IPO?
No information about that.

What are the analysts recommendations and business results for Hindustan Copper IPO?
First the good news for retails investors - retail investors will get a 5% discount on this FPO since it is a government owned company. The same discount applies for Hindustan Copper Employees as well. The employees will also get the 5% discount.
Another good news is that the retail investors can now bid with the 2 Lakh upper limit. So wealthy rich guys can give a shot with more money

Whether to invest in this company or not is the big question. Most of the market experts believe that the company has very good fundamentals. It has the distinction of being the nation’s only vertically integrated copper producing company as it manufactures copper right from the stage of mining to beneficiation, smelting, refining and casting of refined copper metal into downstream saleable products.
The pricing of this FPO will be the most important criteria for this FPO subscription. See Hindustan Copper FPO IPO: Market Experts Recommendations