Government of India (GOI) owned Defence Public Sector Undertakings (DPSU), Hindustan Aeronautics (HAL), is going to come out with its initial public offering (IPO) from 16 to 20 March 2018.
I am sure investors would be searching for all details about Hindustan Aeronautics (HAL) IPO which will help them to decide whether to invest or not in this IPO.
Hindustan Aeronautics (HAL) Company Profile :
Hindustan Aeronautics is engaged in the design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including, aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures.
Company’s operations are organised into five complexes, namely the Bangalore Complex, MiG Complex, Helicopter Complex, Accessories Complex, and Design Complex, which together include 20 production divisions and 11 research and design centres (R&D Centres) located across India.
Hindustan Aeronautics rely on indigenous research as well as enter into technology transfer and licence agreements to manufacture its products. In addition, it has entered into 13 commercial joint ventures to grow operations.
The company was conferred with the Navratna status by the GoI in June 2007 which provides it with strategic and operational autonomy and enhanced powers to make prompt investment decisions, subject to an overall investment ceiling set by the GoI.
Hindustan Aeronautics (HAL) Promoters:
Promoter of HAL is the President of India, acting through the Department of Defence Production, Ministry of Defence.
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Hindustan Aeronautics (HAL) IPO Detail :
Issue Open: Mar 16, 2018 – Mar 20, 2018
Issue Type: Book Built Issue IPO
Issue Size: 36,150,000 Equity Shares of Rs 10 aggregating up to Rs 4,482.60 Cr
Offer for Sale of 36,150,000 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
Face Value: Rs 10 Per Equity Share
Issue Price: Rs 1215 – Rs 1240 Per Equity Share
Market Lot: 12 Shares
Minimum Order Quantity: 12 Shares
Listing At: BSE, NSE
Important Dates of Hindustan Aeronautics (HAL) IPO :
Bid/Offer Opens On: March 16, 2018
Bid/Offer Closes On: March 20, 2018
Finalisation of Basis of Allotment: On or about March 26, 2018
Initiation of refunds: On or about March 27, 2018
Credit of Equity Shares to demat accounts: On or about March 27, 2018
Commencement of trading of the Equity Shares on the Stock Exchanges: On or about March 28, 2018
IPO Issue Allocation :
- Qualified institutional buyers (QIBs) – 50% of the offer.
- Non-institutional bidders – 15% of the offer.
- Retail individual bidders – 35% of the offer.
Hindustan Aeronautics (HAL) IPO Subscription Details :
|Category||Shares offered||Subscription (no. of times)|
|Day 1||Day 2||Day 3|
Download Red Herring Prospectus of Hindustan Aeronautics (HAL) IPO :
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Grey Market Premium (GMP) of Hindustan Aeronautics (HAL) :
Currently the Grey Market Premium of Hindustan Aeronautics (HAL) is around 30 – 40 Rs. per share.
Company Contact Information :
Hindustan Aeronautics Limited
15/1 Cubbon Road,
Bengaluru 560 001
Phone: +91 (80) 2232 0001
Fax: +91 (80) 2232 0758
Hindustan Aeronautics IPO Registrar :
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Hindustan Aeronautics IPO Lead Manager(s) :
1. Axis Capital Limited
2. SBI Capital Markets Limited
Hindustan Aeronautics (HAL) IPO Allotment Status :
You would be able to check the allotment status i.e., whether you have got the shares of Hindustan Aeronautics or not by vising the website of Registrar of the Issue which in this case is Alankit.
Check Hindustan Aeronautics IPO Allotment Status @ Check Hindustan Aeronautics IPO Allotment Online