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Hindustan Aeronautics IPO is a book built issue of Rs 4,144.06 crores. The issue is entirely an offer for sale of 3.41 crore shares.
Hindustan Aeronautics IPO bidding started from March 16, 2018 and ended on March 20, 2018. The allotment for Hindustan Aeronautics IPO was finalized on Monday, March 26, 2018. The shares got listed on BSE, NSE on March 28, 2018.
Hindustan Aeronautics IPO price band is set at ₹1215 to ₹1240 per share. The minimum lot size for an application is 12 Shares. The minimum amount of investment required by retail investors is ₹14,880.
Axis Capital Limited and SBI Capital Markets Limited are the book running lead managers of the Hindustan Aeronautics IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Hindustan Aeronautics IPO RHP for detailed information.
| IPO Date | March 16, 2018 to March 20, 2018 |
| Listing Date | March 28, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹1215 to ₹1240 per share |
| Lot Size | 12 Shares |
| Total Issue Size | 34,107,525 shares (aggregating up to ₹4,144.06 Cr) |
| Offer for Sale | 34,107,525 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 334,387,500 |
| Share holding post issue | 334,387,500 |
Hindustan Aeronautics IPO offers 34,107,525 shares. 16,719,374 (49.02%) to QIB, 5,015,813 (14.71%) to NII, 11,703,563 (34.31%) to RII, 668,775 (1.96%) to employees. 975,296 RIIs will receive minimum 12 shares and (sNII) and (bNII) will receive minimum 168 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 16,719,374 (49.02%) | NA |
| NII (HNI) Shares Offered | 5,015,813 (14.71%) | |
| Retail Shares Offered | 11,703,563 (34.31%) | 975,296 |
| Employee Shares Offered | 668,775 (1.96%) | NA |
| Total Shares Offered | 34,107,525 (100%) |
Hindustan Aeronautics IPO opens on March 16, 2018, and closes on March 20, 2018.
| IPO Open Date | Friday, March 16, 2018 |
| IPO Close Date | Tuesday, March 20, 2018 |
| Basis of Allotment | Monday, March 26, 2018 |
| Initiation of Refunds | Tuesday, March 27, 2018 |
| Credit of Shares to Demat | Tuesday, March 27, 2018 |
| Listing Date | Wednesday, March 28, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 20, 2018 |
Investors can bid for a minimum of 12 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 12 | ₹14,880 |
| Retail (Max) | 13 | 156 | ₹193,440 |
| Lot Size Calculator | |||
Incorporated in 1963, Hindustan Aeronautics Limited (HAL) is Bengaluru based Defence Public Sector Undertakings (DPSU) company 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. HAL is 'Navratna' company since June 2007and the largest DPSU. HAL is the 39th largest aerospace company in the world in terms of revenue.
Company has 20 production divisions and 11 R&D centres located across India. Indian Defense Services is the main customer of HAL and account for over 93% of sales. HAL also sell its products and provide services to state governments, para-military forces and corporate.
Strengths of the company
1. Experience of over 5 decades in research, design and development, manufacturing and maintenance, repair and overhaul services.
2. Established track record in offering product life cycle support .
3. 11 dedicated R&D Centres. Company owns one trademark, seven patents, six design registrations and 44 copyrights.
4. Largest DPSU in terms of value of production
5. Diversified product portfolio which includes fighter aircraft, trainer aircraft, transport aircraft, military helicopter and civil helicopters and their engines, avionics and accessories
| Particulars | For the year/period ended (in Rs. million) | |||
|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | ||
| Total Assets | 515,523 | 565,319 | 624,203 | |
| Total Revenue | 195,969 | 187,548 | 173,620 | |
| Profit After Tax | 26,247 | 20,043 | 9,941 | |
Company will not receive any proceeds from the Offer and all proceeds shall go to the Selling Shareholder
The objects of the Offer are:
1. To carry out the disinvestment of 34,107,525 Equity Shares by the Selling Shareholder (President of India) constituting 10% of the Company’s pre-Offer paid up Equity Share capital the Company; and
2. To achieve the benefits of listing the Equity Shares on the Stock Exchanges.
[Dilip Davda] This is the first opportunity of an investment in a defense sector PSU having niche play in aeronautics with a good track record. Investors may consider investment for long term. Read detail review...
The Hindustan Aeronautics IPO is subscribed 0.99 times on March 20, 2018 5:00:00 PM. The public issue subscribed 0.39 times in the retail category, 1.73 times in the QIB category, and 0.03 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.73 |
| NII | 0.03 |
| Retail | 0.39 |
| Employee | 0.21 |
| Total | 0.99 |
Rs 25 Per Share discount is offered to Retail & Employee investors
| Listing Date | March 28, 2018 |
| BSE Script Code | 541154 |
| NSE Symbol | HAL |
| ISIN | INE066F01012 |
| Final Issue Price | ₹1215 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹1,215.00 |
| ₹1,169.00 |
| ₹1,117.60 |
| ₹1,184.00 |
| ₹1,128.35 |
| NSE |
|---|
| ₹1,215.00 |
| ₹1,152.00 |
| ₹1,121.00 |
| ₹1,184.95 |
| ₹1,132.85 |
Hindustan Aeronautics Limited
15/1 Cubbon Road,
Bengaluru 560 001
Phone: +91 (80) 2232 0001
Email: investors@hal-india.com
Website: http://www.hal-india.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: hal.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Hindustan Aeronautics IPO is a main-board IPO of 34,107,525 equity shares of the face value of ₹10 aggregating up to ₹4,144.06 Crores. The issue is priced at ₹1215 to ₹1240 per share. The minimum order quantity is 12 Shares.
The IPO opens on March 16, 2018, and closes on March 20, 2018.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Hindustan Aeronautics IPO opens on March 16, 2018 and closes on March 20, 2018.
Hindustan Aeronautics IPO lot size is 12 Shares, and the minimum amount required is ₹14,880.
You can apply in Hindustan Aeronautics IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Hindustan Aeronautics IPO will be done on Monday, March 26, 2018, and the allotted shares will be credited to your demat account by Tuesday, March 27, 2018. Check the Hindustan Aeronautics IPO allotment status.
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