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Hindustan Aeronautics Limited IPO (Hindustan Aeronautics IPO) Detail

Mar 16, 2018 - Mar 20, 2018

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

Company Promoters:

Promoter of HAL is the President of India, acting through the Department of Defence Production, Ministry of Defence.

The promoter currently holds, 100% of the pre-Offer paid-up Equity Share capital of the Company. Assuming the sale of all Offered Shares, the Promoter shall hold around 90% of the post-Offer paid-up Equity Share capital of the Company.

Company Financials:

Summary of financial Information (Restated)
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

Objects of the Issue:

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.

Issue Detail:

  »»  Issue Open: Mar 16, 2018 - Mar 20, 2018
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size: 34,107,525 Equity Shares of Rs 10 aggregating up to Rs 4,144.06 Cr
    ›  Offer for Sale of 34,107,525 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

Retail & Employee Discount

Rs 25 Per Share discount is offered to Retail & Employee investors

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Hindustan Aeronautics IPO Subscription Status / Live Bidding Status

Hindustan Aeronautics IPO Subscription Status tells if Hindustan Aeronautics IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Hindustan Aeronautics IPO oversubscribed if bids are received for more shares than what is offered by the company.

Hindustan Aeronautics IPO - How Many Times Subscribed?
Number of Times Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIIEmployeeTotal
Shares Offered / Reserved16,719,3745,015,81311,703,563668,77534,107,525
Day 1 - Mar 16, 2018 17:00 IST0.43000.01000.07000.03000.2400
Day 2 - Mar 19, 2018 17:40 IST0.76000.01800.20000.11000.4460
Day 3 - Mar 20, 2018 17:00 IST1.73000.03000.39000.21000.9900

Hindustan Aeronautics IPO Prospectus

Hindustan Aeronautics IPO Rating

547
3.9
Rating:Rated 3.9 stars

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Hindustan Aeronautics IPO Listing Date

  •   ›  Listing Date: Wednesday, March 28, 2018
  •   ›  BSE Script Code: 541154
  •   ›  NSE Symbol: HAL
  •   ›  Listing In: B
  •   ›  ISIN: INE066F01012
  •   ›  Issue Price: Rs 1215 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE
Rs 1,215.00
Rs 1,169.00
Rs 1,117.60
Rs 1,184.00
Rs 1,128.35
216,641
NSE
Rs 1,215.00
Rs 1,152.00
Rs 1,121.00
Rs 1,184.95
Rs 1,132.85
1,692,143

Hindustan Aeronautics IPO News Alerts

  1. Wednesday, March 28, 2018 12:00:00 AM
    Hindustan Aeronautics IPO Listing Date & Info
  2. Tuesday, March 27, 2018 12:00:00 AM
    Hindustan Aeronautics IPO Allotment Status
  3. Tuesday, March 20, 2018 12:00:00 AM
    Hindustan Aeronautics IPO Closes on Mar 20, 2018
  4. Friday, March 16, 2018 12:00:00 AM
    Hindustan Aeronautics IPO Opens on Mar 16, 2018

Company Contact Information

Hindustan Aeronautics Limited
15/1 Cubbon Road,
Bengaluru 560 001

Phone: +91 (80) 2232 0001
Fax: +91 (80) 2232 0758
Email: investors@hal-india.com
Website: http://www.hal-india.com/

Hindustan Aeronautics IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: hal.ipo@karvy.com
Website: http://karisma.karvy.com

Hindustan Aeronautics IPO Lead Manager(s)

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Hindustan Aeronautics IPO Review / Comments

avatar
221. Cool Sunshine  Mar 29, 2018 1:57:39 PM IST I Like It. 6 | Report Abuse Reply
I am exploring HAL for long term investment as post listing price is lower than issue price.
Seeking opinion on what should be the entry price and what should be the expected investment horizon for minimum 20% return?
avatar
221.1. Cool Sunshine  Apr 4, 2018 1:56:16 PM IST I Like It. 2 | Report Abuse
No feedback even from devout believers in this stock. Will keep the stock under observation for much longer duration before taking a call.
avatar
221.2. Huzefa  Apr 13, 2018 5:59:13 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Fantastic Balance Sheet ,Very good order book, Good Dividend payouts. 1085 is the dream price to enter this Gem before institutions and HNI eye this script.
avatar
220. Uchit Patel  Mar 15, 2018 7:22:04 PM IST I Like It. 12 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 1100+ Likes)
HAL IPO:
- Good order book
- Good profit ratio
- Monopoly in business
- Good cash
- Will be good dividend player

Conclusion:
Don''t think anything. Apply for long term.
I am applying this IPO.
avatar
220.2. Cool Sunshine  Apr 6, 2018 9:37:40 PM IST I Like It. | Report Abuse
Dear Uchit Patel,

Recent this ID Mastram put an allegation on me in "Mishardhatu Forum" saying "See HAL forum, how he indirectly brought down Uchit patel ".

I request you to please let the forum know if and how I have brought you down.

Please write in the forum openly. From the bottom of my heart, I want to understand.

avatar
220.3. Cool Sunshine  Apr 7, 2018 11:00:18 AM IST I Like It. 1 | Report Abuse
Dear Uchit Patel,

I have reached you by posting in your thread, as I am exploring the possibility and value to enter this stock for long term and you are one of the person who clearly showed support for the stock for long term investing. I thought you may have some additional information which will help me in deciding at what price I should enter the stock post IPO listing. I did not apply in the stock as I did not wish to risk myself with IPO uncertainties when I am not expecting any significant listing gains.

Above has been my only intentions from bottom of my heart. If still my post in your thread has hurt you anyway, I unconditionally apologize for the same.
avatar
219. Uchit Patel  Apr 7, 2018 7:50:56 AM IST I Like It. 7 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 1100+ Likes)
All,

I don't have any problem from anyone's comments. Everyone has right to express his/her views.
I request everyone try to not blame anyone. Respect everyone's views. We have many new investors and they want to learn investment. This is stock market. No one is God. No one can predict future of stock market perfectly.
avatar
218. soni dh  Apr 5, 2018 4:50:49 PM IST I Like It. | Report Abuse Reply
now how many times hold to HAL ?? can any buddy answer do???
avatar
217. Shareking The BuLLz EyE  Apr 3, 2018 10:44:47 PM IST I Like It. 3 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
hope HAL doesn't become HELL

;-)
avatar
217.1. Cool Sunshine  Apr 4, 2018 1:55:06 PM IST I Like It. | Report Abuse
I would like to thank you buddy for the warning. Very considerate post. :-) Appreciate it.
avatar
217.2. Shareking The BuLLz EyE  Apr 4, 2018 2:45:17 PM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
i was just kiddin
the stock is really good for long term
avatar
216. Anarchist  Mar 28, 2018 5:28:10 PM IST I Like It. 7 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 900+ Likes)
No head of a nation with technological prowess could be tricked into transferring their highly classified tech in lieu of orders or tax concessions.. .

Nothing apart from the commonly available, safe to transfer kind of technology can be shared...and nothing is made anywhere other than the contry responsible for such innovations...

Turkey manufactures choppers under the license from Augusta Westland, A third world, undereducated, bankrupt, failed state like Pakistan too manufactures trainer jets and 4th gen, JF 17 thunder jets n collaboration with their Chinese godfathers...

Every second country in the world has their own version of 'Make in' slogan..

The only thing that matters is whether or not the promoter entity is desirous of investor welfare and growth...Their can"t be an investment argument in the absence of a clear and convincing,step by step road map to growth...


avatar
215. Anarchist  Mar 28, 2018 5:08:24 PM IST I Like It. 6 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 900+ Likes)
'Elections are around the corner and I'm sure, THEY' shall remain incumbent.A renewed, scathing attack on the investor"s wealth could then be launched with nothing to worry over...

Last night, THEY propped up the treasuries by announcing shockingly low bond issuance guidance in the 1st half of this fiscal...That's despite the scarily high current account deficit..Absurd as it must sound, the move was purely aimed at making the yields collapse in a artificial manner.....So that the central bank with a hawkish stance could be made to bend over backwards....One, just one bad monsoon..and I see this NIFTY below 7 or even 6,000
avatar
214. Anjaan  Mar 28, 2018 4:28:48 PM IST I Like It. 4 | Report Abuse Reply
आदरणीय जेटली जी की तरफ से निवेशकों को इस साल का अंतिम उपहार।
जय जेटली।
avatar
213. IPO ipo  Mar 28, 2018 3:47:11 PM IST I Like It. 1 | Report Abuse Reply
Yet another flop IPO. Since most people try to make a quick buck during IPO, the real value is never seen till one year. But the government's greed is obvious. Government should have provided a safety net for the investors - like the Just Dial IPO few years back. Does this government or any government care for RII?

From a retail investor perspective, the stock is down about 5% from the allotted price. RIIs have seen super listing in many cases. But if you cant take a 10-15% loss, better to stay away from Stock market.:)
avatar
212. Nick S  Mar 28, 2018 2:45:23 PM IST I Like It. | Report Abuse Reply
Should i hold or sell? Please suggest
avatar
211. Cool Sunshine  Mar 28, 2018 2:04:59 PM IST I Like It. 4 | Report Abuse Reply
Dividend itself should not be the only reason to invest in a company.

HAL Dividend history on face value of INR10

YEAR-----------DIV PER SHARE (INR)

FISCAL 17----22
FISCAL 16----17
FISCAL 15----10
FISCAL 14----18
FISCAL 13----68

Even if last year per share dividend is retained this year (unlikely), INR 22 on face value of 1190 which comes to 1.85%.
avatar
210. IPOANALYSIS  Mar 27, 2018 11:36:16 PM IST I Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
KEEP HOLDING THIS STOCK FOR LONG TERM . IT WILL BE A MULTIBAGGER IN LONG RUN. IN LISTING IT MAY NOT HAVE GAINS BUT SLOWLY AND STEADILY THIS STOCK WILL MOVE HIGHER IN COMING DAYS.
ORDER OF 68000 CRORE. WHAT ELSE DO YOU NEED IN A COMPANY

As of December 31, 2017, HAL's order book was Rs. 68461 crore which generally includes products and services to be manufactured and delivered and excludes anticipated revenues from joint ventures and subsidiaries.
avatar
210.1. RBA  Mar 28, 2018 10:51:27 AM IST I Like It. | Report Abuse
Plus it is a good dividend paying company.
Price is low only due to negactive sentiment around PSU. If this was a private company with the same financials it would have been a different story.
avatar
210.2. Jayanth  Mar 28, 2018 1:23:30 PM IST I Like It. | Report Abuse
What more ? You have to execute them sometime.
avatar
209. blogece  Mar 28, 2018 9:25:16 AM IST I Like It. | Report Abuse Reply
Current trading 925/- HAL. Will it indicates listing price as same
avatar
209.1. blogece  Mar 28, 2018 12:20:38 PM IST I Like It. | Report Abuse
Happy that trading around 1167/- As company fundamentals are good even in bad market conditions and low subscription rate 99% and issued @lower limit. i hope retailers can feel some what happy compared to BDL
avatar
208. ManojK  Mar 28, 2018 11:25:19 AM IST I Like It. | Report Abuse Reply
Hello Friends, I am new to stock market. I applied for HAL stock at cut-off price of Rs.1240/- for 2 lots of 24 shares. I have been allotted 24 shares at Rs. 1190/-. Is it normal?
avatar
208.3. Naimesh G  Mar 28, 2018 11:40:52 AM IST I Like It. 1 | Report Abuse
Mr. Manoj, price was fixed at lower band i.e. 1215/- and Rs. 25 discount so it comes to 1190/-.
avatar
208.4. ManojK  Mar 28, 2018 11:45:07 AM IST I Like It. 1 | Report Abuse
@Naimesh G, I got my answer. Thank you very much.
avatar
207. Newbie  Mar 28, 2018 11:20:04 AM IST I Like It. 3 | Report Abuse Reply
On behalf on the Nation, I thank all investors for "Contributing Toward Vikas".

In future also it will be made sure that you get more such opportunity to Contribute.

Once again thanks everyone.
avatar
206. Jd patel  Mar 28, 2018 10:54:43 AM IST I Like It. 1 | Report Abuse Reply
Shoulf hold for 1 year, 2 application or exit at cmp or wait for some listing gain? Pls suggest.
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206.1. RBA  Mar 28, 2018 10:55:54 AM IST I Like It. | Report Abuse
Hold
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205. Cool Sunshine  Mar 28, 2018 10:38:49 AM IST I Like It. 3 | Report Abuse Reply
First they ignore you,
then they laugh at you,
then they fight you,
then you win.

---- Mahatma Gandhi
avatar
204. ManishDwiv  Mar 28, 2018 10:21:55 AM IST I Like It. | Report Abuse Reply
Buyers coming in HAL
avatar
204.1. VALUE INVESTOR  Mar 28, 2018 10:30:12 AM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Artificial buyers only for trapping purpose
avatar
203. shaakaal  Mar 28, 2018 10:08:05 AM IST I Like It. | Report Abuse Reply
midhani also confirm 5% down at least
avatar
202. VALUE INVESTOR  Mar 28, 2018 10:07:23 AM IST I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Volumes are very low, maybe LIC is sitting on big pile of shares.
When volumes are low, fall also will be brutal.....
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