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.

Hindustan Aeronautics IPO Details

Issue Open	Mar 16, 2018 - Mar 20, 2018
Issue Type	Book Built Issue IPO
Issue Size	34,107,525 Eq Shares of Rs 10 (aggregating up to Rs 4,144.06 Cr)
Offer for Sale	34,107,525 Eq 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
Min Order Quantity	12 Shares
Listing At	BSE, NSE

Hindustan Aeronautics IPO Tentative Date / Timetable

Bid/Offer Opens On	Mar 16, 2018
Bid/Offer Closes On	Mar 20, 2018
Finalisation of Basis of Allotment	Mar 26, 2018
Initiation of Refunds	Mar 27, 2018
Credit of Shares to Demat Acct:	Mar 27, 2018
IPO Shares Listing Date:	Mar 28, 2018

Retail & Employee Discount

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

Hindustan Aeronautics IPO Subscription Status (Bidding Detail)

Hindustan Aeronautics IPO how much subscribed?
	No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time	QIB	NII	RII	Employee	Total
Shares Offered	16,719,374	5,015,813	11,703,563	668,775	34,107,525
Mar 20, 2018 17:00	1.73x	0.03x	0.39x	0.21x	0.99x

Hindustan Aeronautics IPO Prospectus

› Draft Prospectus
› Red Herring Prospectus

Hindustan Aeronautics IPO Rating

547

3.9

Rating:

Vote Here ...

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 Reviews / Ratings

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Company Contact Information

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/

Hindustan Aeronautics IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

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

Hindustan Aeronautics IPO Lead Manager(s)

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Hindustan Aeronautics IPO Review / Comments

221. Uchit Patel Apr 7, 2018 07:50

7 |

IPO Mentor (500+ Posts, 1300+ 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.

220. soni dh Apr 5, 2018 16:50

now how many times hold to HAL ?? can any buddy answer do???

219. Shareking The BuLLz EyE Apr 3, 2018 22:44

3 |

Top Contributor (400+ Posts, 500+ Likes)

hope HAL doesn't become HELL

;-)

219.1. Cool Sunshine Apr 4, 2018 13:55

I would like to thank you buddy for the warning. Very considerate post. :-) Appreciate it.

219.2. Shareking The BuLLz EyE Apr 4, 2018 14:45

1 |

Top Contributor (400+ Posts, 500+ Likes)

i was just kiddin
the stock is really good for long term

218. Cool Sunshine Mar 29, 2018 13:57

5 |

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?

218.1. Cool Sunshine Apr 4, 2018 13:56

2 |

No feedback even from devout believers in this stock. Will keep the stock under observation for much longer duration before taking a call.

218.2. Huzefa Apr 13, 2018 05:59

Top Contributor (300+ 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.

217. Anarchist Mar 28, 2018 17:28

7 |

IPO Mentor (500+ Posts, 1300+ 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...

216. Anarchist Mar 28, 2018 17:08

6 |

IPO Mentor (500+ Posts, 1300+ 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

215. Anjaan Mar 28, 2018 16:28

4 |

आदरणीय जेटली जी की तरफ से निवेशकों को इस साल का अंतिम उपहार।
जय जेटली।

214. IPO ipo Mar 28, 2018 15:47

1 |

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.:)

213. Nick S Mar 28, 2018 14:45

Should i hold or sell? Please suggest

212. Cool Sunshine Mar 28, 2018 14:04

4 |

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%.

211. IPOANALYSIS Mar 27, 2018 23:36

1 |

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.

211.1. RBA Mar 28, 2018 10:51

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.

211.2. Jayanth Mar 28, 2018 13:23

What more ? You have to execute them sometime.

210. blogece Mar 28, 2018 09:25

Current trading 925/- HAL. Will it indicates listing price as same

210.1. blogece Mar 28, 2018 12:20

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

209. ManojK Mar 28, 2018 11:25

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?

Load more comments (2 replies)

209.3. Naimesh G Mar 28, 2018 11:40

1 |

Mr. Manoj, price was fixed at lower band i.e. 1215/- and Rs. 25 discount so it comes to 1190/-.

209.4. ManojK Mar 28, 2018 11:45

1 |

@Naimesh G, I got my answer. Thank you very much.

208. Newbie Mar 28, 2018 11:20

3 |

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.

207. Jd patel Mar 28, 2018 10:54

1 |

Shoulf hold for 1 year, 2 application or exit at cmp or wait for some listing gain? Pls suggest.

207.1. RBA Mar 28, 2018 10:55

Hold

206. Cool Sunshine Mar 28, 2018 10:38

3 |

First they ignore you,
then they laugh at you,
then they fight you,
then you win.

---- Mahatma Gandhi

205. ManishDwiv Mar 28, 2018 10:21

Buyers coming in HAL

205.1. VALUE INVESTOR Mar 28, 2018 10:30

IPO Mentor (800+ Posts, 500+ Likes)

Artificial buyers only for trapping purpose

204. shaakaal Mar 28, 2018 10:08

IPO Mentor (700+ Posts, 1600+ Likes)

midhani also confirm 5% down at least

203. VALUE INVESTOR Mar 28, 2018 10:07

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.....

202. VALUE INVESTOR Mar 28, 2018 10:06

3 |

IPO Mentor (800+ Posts, 500+ Likes)

If you own this share, then sell it. Not sure if it will go in downward spiral like GIC and new india. Be safe with your money.

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