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
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.
| 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.
| IPO Date | Mar 16, 2018 - Mar 20, 2018 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 34,107,525 Eq Shares of ₹10 (aggregating up to ₹4,144.06 Cr) |
| Offer for Sale | 34,107,525 Eq Shares of ₹10 (aggregating up to ₹[.] Cr) |
| Face Value | ₹10 Per Equity Share |
| IPO Price | ₹1215 to ₹1240 Per Equity Share |
| Market Lot | 12 Shares |
| Min Order Quantity | 12 Shares |
| Listing At | BSE, NSE |
| 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 |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 12 | ₹14,880 |
| Maximum | 13 | 156 | ₹193,440 |
Rs 25 Per Share discount is offered to Retail & Employee investors
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 |
| Listing Date | Wednesday, March 28, 2018 |
| BSE Script Code | 541154 |
| NSE Symbol | HAL |
| Listing In | B |
| ISIN | INE066F01012 |
| IPO Price | ₹1215 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
|
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/
Karvy Computershare Private Limited
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 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 price of the IPO is ₹1215 to ₹1240 Per Equity Share. The minimum order quantity is 12 Shares per application and the offer type is Book Built Issue.
The IPO opens on Mar 16, 2018 and closes on Mar 20, 2018.
Karvy Computershare Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Hindustan Aeronautics IPO opens on Mar 16, 2018 and closes on Mar 20, 2018.
Hindustan Aeronautics IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
The finalization of Basis of Allotment for Hindustan Aeronautics IPO will be done on Mar 26, 2018, and the allotted shares will be credited to your demat account by Mar 27, 2018. Check the Hindustan Aeronautics IPO allotment status.
Hindustan Aeronautics IPO lot size is 12 Shares and the minimum order quantity is 12 Shares.
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