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 Opening Date | Mar 16, 2018 |
| IPO Closing Date | Mar 20, 2018 |
| Issue Type | Book Built Issue IPO |
| 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 |
| 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) |
The Hindustan Aeronautics IPO open date is Mar 16, 2018, and the close date is Mar 20, 2018. The issue may list on Mar 28, 2018.
| IPO Open Date | Mar 16, 2018 |
| IPO Close Date | Mar 20, 2018 |
| Basis of Allotment Date | Mar 26, 2018 |
| Initiation of Refunds | Mar 27, 2018 |
| Credit of Shares to Demat Account | Mar 27, 2018 |
| IPO Listing Date | Mar 28, 2018 |
The Hindustan Aeronautics IPO market lot size is 12 shares. A retail-individual investor can apply for up to 13 lots (156 shares or ₹193,440).
| 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
The Hindustan Aeronautics IPO is subscribed 0.99x times on Mar 20, 2018 17:00. The public issue subscribed 0.39x in the retail category, 1.73x in the QIB category, and 0.03x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| QIB | 1.73x |
| NII | 0.03x |
| RII | 0.39x |
| Employee | 0.21x |
| Total | 0.99x |
| Listing Date | Wednesday, March 28, 2018 |
| BSE Script Code | 541154 |
| NSE Symbol | HAL |
| Listing In | B Group of Securities |
| ISIN | INE066F01012 |
| IPO Price | ₹1215 per equity share |
| Face Value | ₹10 per equity share |
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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/
KFintech Private Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: hal.ipo@karvy.com
Website: https://karisma.kfintech.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 is priced at ₹1215 to ₹1240 per equity share. The minimum order quantity is 12 Shares.
The IPO opens on Mar 16, 2018, and closes on Mar 20, 2018.
KFintech 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 lot size is 12 Shares and the minimum order quantity is 12 Shares.
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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
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.
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