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 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 Companys 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

IPO Date Mar 16, 2018 to Mar 20, 2018
Listing Date Wednesday, March 28, 2018
Face Value ₹10 per share
Price ₹1215 to ₹1240 per share
Lot Size 12 Shares
Issue Size34,107,525 shares of ₹10
(aggregating up to ₹4,144.06 Cr)
Offer for Sale34,107,525 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
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.

Hindustan Aeronautics IPO Tentative Timetable

Hindustan Aeronautics IPO opens on Mar 16, 2018, and closes on Mar 20, 2018. The Hindustan Aeronautics IPO bid date is from Mar 16, 2018 10.00 A.M. to Mar 20, 2018 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Mar 16, 2018
Closing Date Mar 20, 2018
Basis of Allotment Mar 26, 2018
Initiation of Refunds Mar 27, 2018
Credit of Shares to Demat Mar 27, 2018
Listing Date Mar 28, 2018

Hindustan Aeronautics IPO Lot Size

The Hindustan Aeronautics IPO 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
Retail (Min) 1 12 ₹14,880
Retail (Max) 13 156 ₹193,440

Retail & Employee Discount

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

Hindustan Aeronautics IPO Review

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...

Hindustan Aeronautics IPO Subscription Status (Bidding Detail)

The Hindustan Aeronautics IPO is subscribed 0.99 times on Mar 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)

CategorySubscription (times)

Hindustan Aeronautics IPO Prospectus

Hindustan Aeronautics IPO Rating

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 Group of Securities
ISIN INE066F01012
IPO Price ₹1215 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

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

Phone: +91 (80) 2232 0001

Hindustan Aeronautics IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000

Hindustan Aeronautics IPO Review

Hindustan Aeronautics IPO Recommendation Summary

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Hindustan Aeronautics IPO FAQs

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 Mar 16, 2018, and closes on Mar 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 Mar 16, 2018 and closes on Mar 20, 2018.

Hindustan Aeronautics IPO lot size is 12 Shares and the minimum order quantity is .

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.

The Hindustan Aeronautics IPO listing date is on Wednesday, March 28, 2018.
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Hindustan Aeronautics IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



221. Uchit Patel |   Link |Apr 7, 2018 8:50:56 AM
IPO Mentor IPO Mentor (500+ Posts, 1500+ Likes)

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 |   Link |Apr 5, 2018 5:50:49 PM
now how many times hold to HAL ?? can any buddy answer do???
219. Shareking The BuLLz EyE |   Link |Apr 3, 2018 11:44:47 PM
IPO Mentor IPO Mentor (700+ Posts, 1100+ Likes)
hope HAL doesn't become HELL

219.1. Cool Sunshine |   Link |Apr 4, 2018 2:55:06 PM
I would like to thank you buddy for the warning. Very considerate post. :-) Appreciate it.
219.2. Shareking The BuLLz EyE |   Link |Apr 4, 2018 3:45:17 PM
IPO Mentor IPO Mentor (700+ Posts, 1100+ Likes)
i was just kiddin
the stock is really good for long term
218. Cool Sunshine |   Link |Mar 29, 2018 2:57:39 PM
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 |   Link |Apr 4, 2018 2:56:16 PM
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 |   Link |Apr 13, 2018 6:59:13 AM
Top Contributor 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 |   Link |Mar 28, 2018 6:28:10 PM
IPO Mentor IPO Mentor (500+ Posts, 1400+ 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 |   Link |Mar 28, 2018 6:08:24 PM
IPO Mentor IPO Mentor (500+ Posts, 1400+ 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 |   Link |Mar 28, 2018 5:28:48 PM
आदरणीय जेटली जी की तरफ से निवेशकों को इस साल का अंतिम उपहार।
जय जेटली।
214. IPO ipo |   Link |Mar 28, 2018 4:47:11 PM
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 |   Link |Mar 28, 2018 3:45:23 PM
Should i hold or sell? Please suggest
212. Cool Sunshine |   Link |Mar 28, 2018 3:04:59 PM
Dividend itself should not be the only reason to invest in a company.

HAL Dividend history on face value of INR10


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 |   Link |Mar 28, 2018 12:36:16 AM

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 |   Link |Mar 28, 2018 11:51:27 AM
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 |   Link |Mar 28, 2018 2:23:30 PM
What more ? You have to execute them sometime.
210. blogece |   Link |Mar 28, 2018 10:25:16 AM
Current trading 925/- HAL. Will it indicates listing price as same
210.1. blogece |   Link |Mar 28, 2018 1:20:38 PM
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 |   Link |Mar 28, 2018 12:25:19 PM
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?
209.3. Naimesh G |   Link |Mar 28, 2018 12:40:52 PM
Mr. Manoj, price was fixed at lower band i.e. 1215/- and Rs. 25 discount so it comes to 1190/-.
209.4. ManojK |   Link |Mar 28, 2018 12:45:07 PM
@Naimesh G, I got my answer. Thank you very much.
208. Newbie |   Link |Mar 28, 2018 12:20:04 PM
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 |   Link |Mar 28, 2018 11:54:43 AM
Shoulf hold for 1 year, 2 application or exit at cmp or wait for some listing gain? Pls suggest.
207.1. RBA |   Link |Mar 28, 2018 11:55:54 AM
206. Cool Sunshine |   Link |Mar 28, 2018 11:38:49 AM
First they ignore you,
then they laugh at you,
then they fight you,
then you win.

---- Mahatma Gandhi
205. ManishDwiv |   Link |Mar 28, 2018 11:21:55 AM
Buyers coming in HAL
205.1. VALUE INVESTOR |   Link |Mar 28, 2018 11:30:12 AM
IPO Mentor IPO Mentor (900+ Posts, 600+ Likes)
Artificial buyers only for trapping purpose
204. shaakaal |   Link |Mar 28, 2018 11:08:05 AM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)
midhani also confirm 5% down at least
203. VALUE INVESTOR |   Link |Mar 28, 2018 11:07:23 AM
IPO Mentor IPO Mentor (900+ Posts, 600+ 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 |   Link |Mar 28, 2018 11:06:01 AM
IPO Mentor IPO Mentor (900+ Posts, 600+ 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.