Bookbuilding IPO | ₹4,063 Cr | Listed at BSE, NSE | Fri, Mar 16, 2018 - Tue, Mar 20, 2018
Hindustan Aeronautics IPO is a book build issue of ₹4,063.31 crores. The issue is entirely an offer for sale of 3.35 crore shares of ₹4,063.31 crore.
Hindustan Aeronautics IPO bidding started from Mar 16, 2018 and ended on Mar 20, 2018. The allotment for Hindustan Aeronautics IPO was finalized on Mar 26, 2018. The shares got listed on BSE, NSE on Mar 28, 2018.
Hindustan Aeronautics IPO price band is set at ₹1,215 per share. The lot size for an application is 12. The minimum amount of investment required by an retail is ₹14,880 (12 shares) (based on upper price). The lot size investment for sNII is 14 lots (168 shares), amounting to ₹2,04,120, and for bNII, it is 69 lots (828 shares), amounting to ₹10,06,020.
The issue includes a reservation of up to 6,68,775 shares for employees offered at a discount of ₹25.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Hindustan Aeronautics IPO RHP for detailed Information.
IPO Open
Fri, Mar 16, 2018
IPO Close
Tue, Mar 20, 2018
Issue Price
₹1215 per share
Market Cap (Pre-IPO)
₹40,628.08 Cr
| IPO Date | 16 to 20 Mar, 2018 |
| Listed on | Wed, Mar 28, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹1215 to ₹1240 |
| Issue Price | ₹1215 per share |
| Lot Size | 12 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Retail Discount | Rs 25.00 per share |
| Employee Discount | ₹25.00 |
| Total Issue Size | 3,35,32,320 shares (agg. up to ₹4,063 Cr) |
| Offer for Sale | 3,35,32,320 shares of ₹10 (agg. up to ₹4,063 Cr) |
| Share Holding Pre Issue | 33,43,87,500 shares |
| Share Holding Post Issue | 33,43,87,500 shares |
| BSE Script Code / NSE Symbol | 541154 / HAL |
| ISIN | INE066F01012 |
Hindustan Aeronautics IPO comprises a total issue size of 3,41,07,525 shares. The net offer to the public is 3,34,38,750 shares, after excluding 6,68,775 shares under a preferential allotment. Of the Net offer 1,67,19,374 (50.00%) are allocated to QIB, 50,15,813 (15.00%) allocated to NII 1,17,03,563 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 1,67,19,374 | 50.00% | 49.02% | NA |
| NII (HNI) Shares Offered | 50,15,813 | 15.00% | 14.71% | NA |
| Retail Shares Offered | 1,17,03,563 | 35.00% | 34.31% | 9,75,296 |
| Preferential Reservations | ||||
| Employee Shares Offered | 6,68,775 | 1.96% | NA | |
| Total Shares Offered | 3,41,07,525 | 100.00% | 100.00% | |
Investors can bid for a minimum of 12 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 12 | ₹14,580 |
| Retail (Max) | 13 | 156 | ₹1,89,540 |
| S-HNI (Min) | 14 | 168 | ₹2,04,120 |
| S-HNI (Max) | 68 | 816 | ₹9,91,440 |
| B-HNI (Min) | 69 | 828 | ₹10,06,020 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Hindustan Aeronautics IPO is subscribed 0.99 times on March 20, 2018 5:00:00 PM (Day 3). 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)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.73 | 1,67,19,374 | 2,88,98,568 |
| NII | 0.03 | 50,15,813 | 1,74,660 |
| Retail | 0.39 | 1,17,03,563 | 45,23,016 |
| Employee | 0.21 | 6,68,775 | 1,41,948 |
| Total | 0.99 | 3,41,07,525 | 3,37,38,192 |
Rs 25 Per Share discount is offered to Retail & Employee investors
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to BRLMs (including underwriting commission) | |
| 2 | Selling commission and processing fees^ for SCSBs, brokerage, bidding charges and selling commission for Syndicate Member, Registered Brokers, RTAs and CDPs | 7.08 |
| 3 | Fees payable to the Registrar to the Offer | |
| 4 | Others: i. Other regulatory expenses^ ii. Advertising and marketing for the Offer iii. Fees payable to Legal Counsels iv. Miscellaneous | 12.42 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹1,215.00 | ₹1,215.00 |
| Open | ₹1,169.00 | ₹1,152.00 |
| Low | ₹1,117.60 | ₹1,121.00 |
| High | ₹1,184.00 | ₹1,184.95 |
| Last Trade | ₹1,128.35 | ₹1,132.85 |
Lead Manager Reports
Hindustan Aeronautics IPO is a main-board IPO of 3,35,32,320 equity shares of the face value of ₹10 aggregating up to ₹4,063 Crores. The issue is priced at ₹1215 per share. The minimum order quantity is 12.
The IPO opens on Fri, Mar 16, 2018, and closes on Tue, Mar 20, 2018.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Hindustan Aeronautics IPO using UPI as a payment gateway. Zerodha customers can apply in Hindustan Aeronautics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Hindustan Aeronautics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Hindustan Aeronautics IPO opens on Fri, Mar 16, 2018 and closes on Tue, Mar 20, 2018.
Hindustan Aeronautics IPO lot size is 12, and the minimum amount required for application is ₹14,580.
You can apply in Hindustan Aeronautics IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Hindustan Aeronautics IPO will be done on Monday, March 26, 2018, and the allotted shares will be credited to your demat account by Tue, Mar 27, 2018. Check the Hindustan Aeronautics IPO allotment status.
The Hindustan Aeronautics IPO listing date is on Wed, Mar 28, 2018.
