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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 ₹1215.00 per share . The lot size for an application is 12. The minimum amount of investment required by an retail is ₹14,580 (12 shares). 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 Date | March 16, 2018 to March 20, 2018 |
| Listing Date | March 28, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹1215 to ₹1240 per share |
| Issue Price Final | ₹1215 per share |
| Lot Size | 12 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 3,35,32,320 shares (aggregating up to ₹4,063.31 Cr) |
| Retail Discount | Rs 25.00 per share |
| Employee Discount | ₹25.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 33,43,87,500 shares |
| Share Holding Post Issue | 33,43,87,500 shares |
Hindustan Aeronautics IPO offers total 3,41,07,525 shares. Out of which 1,67,19,374 (49.02%) allocated to QIB, 50,15,813 (14.71%) allocated to NII, 1,17,03,563 (34.31%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,67,19,374 (49.02%) | NA |
| NII (HNI) Shares Offered | 50,15,813 (14.71%) | NA |
| Retail Shares Offered | 1,17,03,563 (34.31%) | 9,75,296 |
| Employee Shares Offered | 6,68,775 (1.96%) | NA |
| Total Shares Offered | 3,41,07,525 (100.00%) |
| 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 |
Hindustan Aeronautics IPO opens on March 16, 2018, and closes on March 20, 2018.
| IPO Open Date | Fri, Mar 16, 2018 |
| IPO Close Date | Tue, Mar 20, 2018 |
| Tentative Allotment | Mon, Mar 26, 2018 |
| Initiation of Refunds | Tue, Mar 27, 2018 |
| Credit of Shares to Demat | Tue, Mar 27, 2018 |
| Tentative Listing Date | Wed, Mar 28, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Mar 20, 2018 |
Investors can bid for a minimum of 12 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
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
| 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 | |
[Dilip Davda] 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...
Rs 25 Per Share discount is offered to Retail & Employee investors
| Listing Date | March 28, 2018 |
| BSE Script Code | 541154 |
| NSE Symbol | HAL |
| ISIN | INE066F01012 |
| Final Issue Price | ₹1215 per share |
| BSE Listing Group | B |
Hindustan Aeronautics Ltd.
15/1 Cubbon Road,
Bengaluru 560 001
Bengaluru, Karnataka
Phone: +91 (80) 2232 0001
Email: investors@hal-india.com
Website: http://www.hal-india.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: hal.ipo@karvy.com
Website: https://ipostatus.kfintech.com/
Hindustan Aeronautics IPO is a main-board IPO of 3,35,32,320 equity shares of the face value of ₹10 aggregating up to ₹4,063.31 Crores. The issue is priced at ₹1215 per share. The minimum order quantity is 12.
The IPO opens on March 16, 2018, and closes on March 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 March 16, 2018 and closes on March 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 Tuesday, March 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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