The Hindustan Aeronautics IPO date has been confirmed from March 16, 2018, and ended on March 20, 2018. Read the post to learn about Hindustan Aeronautics IPO GMP.
Hindustan Aeronautics IPO is a fixed price issue of Rs 4,144.06 crores. The price band is set at ₹1215 to ₹1240 per share. The minimum lot size for an application is 12 Shares. Hindustan Aeronautics IPO GMP Today is ₹2,703.70. The minimum amount of investment required by retail investors is ₹14,880.
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Key Details Of Hindustan Aeronautics IPO:
Bidding Dates
March 16-20
Price Range
₹1215 to ₹1240 per share
Face Value
₹10 per share
GMP
₹2,703.70
Hindustan Aeronautics IPO GMP
The Hindustan Aeronautics IPO GMP Today is ₹2,703.70.
IPO Overview
The Hindustan Aeronautics IPO is a book-built offering for Rs 4,144.06 crores. The offering consists fully of 3.41 crore shares for sale. The IPO bidding for Hindustan Aeronautics began on March 16, 2018 and ended on March 20, 2018. On Monday, March 26, 2018, the allotment for the Hindustan Aeronautics IPO was completed. On March 28, 2018, the shares were listed on the BSE and the NSE. The price range for Hindustan Aeronautics’ IPO is 1215 to 1240 per share.
An application requires a minimum lot size of 12 Shares. Retail investors must make a minimum investment of ₹14,880. In India, the company has 20 industrial divisions and 11 R&D units. HAL’s biggest customer is Indian Defence Services, which accounts for more than 93% of revenues. HAL also sells and services its goods to state governments, paramilitary groups, and corporations.
Hindustan Aeronautics IPO Details
| IPO Date | March 16, 2018 to March 20, 2018 |
| Listing Date | March 28, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹1215 to ₹1240 per share |
| Lot Size | 12 Shares |
| Total Issue Size | 34,107,525 shares (aggregating up to ₹4,144.06 Cr) |
| Offer for Sale | 34,107,525 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Hindustan Aeronautics Company Financials
| 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 | |
Hindustan Aeronautics IPO Timeline
| IPO Open Date | Friday, March 16, 2018 |
| IPO Close Date | Tuesday, March 20, 2018 |
| Basis of Allotment | Monday, March 26, 2018 |
| Initiation of Refunds | Tuesday, March 27, 2018 |
| Credit of Shares to Demat | Tuesday, March 27, 2018 |
| Listing Date | Wednesday, March 28, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 20, 2018 |
Company Profile
Hindustan Aeronautics Limited (HAL) is a Bengaluru-based Defence Public Sector Undertakings (DPSU) company that designs, develops, manufactures, repairs, overhauls, upgrades and services a variety of products such as aircraft, helicopters, aero-engines, avionics, accessories, and aerospace structures. Since June 2007, HAL has been a ‘Navratna‘ corporation and the largest DPSU. In terms of revenue, HAL is the 39th largest aerospace company in the world.
Strengths of the company :
- Experience of over 5 decades in research, design and development, manufacturing and maintenance, repair and overhaul services.
- Established track record in offering product life cycle support.
- 11 dedicated R&D Centres. The company owns one trademark, seven patents, six design registrations, and 44 copyrights.
- Largest DPSU in terms of value of production
- Diversified product portfolio which includes fighter aircraft, trainer aircraft, transport aircraft, military helicopter and civil helicopters and their engines, avionics, and accessories
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Hindustan Aeronautics Limited |
| Phone number | +91 (80) 2232 0001 |
| Email ID | [email protected] |
| Website | hal-india.co.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Hindustan Aeronautics IPO FAQs
When Hindustan Aeronautics IPO will open?
The Hindustan Aeronautics IPO opens on March 16, 2018 and closes on March 20, 2018.
What is the lot size of Hindustan Aeronautics IPO?
Hindustan Aeronautics IPO lot size is 12 Shares, and the minimum amount required is ₹14,880.
When is Hindustan Aeronautics IPO allotment?
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.
When is Hindustan Aeronautics IPO listing date?
The Hindustan Aeronautics IPO listing date is on March 28, 2018.
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