Hindustan Aeronautics IPO

Hindustan Aeronautics IPOBusiness description - Hindustan Aeronautics is 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. Its operations are organised into five complexes, namely the Bangalore Complex, MiG Complex, Helicopter Complex, Accessories Complex, and Design Complex, which together include 20 production divisions and 11 research and design centres (R&D Centres) located across India. Hindustan Aeronautics rely on indigenous research as well as enter into technology transfer and licence agreements to manufacture its products. In addition, it has entered into 13 commercial joint ventures to grow operations.

The company was conferred with the Navratna status by the GoI in June 2007 which provides it with strategic and operational autonomy and enhanced powers to make prompt investment decisions, subject to an overall investment ceiling set by the GoI. Hindustan Aeronautics signs a memorandum of understanding with the MoD on a yearly basis, which outlines various targeted performance parameters for a given year. The company has also received an "Excellent" rating from the GoI every year from the Financial Years 2002 to 2016.

Promoters of Hindustan Aeronautics - The President of India

Hindustan Aeronautics IPO details
Subscription Dates16 - 20 March 2018
Price BandINR1,215 - 1,240 (Discount of INR25 per share for retail investors)
Fresh issueNil
Offer For Sale34,107,525 shares (INR4,144.06 - 4,229.33 crore)
Total IPO size34,107,525 shares (INR4,144.06 - 4,229.33 crore)
Minimum bid (lot size)12 shares
Face Value INR10 per share
Retail Allocation35%
Listing OnNSE, BSE
Hindustan Aeronautics' financial performance (in INR crore)
FY2013FY2014FY2015FY2016FY2017H1 FY2018
Total revenue17,221.417,327.6 17,362.018,754.819,596.95,665.9
Total expenses13,470.913,676.915,688.615,553.416,021.95,057.6
Profit after tax3,217.22,541.1929.02,011.12,630.8384.5

FY2013 and FY2014 figures are based on Indian GAAP accounting standards. 

Financial figures for subsequent years are based on Indian Accounting Standards (Ind-AS).

Hindustan Aeronautics Limited 
15/1
Cubbon Road
Bengaluru 560 001

Phone: +91 80 2232 0001
Fax: 
+91 80 2232 0758
Email:
[email protected]
Website: www.hal-india.com

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551 
Email:
 [email protected]
Website: www.karvycomputershare.com

Earnings Per Share (EPS): INR73.0

Price/Earnings (P/E) ratio: 16.64 - 16.98

Return on Net Worth (RONW): 21%

Net Asset Value (NAV): INR347.0 per share

Hindustan Aeronautics IPO Subscription Details

CategoryShares offeredSubscription (no. of times)
Day 1Day 2Day 3
QIB16,719,3740.430.761.72
NII5,015,8130.010.010.03
Retail11,703,5630.070.200.37
Employees668,7750.030.110.20
Total34,107,5250.24 0.440.98

Hindustan Aeronautics IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status.

IPO Opening Date: 16 March 2018

IPO Closing Date: 20 March 2018

Finalisation of Basis of Allotment: 26 March 2018

Initiation of refunds: 27 March 2018

Transfer of shares to demat accounts: 27 March 2018

Listing Date: 28 March 2018

Listing Price on NSE: INR1,152.0 per share (down 3.19% from IPO price for retail investors)

Closing Price on NSE: INR1,132.85 per share (down 4.80% from IPO price for retail investors)

20 thoughts on “Hindustan Aeronautics IPO

  • March 26, 2018 at 12:55 PM
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    Shares have been allotted today @1190 (1215-25).

    Reply
  • March 25, 2018 at 9:43 AM
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    may be HAL will be listed on discount rate like BDL

    Reply
  • March 23, 2018 at 7:35 PM
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    Corrupted company, don’t buy,

    Reply
  • March 22, 2018 at 3:45 PM
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    Since, IPO was not subscribed 100%; it there any possibilities to reduce the cut off price of each shares. Kindly share your thought. Thanks

    Reply
      • March 26, 2018 at 12:55 PM
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        Shares have been allotted @1190 (1215-25). My intuition was correct.

        Reply
    • March 26, 2018 at 12:50 PM
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      Yes. I got the shares alloted at 1190Rs

      Reply
    • March 26, 2018 at 12:51 PM
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      Yes. I got the shares allotted at 1190Rs

      Reply
  • March 21, 2018 at 9:19 AM
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    Just how many times they re going to use LIC for ipo subscriptions? artificial demand

    Reply
    • March 21, 2018 at 9:46 PM
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      Short answer is that government will call LIC everytime it needs help in stock market

      Reply
  • March 19, 2018 at 3:09 PM
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    Avoid. Buyback done by Govt of India at price less than 400/- demanding 1200/- plus not acceptable.

    Reply
    • March 21, 2018 at 7:24 PM
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      Do you have any education on valuation??????

      Reply
  • March 16, 2018 at 7:14 PM
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    having 68K Cr. order book. good ipo, a good bet.

    Reply
  • March 13, 2018 at 7:19 PM
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    HAL ipo good fundamentally. But i don’t think so valuation so high. Some listing gain definately. But not huge gain. So aply this ipo.

    Reply
  • March 10, 2018 at 8:38 AM
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    How good is the fundamentals of the company? Can we expect good listing gains??

    Reply
  • March 10, 2018 at 8:37 AM
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    How good is the fundamental of the company? Can we expect good listing gains??

    Reply
  • March 10, 2018 at 7:44 AM
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    Best priced IPO, go for it…

    Reply

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