IPO

Hindustan Aeronautics Limited IPO

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Offer Date: Mar 16, 2018 - Mar 20, 2018

₹ 14880 /12 Shares

16 Mar, 2018

Open Date

20 Mar, 2018

Close Date

26 Mar, 2017

Allotment Date

28 Mar, 2017

Listing Date
IPO Issue Details
  • Issue Price Rs 1215 - Rs 1240 Per Equity Share (Discount of Rs 25 per share to RII and Employee)
  • Face Value Rs 10 Per Equity Share 
  • Issue Price 3,61,50,000 Equity Shares of Rs 10 with aggregating up to Rs 4482.60 Cr
  • Listing at NSE, BSE ( B - Group )
  • Lead Manager Axis Capital Limited and SBI Capital Markets Limited
  • Registrar Karvy Computershare Private Limited
IPO Details
  • Retail Portion N/A
IPO Details


The IPO of is priced at ₹1215 - 1240 per equity share, which has a face value of Rs 10 Per Equity Share  each, IPO bidding starts from Mar 16, 2018 and ends on Mar 20, 2018. The allotment for IPO will be finalized on Mar 26, 2017. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Mar 28, 2017. The company shall list its equity shares on the NSE, BSE ( B - Group ). Karvy Computershare Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are Axis Capital Limited and SBI Capital Markets Limited.


The IPO sets its price band at 1215 - 1240 for each share. A single application for Hindustan Aeronautics Limited IPO must contain at least 12 shares.

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IPO Subscription Analysis And Details
Retail
0.38x
QIB
1.73x
NII
0.03x
Total
0.99x
As on QIB NII Retail Total
Shares Offered / Reserved 1,67,19,374 50,15,813 1,17,03,563 3,41,07,525
Day 1 16-03-18
0.43 x 0.01 0.07 x 0.23 x
Day 2 19-03-18
0.77 x 0.01 0.21 x 0.45 x
Day 3 20-03-18
1.73 x 0.03 0.38 x 0.99 x
Valuations
Earnings Per Share (EPS) Rs 73
P/E Ratio 17
RoNW 21%
Net Asset Value (NAV) - As on 30.09.17 Rs 358
IPO - Issue Objectives
1

To carry the disinvestment of 36,150,000 Equity Shares* by the Selling Shareholder constituting 10% of Company's pre-Offer paid up Equity Share capital the Company

2

To achieve the benefits of listing the Equity Shares on the Stock Exchanges.