Hindustan Aeronautics Limited
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They have been conferred with the "Navratna" status by the GoI in June 2007 and are the largest DPSU in terms of value of production according to the MoD Annual Report 2016-2017.
They are 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.
Issue Period
Friday, Mar 16, 2018 - Tuesday, Mar 20, 2018
Price Band
Rs.1215 - Rs.1240 per Equity Share
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Hindustan Aeronautics Limited
| Issuer | Hindustan Aeronautics Limited (View Report) | |
| Issue Type | 100% Book Built Issue IPO | |
| Issue Period | Issue Opens: Mar 16, 2018 | |
| Issue Closes: Mar 20, 2018 | ||
| Price Brand | Rs.1215 - Rs.1240 per Equity Share | |
| Issue Size(Rs.) |
34,107,525 Equity shares (Rs. 4,113* Cr – Rs. 4,198^Crs) |
|
| Face Value | Rs. 10 per Equity Share | |
| Minimum Order Quantity Retail: | 12 Equity Shares and in multiples thereof | |
| Maximum Bid amount for Retail: | Rs. 2 Lakhs | |
| QIB | 50% of the issue size (Rs. 2,031* Cr – 2,073^ Cr) | |
| NIB | 15% of the issue size (Rs.609*Cr – 622^ Cr) | |
| Retail Individual Bidders | 35% of the issue size(Rs.1,393* Cr-1,422^ Cr) | |
| Registrar | Karvy Computer Share Private Limited | |
| Listing | NSE & BSE | |
| Book Running Lead Managers | Axis Capital, SBI Capital | |
| * Lower Band; ^ Upper Band | ||
Key Strategies:
- Expand our operations through partnerships or collaboration
- Diversify through expansion in new growth areas
- Diversify further into the civil aircraft segment for both manufacturing and servicing opportunities
- Develop in-house capabilities to design and develop specialized products including aero-engines
- Leverage Existing Cost Advantage
- Developing Human Capital
- Optimizing operations towards becoming a lead integrator of aircraft platforms
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