Hindustan Aeronautics Limited will get listed soon on both of the Exchange i.e. Bombay Stock Exchange and National Stock Exchange. Interested clients can fetch all important information about Hindustan Aeronautics IPO such as Price Band, IPO Dates, Company Profile, Allotment Status, Listing Dates, subscription details, application form etc. The firm has drafted a Red Herring Prospectus and got approval for the same from the Regulatory firm Securities Board of India. Hindustan Aeronautics IPO is scheduled for March 16, 2018 with a price band of Rs. 1215 – Rs. 1240 per equity share. The lot size of applying Hindustan Aeronautics IPO is for 12 shares.
One can apply via ASBA to avail the benefit of listing this IPO. The maximum application of amount for retail investor stood at Rs. 2 lacs.
Hindustan Aeronautics Ltd was incorporated on August 16, 1963 at Bengluru, Karnataka India. This company is offering the products and servicing of design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products consisting aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures. It has divided its functional area into five complexes which are Bangalore Complex, MIG Complex, Helicopter Complex, Accessories Complex, and Design Complex consisting 20 production divisions and 11 research and design centre’s (“R&D Centre’s”) in India. It is covering almost 13 countries further to offer its products and services.
According to Mod annual report 2016-17, it is confabulated as ‘Navratna’ company by GoI since June 2007 and the largest DPSU. In term of revenue, Hindustan aeronautics stood at 39th position in the world.
Positive Outlook of the Firm:-
- Strong and faithful research, design and development, manufacturing and maintenance, repair and Overhaul (“MRO”) services;
- Good track record of offering product life cycle support extending to periods beyond four decades.
- Robust design and development qualities;
- One of the leading Company in the Indian aeronautical industry along with strong GOI support;
- Various products offerings;
- Maintain consistency in financial performance;
- Experienced management team and operating team.
Objects Of The Issue:-
Company will not get any proceeds from the Offer and all proceeds shall go to the Selling Shareholder.
The objects of the Offer are:-
- To carry out the disinvestment of 36,150,000 Equity Shares by the Selling Shareholder (President of India) constituting 10% of the Company’s pre-Offer paid up Equity Share capital the Company; and
- To get the benefits of listing the Equity Shares on the Stock Exchanges.
Summary Of Issue:
|Issue Open:-||March 16, 2018 – March 20, 2018|
|Issue Type||100% Book Built Issue IPO|
|Issue Size (Value)||36,150,000 Equity Shares of Rs 10 aggregating up to Rs 4,482.60 Cr
Offer for Sale of 36,150,000 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
|Face Value||Rs. 10 Per Equity Share|
|Issue Price||Rs. [ Rs 1215 – Rs 1240] Per Equity Share|
|Market lots||12 Shares|
|Minimum Order Quantity||12 Shares|
|Listing At||BSE, NSE|
(*) indicates to be updated
Hindustan Aeronautics IPO Subscription Details
|Sr.No.||Category||No. of shares offered/reserved||No. of shares bid for||No. of times of total meant for the category|
|1||Qualified Institutional Buyers (QIBs)|
|2||Non Institutional Investors (NIIs)|
|3||Retail Individual Investors (RIIs)|
Will be updated soon.
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Important dates for Hindustan Aeronautics IPO Allotment Status
- The Allotment date for Hindustan Aeronautics IPO issue is expected on March 23, 2018
- The amount will get unblocked on March 26, 2018
- The Shares are expected to credit in DP accounts on March 26, 2018
- The Shares of Hindustan Aeronautics Limited is likely to get listed on March 27, 2018 on both BSE and NSE.
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Hindustan Aeronautics IPO Allotment Status
One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-
It takes little time to fetch information so you need to be little patient.
Download “Hindustan Aeronautics Limited” IPO Application Form
From BSE: click here
From NSE: click here
Promoters Of the Company:-
The president of India acting through the department of defence production, Ministry defence
|Particulars||For the year/Period ended (Rs. in Million)|
|Total Equity & Liabilities||515523||565319||624203|
|Profit After Tax (PAT)||26247||20043||9941|
Book Running Lead Managers Details:-
1) SBI Capital Markets Limited
202, Maker Tower ‘E’
Cuffe Parade, Mumbai 400 005
Tel: +91 (22) 22178300,
Fax: +91 (22) 22188332
Investor grievance e-mail: firstname.lastname@example.org
Contact Person: Mr. Sandeep Tenneti/ Mr. Gitesh Vargantwar
SEBI Registration No.: INM000003531
2) Axis Capital Limited
1st floor, Axis House, C-2 Wadia International Centre
P.B. Marg, Worli, Mumbai 400 025
Tel: +91 (22) 4325 2183,
Fax: +91 (22) 4325 3000
Investor grievance e-mail: email@example.com
Contact Person: Ms. Simran Gadh
SEBI Registration No.: INM000012029
Registrar To The Issue:-
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32, Gachibowli,
Financial District, Nanakramguda, Hyderabad, Telangana 500 032
Tel: +91 (40) 6716 2222,
Fax: +91 (40) 2343 1551
Investor Grievance Email:
Contact Person: Mr. M Murali Krishna
SEBI Registration No: INR000000221
Registered Office Details:-
15/1 Cubbon Road,
Bengaluru 560 001
Phone: +91 (80) 2232 0001
Fax: +91 (80) 2232 0758
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