Hindustan Aeronautics Ltd IPO, HAL IPO Details
Hindustan Aeronautics Limited (HAL) is planning to launch an initial public offering (IPO). As we all know that the HAL is a state-owned company and its IPO is a part of government disinvestment plan. The IPO of HAL is expected in the month of January 2018 as per the sources. The exact date is not announced yet by the company. In 2012, The Union government had approved the share sale in HAL. HAL wants to sell 10% of the company’s shareholding or 36,150,000 shares. The disinvestment decision of HAL share sale comes five years after it was first mooted.
HAL filed its IPO proposal to SEBI on September 29, 2017. The company got SEBI’s nod for an IPO on October 30, 2017. Now HAL is ready for the IPO and it can launch its IPO anytime soon. The company is waiting for the right time and right market conditions.
Though the government did not disclose the HAL’s valuation, as per the sources, Government can raise around Rs. 2,000 from this IPO. The state has already raised Rs. 4,284 crore by selling a portion of its stake in March 2016 to improve price-to-earnings. The move was aimed to make its IPO more attractive to investors.
The company has fixed the price band of its IPO to Rs. to Rs., the IPO of HAL would be open for the subscription between —- to —-. Investors who want to apply for the initial public offering of HAL can check the given section of our website. Investors can find all relevant information about the HAL IPO such as Hindustan Aeronautics Allotment Status, Daily subscription figures, IPO Prospectus, HAL IPO Date, HAL IPO Price Band, Listing dates, Review, Recommendations, Poll, Address and more.
- 1 HAL IPO
- 2 Hindustan Aeronautics Limited (HAL) IPO, Price, Date, Subscription, Allotment, GMP, Grey Market, Listing Date
About the company: Hindustan Aeronautics Limited (HAL) is a Government of India (GOI) owned aerospace and defense company. The company is located in Bangalore, Karnataka. The company was founded in 1940 as Hindustan Aircraft and it was renamed to Hindustan Aeronautics in 1964. It is the 39th largest aerospace company in the world in terms of revenue. The company is engaged in the design, development, manufacture, overhaul, repair, upgrade and servicing of various products such as aircraft, aero-engines, avionics, helicopters, accessories and aerospace structures.
To know more about the company, Please see HAL Website: http://www.hal-india.com
Company Promoter: The president of India, acting through the Department of defense production, Ministry of defense.
Objects of the Issue
Hindustan Aeronautics Limited (HAL) IPO, Price, Date, Subscription, Allotment, GMP, Grey Market, Listing Date
The lead managers of HAL IPO are SBI Capital Markets Limited and Axis Capital Limited.
Karvy Computershare Private Limited has been assigned the IPO of HAL.
Hindustan Aeronautics (HAL) IPO Allotment Status
The allotment of the IPO of Hindustan Aeronautics Limited will be done online at the Karvy website and all the relevant details and link will be provided here. Please check this page time to time.
HAL Listing Date
The listing date of Hindustan Aeronautics IPO will be notified later.
Hindustan Aeronautics Limited Address
Download HAL IPO Prospectus – Click Here.