Business 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 Dates | 16 – 20 March 2018 |
| Price Band | INR1,215 – 1,240 (Discount of INR25 per share for employees and retail investors) |
| Fresh issue | Nil |
| Offer For Sale | 34,107,525 shares (INR4,144.06 – 4,229.33 crore) |
| Total IPO size | 34,107,525 shares (INR4,144.06 – 4,229.33 crore) |
| Minimum bid (lot size) | 12 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
| Hindustan Aeronautics’ financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | H1 FY2018 | |
| Total revenue | 17,221.4 | 17,327.6 | 17,362.0 | 18,754.8 | 19,596.9 | 5,665.9 |
| Total expenses | 13,470.9 | 13,676.9 | 15,688.6 | 15,553.4 | 16,021.9 | 5,057.6 |
| Profit after tax | 3,217.2 | 2,541.1 | 929.0 | 2,011.1 | 2,630.8 | 384.5 |
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
| Category | Shares offered | Subscription (no. of times) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 16,719,374 | 0.43 | 0.76 | 1.72 |
| NII | 5,015,813 | 0.01 | 0.01 | 0.03 |
| Retail | 11,703,563 | 0.07 | 0.20 | 0.37 |
| Employees | 668,775 | 0.03 | 0.11 | 0.20 |
| Total | 34,107,525 | 0.24 | 0.44 | 0.98 |
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)
Best priced IPO, go for it…
How good is the fundamental of the company? Can we expect good listing gains??
Definitely
How good is the fundamentals of the company? Can we expect good listing gains??
NO never
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.
having 68K Cr. order book. good ipo, a good bet.
Avoid. Buyback done by Govt of India at price less than 400/- demanding 1200/- plus not acceptable.
Do you have any education on valuation??????
Avoid
Just how many times they re going to use LIC for ipo subscriptions? artificial demand
Short answer is that government will call LIC everytime it needs help in stock market
Since, IPO was not subscribed 100%; it there any possibilities to reduce the cut off price of each shares. Kindly share your thought. Thanks
NO
Shares have been allotted @1190 (1215-25). My intuition was correct.
Yes. I got the shares alloted at 1190Rs
Yes. I got the shares allotted at 1190Rs
Corrupted company, don’t buy,
may be HAL will be listed on discount rate like BDL
Shares have been allotted today @1190 (1215-25).