COMPANY BACKGROUND

Hindustan Aeronautics Limited 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.

The Company has 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. It was the 39th largest aerospace company in the world in terms of revenue (in USD million) in 2016 according to Flight International.

Issue Highlights

Issue opens

Friday, March 16, 2018

Issue closes

Tuesday, March 20, 2018

Issue Size

Offer for Sale: 34,107,525 Equity Shares
(Rs.4113 Crs ‐ Rs.4198 Crs )
Employee Reservation: 668,775 Equity Shares (Rs. 80 Cr –Rs. 81 Crs)

Price Band

Rs.1215/- to Rs.1240/- per share

Bid Lot

12 Equity Shares and in multiples thereafter

Face Value

Rs. 10/- per share

Listing

NSE & BSE

Registrar

Karvy Computershare Private Limited

Payment

Compulsorily ASBA Mode

Discount

Rs. 25/- for Retail & Eligible Employees


Issue Break up

Category Issue Size Allocation Issue Size (Rs. in Crs) Issue Size (Rs. in Crs)
  Lower Band Upper Band
Employee   80 81
QIB 50% 2031 2073
NIB 15% 609 622
Retail 35% 1393 1422
Total 100% 4113 4198

 

Object of the Issue

The objects of the Offer are: (i) to carry out the disinvestment of 34,107,525 Equity Shares by the Selling Shareholder constituting 10% of the Company’s Pre-Offer paid up Equity Share capital the Company; and (ii) to achieve the benefits of listing the Equity Shares on the Stock Exchanges. The Company will not receive any proceeds from the Offer and all proceeds shall go to the Selling Shareholder.

Retail payment chart - Hindustan Aeronautics Limited

No. of Shares Cut off price per share Rs. 1215 (1240-25) Total Amount (Rs.)
12 1215 14580
24 1215 29160
36 1215 43740
48 1215 58320
60 1215 72900
72 1215 87480
84 1215 102060
96 1215 116640
108 1215 131220
120 1215 145800
132 1215 160380
144 1215 174960
156 1215 189540