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Hindustan Aeronautics’ to Launch Rs 42 Billion IPO From March 16

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State-owned Hindustan Aeronautics‘ Rs 42-billion initial public offering (IPO) will remain open for subscription between March 16 and March 20.

This IPO seems to have a great excitement for the potential investors because the defence is getting considered as a major area of growth in India. Defence Manufacturing is under great priority for Government and some world’s leading countries have shown their interest in working with Indian organizations in the area of defence.

In addition, MSMEs in the manufacturing domain are also getting considered as a carriers or the key beneficieries of this sector. On such backdrop, large companies specially HAL seems to have a great potential of attracting such MSMEs who wish to explore the defense sector.

The Hindustan Aeronautics’ offering will entirely be an offer for sale (OFS) by the government as part of its 2017-18 disinvestment programme.

The government is diluting 10.2 per cent of its stake in the Bangalore-based aerospace and Defense Company through the IPO.

The price band for the IPO is Rs 1,215 to Rs 1,240 per share. The centre is offering a discount of Rs 25 per share to retail investors.

Hindustan Aeronautics’ IPO will follow that of Bharat Dynamics, in which the centre is diluting 12 per cent stake to raise around Rs 9.6 billion.

SMEStreet Edit Desk

SMEStreet Edit Desk is a small group of excited and motivated journalists and editors who are committed to building MSME ecosystem through valuable information and knowledge spread.

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