Hindustan Aeronautics IPO
India's state aircraft and helicopter maker listed through a government offer for sale of about 10%, the largest of the defence public sector IPOs.
- Company
- Hindustan Aeronautics (HAL)
- Type
- IPO
- Status
- Completed
- Date
- 20 Mar 2018
- Value
- INR 40.55bn
- US$ equivalent
- US$593m
- Value basis
- ₹4,054.66 crore to the Government for 10.03% of HAL; all secondary
- Region
- India
- Segment
- Listed equity
Parties
- Hindustan Aeronautics issuer
- Government of India (Ministry of Defence) selling shareholder
Key terms
- Offer
- Offer for sale by the President of India, acting through the Ministry of Defence
- Bid/offer period
- 16-20 Mar 2018
- Book running lead managers
- SBI Capital Markets and Axis Capital
- Government holding after
- 89.97%
Sources
- SEBI: Hindustan Aeronautics Limited red herring prospectus sebi.gov.in · 7 Mar 2018
- DIPAM: disinvestment receipts 2017-18 dipam.gov.in · 2018
Record DEF-INV-2018-0013. Investments are kept apart from the financings register and never counted in debt totals.
