Hindustan Aeronautics Limited has been conferred with the "Navratna" status by the GoI in June 2007 and the largest DPSU in terms of value of production according to the MoD Annual Report 2016-2017.

They are the 39th largest aerospace company in the world in terms of revenue (in USD million) in 2016 according to Flight International. They are 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.

Bharat Dynamics Limited IPO - Issue Details:

Issuer Hindustan Aeronautics Limited (View Report)
Issue Type 100% Book Built Issue IPO
Issue Period Issue Opens: Mar 16, 2018;
Issue Closes: Mar 20, 2018
Price Brand Rs.1,215 - Rs.1,240 per Equity Share
Issue Size(Rs.) Offer for Sale of 34,107,525 Equity Shares (Rs.4,113* - 4,198^ Cr)
Face Value Rs.10 per Equity Share
Bit Lot 12 Shares and in multiples thereof
Maximum Bid amount for Retail Rs. 2 Lakhs
QIB 50% of the issue size (Rs.2,031* Cr - 2,073^ Cr)
NIB 15% of the issue size (Rs.609* Cr - 622^ Cr)
Retail Individual Bidders 35% of the issue size (Rs.1,393* Cr - 1,422^ Cr)
Employee Reservation Rs. 80* Cr - Rs. 81^ Cr
Retail & Employee Discount Rs.25/- per Equity Share
Mode of Payment ASBA Mandatory (No Cheque will be accepted)
Registrar Karvy Computershare Private Limited
Listing NSE & BSE
Book Running Lead Managers Axis Capital, SBI Capital

* Lower price band; ^ Upper price band

Key Strategies:

  • Expand our operations through partnerships or collaboration
  • Diversify through expansion in new growth areas
  • Diversify further into the civil aircraftsegment for both manufacturing and servicing opportunities
  • Develop in-house capabilities to design and develop specialized products including aero-engines
  • Leverage Existing Cost Advantage
  • Developing Human Capital
  • Optimizing operations towards becoming a lead integrator of aircraft platforms




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