Hindustan Aeronautics Ltd's Rs 42-bn IPO subscribed 45% on Day Two
HAL is an aerospace company engaged in the manufacturing and repair of aircraft and helicopters
 "Hindustan Aeronautics Ltd's Rs 42-bn IPO subscribed 45% on Day Two")
premium
The Rs 42-billion IPO of Hindustan Aeronautics (HAL) was subscribed 45 per cent on Monday, a day before its close. The offering got bids for 15.4 million shares against 34.1 million on offer. The price band for the IPO is Rs 1,215 to Rs 1,240 per share.
Retail investors are being offered a discount of Rs 25 on the allotment price. The IPO is entirely an offer for sale by the government, whose shareholding in the company will drop from 100 per cent to 89.9 per cent post the IPO.
HAL is an aerospace company engaged in the manufacturing and repair of aircraft and helicopters.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%