Hindustan Aeronautics IPO

The Hindustan Aeronautics Limited (HAL) plans to boost its revenues through focussed efforts on the export of accessories related to aircraft and other platforms, a senior official has said. In an interaction with mediapersons at the HAL's accessories division here on Wednesday, the official also said the platforms and components made by the state-run firm now reach "nearly 30 countries". He emphasised that the HAL is already working with the government to deepen domestic capability across aircraft systems, while endeavouring to widen its export footprint. The defence public sector undertaking (PSU) has plans to ramp up revenues through the export of accessories related to aircraft and other platforms, including Dornier Do-228, he said. "This is part of focussed efforts at the corporate level," the official working with the HAL's accessories division said. The division supports this strategy through documentation, post-sale engineering support and modification services, officials

The stock listed at Rs 1,152, a 5% below against its issue price of Rs 1,215 on the NSE.

HAL is an aerospace company engaged in the manufacturing and repair of aircraft and helicopters

The offer is in a price band of Rs 1,215-1,240 and will close on March 20

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

Bengaluru-based HAL files its DHRP with Sebi for IPO