Hindustan Aeronautics Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Hindustan Aeronautics Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 34,107,525# equity shares of face value of Rs.10 each ("equity shares") of Hindustan Aeronautics Limited (the "company" or the "issuer") through an offer for sale by the President of India, acting through the department of defence production, Ministry of Defence, Government of India (the "selling shareholder"), for cash at a price of Rs. 1,215* per equity share (the "offer price"), aggregating to Rs.4113.13# Crores (the "offer") the offer shall constitute 10.20% of the post-offer paid-up equity share capital of the company. The offer comprises of a net offer (defined below) of 33,438,750 equity shares and an employee reservation portion (defined below) of up to 668,775 equity shares. The offer and the net offer shall constitute 10.20% and 10%, respectively of the post-offer paid-up equity share capital of the company. The face value of the equity shares is Rs.10 each. The offer price is 121.5 times the face value of the equity shares. *a discount of Rs. 25 per equtiy share on the offer price was offered to retail individual bidders ("retail discount") and to eligible employees (defined below) bidding in the employee reservation portion ("employee discount"). # subject to final subscription figures and finalisation of the basis of allotment.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Company depend heavily on MoD contracts. A decline or reprioritisation of funding in the Indian defence budget, that of customers including the Indian Army, Indian Air Force and Indian Navy (the "Indian Defence Services"), Indian Coast Guard, Border Security Force, Central Reserve Police Force and Paramilitary forces or delays in the budget process could adversely affect its ability to grow or maintain its sales, earnings, and cash flow.
- As a result of national securities concerns, certain information in relation to Company's business and operations is classified as `secret and confidential' pursuant to which it have not disclosed such information in this Prospectus nor provided such information to the BRLMs and other intermediaries and advisors involved in the Offer.
- The MoD contracts are not always fully funded at inception and are subject to termination. Company's inability to fund such contracts at the time of inception or any termination could have a material adverse effect on its financial condition and results of operations.
- Company is not in compliance with certain provisions of the Companies Act and/or SEBI Listing Regulations in relation to terms of reference of the Audit Committee and the Nomination and Remuneration Committee.
- Ongoing disclosure of information in relation to Company after the listing of the Equity Shares on the Stock Exchanges may be limited and may not be in compliance with the SEBI Listing Regulations and other applicable laws.