Hindustan Aeronautics to debut on bourses on March 28
State-owned Hindustan Aeronautics will list its equity shares on exchanges on March 28, 2018.
March 28, 2018 / 09:57 AM IST
Hindustan Aeronautics share price has risen 158 percent to Rs 1300.75 on August 13, as compared to Rs 504.90 on March 23, 2020. FIIs holding in the June quarter was 0.01 percent while in the March quarter there was no holding exist.
State-owned Hindustan Aeronautics will list its equity shares on exchanges on March 28, 2018. The final issue price is fixed at Rs 1,215 per share.
The Rs 4,229-crore initial public offer of state-owned Hindustan Aeronautics was subscribed 99 percent during March 16-20, 2018, supported by QIB.
The category reserved for qualified institutional buyers (QIBs) was oversubscribed 1.73 times while non institutional investors' reserved portion was subscribed 3 percent and retail investors 39 percent.
It was an offer for sale by the Government of India. The IPO price band was at Rs 1,215-1,240 per share.
The book running lead mangers to the issue are SBI Capital Markets and Axis Capital.