For Quick Alerts
For Daily Alerts

    Hindustan Aeronautics IPO Subscribed 24% on First Day


    The Rs 4,230-crore initial public offer of state-owned Hindustan Aeronautics Limited (HAL) was subscribed 24 percent on the first day of bidding on Friday.

    Hindustan Aeronautics IPO Subscribed 24% on First Day

    The issue through which the company aims to raise Rs 4,230 crore received bids for 81,09,300 shares against the total issue size of 3,41,07,525 shares, as per data available with the NSE till 5 pm on Friday.

    The category reserved for qualified institutional buyers (QIBs) was subscribed 43 percent, non-institutional investors 1 percent and retail investors 7 percent.

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

    The Bengaluru-based firms IPO is of up to 34,107,525 shares. SBI Capital Markets and Axis Capital are managing the IPO. The shares are proposed to be listed on BSE and NSE.

    Source: PTI

    Story first published: Saturday, March 17, 2018, 10:48 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    Notification Settings X
    Time Settings
    Clear Notification X
    Do you want to clear all the notifications from your inbox?
    Settings X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more