What is the price band of the Hindustan Aeronautics IPO?

The price band is ₹1,215–1,240 per share, and the final issue price is ₹1,215.

What is the lot size of the Hindustan Aeronautics IPO?

One lot is 12 shares, so the minimum retail bid is ₹14,880 at the upper end of the price band.

When is the Hindustan Aeronautics IPO listing date?

The shares listed on 28 March 2018.

How many times was the Hindustan Aeronautics IPO subscribed?

It was subscribed 0.99x overall: QIB 1.73x, NII 0.03x and retail 0.39x (NSE and BSE together).

Hindustan Aeronautics IPO

Hindustan Aeronautics Limited (HAL) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 28 March 2018.

Listed 28 Mar Subscribed 0.99x Listing gain -5.2%

Issue details

Price band

₹1,215–1,240

Issue price

₹1,215

Lot size

12 shares

Min. retail bid

₹14,880

Max. retail bid

13 lots (₹1,93,440)

Issue size

₹7,191 Cr

Face value

₹10

Bidding

16 Mar – 20 Mar 2018

Listing

28 Mar 2018

Retail quota

35%

Registrar

Karvy Computershare Private Limited

Discount

Rs.25/- Per Equity Share for Retail and Eligible Employees Category

Listing day

Listed at

₹1,152

-5.2% vs issue price ₹1,215

Day's high

₹1,185

-2.5% · low ₹1,121 (-7.7%)

Day's close

₹1,133

-6.8% · traded ₹196 Cr

Subscription status

Category	Shares offered	Shares bid for	Subscribed
QIB (institutions)	1,67,19,374	2,88,98,568	1.73x
NII (HNI) total	50,15,813	1,74,660	0.03x
Retail	1,17,03,563	45,23,016	0.39x
Employees	6,68,775	1,41,948	0.21x
Total	3,41,07,525	3,37,38,192	0.99x

Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 11% of all shares bid for were at the cut-off price.

Past IPOs with similar demand

Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Hindustan Aeronautics's, and how they listed.

IPO	QIB	NII	Retail	Total	Size	Listing gain	Day high
The New India Assurance CompanyNov 2017	2.34x	0.12x	0.11x	1.19x	₹16,584 Cr	-6.2%	-6.2%
General Insurance Corporation Of IndiaOct 2017	2.25x	0.22x	0.63x	1.38x	₹19,892 Cr	-6.8%	-1.4%
Bharat DynamicsMar 2018	1.50x	0.50x	1.41x	1.30x	₹1,667 Cr	-13.6%	-5.9%
Aster DM HealthcareFeb 2018	2.10x	0.55x	1.18x	1.31x	₹1,010 Cr	-3.7%	-1.1%
HealthCare Global EnterprisesMar 2016	2.36x	0.43x	0.83x	1.56x	₹650 Cr	-3.6%	-2.8%
Varun BeveragesOct 2016	4.94x	0.42x	0.82x	1.86x	₹1,112 Cr	-3.4%	+6.0%

Lead managers and their listing record

Book running lead manager	Mainboard IPOs since 2019	Avg listing gain	Listed at a premium
SBI Capital Markets	56	+16.7%	61%
Axis Capital	107	+20.4%	73%

Offer documents (NSE)

Red Herring Prospectus (zip) Basis of issue price (zip)

Frequently asked

What is the Hindustan Aeronautics IPO price band and lot size? ₹1,215–1,240 per share, with a lot of 12 shares, so the smallest retail bid is ₹14,880.

How many times has it been subscribed? 0.99x overall: QIB 1.73x, NII 0.03x, retail 0.39x, employees 0.21x.

How did it list? It opened at ₹1,152, -5.2% against the issue price of ₹1,215, and closed its first day -6.8%.

Other IPOs of 2018

Dinesh Engineers Garden Reach Shipbuilders & Engineers Aavas Financiers Ircon International HDFC Asset Management Company TCNS Clothing Co.Varroc Engineering RITES All 2018 IPOs →

Important: The AI listing estimates on Flash Finance are statistical estimates drawn from how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell, and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring Prospectus and consult a SEBI-registered adviser before you invest.