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.