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.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
16-Mar-2018
20-Mar-2018
₹ 1,215.00
₹ 0.00
Minimum Application for shares in Nos : 12.0
Further Multiples of : 12.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
19.50
Axis Capital Ltd
Project Financed through Current Offer
4,113.13
Post Issue Equity Share Capital
334.39
Issue Price
₹1,215.00
Projects
Disinvestment of 34107525 Shares by the Selling Shareholders