State-owned Hindustan Aeronautics IPO (Initial Public Offering) will open on March 16, 2018, to raise its 4,200 crores. Let’s a have a look at the Issue details:

Issue Open: 16th March 2018 – 20th March 2018

Issue Size: 36,150,000 Equity shares

Issue Type: Book Built Issue IPO

Issue Price: INR 1215 – 2240 / share

Minimum Order Quantity: 12 shares

Listing At: BSE, NSE

Promoter: President of India, Ministry of Defense.

About Hindustan Aeronautics:

Started back in 1963, Hindustan Aeronautics Limited (HAL) is a defense public sector undertakings company engaged in development, design, repair, manufacture, overhaul, and servicing of a wide range of aeronautical products like aircraft, aero-engines avionics and aerospace structures.