Yes, it’s true that state-owned Hindustan Aeronautics will list the equity shares on exchanges on 28th March 2018. This is good news for the investors as they will have the quality shares of a reputable company. The issue price is fixed at INR 1,240 per equity share.

The Initial public offering (IPO) of INR 4,229 Crore of Hindustan Aeronautics was already subscribed 99% during 16-20 March of this year supported by QIB. It was a good offer for sale by the Indian Government and the price band was INR 1,215 – 1240 per equity share.

The lead managers to the issue are Axis Capital and SBI Capital Markets.