PSU IPOs get cold shoulder from investorsThe lack of investor appetite is reflected in post-listing returns on the secondary market.
Hindustan Aeronautics to make stock market debut todayShares of the company will list on BSE and NSE, the firm said.
Greed or fear? Why IPOs of HAL, ICICI Securities went under-subscribedHNIs and retail investors gave cold shoulder to both HAL and ICICI Securities.
HAL public offer fails to gather full subscriptionAnalysts said the weak market sentiment could have spoiled sentiment for the issue.
Hindustan Aeronautics IPO subscribed 45% on Day 2The Rs 4,200-crore IPO consists entirely of an offer for sale (OFS) of 10.2 per cent stake by the government.
Hindustan Aeronautics IPO; will this fighter jet maker fly high on D-Street?HAL is the largest Defence Public Sector Undertaking in terms of value of production.
HAL’s valuation and earnings visibility make it a good buyHeadquartered in Bengaluru, HAL is a PSU under the Ministry of Defence.
Hindustan Aeronautics sets Rs 1,215-1,240 price band for IPOSBI Capital Markets, along with Axis Capital, is the book running lead manager to the offer.
Initiated process of IPO with filing of DRHP: Hindustan AeronauticsThe Union government had in 2012 approved the sale of a 10 per cent stake in HAL.
Hindustan Aeronautics to hit markets by December-endThe government in 2013 appointed four merchant bankers- SBI Cap, Goldman Sachs, Barclays and Axis Capital -for managing the stake sale of H...
HAL to hit market in H2 FY'15 as first PSU IPO after 30 monthsThe initial share sale offer to offload 10% stake in HAL is expected to hit the markets only in the second half of the current fiscal endin...
HAL share sale likely before March endHindustan Aeronautics Ltd (HAL) is expected to come out with its initial share sale to offload 10 per cent stake in the current fiscal endi...
Hindustan Aeronautics disinvestment likely in second half of fiscal"We will start HAL disinvestment process shortly. The stake sale is likely around November-December," a Finance Ministry official said.
Govt approves disinvestment of 10% stake in HALScience and Technology Minister, Jaipal Reddy, did not clarify on the timeline of the divestment or on the price the government expects to ...
- Disinvestment of Hindustan Aeronautics Ltd in process: Government
Government said the process to disinvest shares in HAL is on but acknowledged that the Indian Air Force is dissatisfied.
Budget gains in mind, Hindustan Aeronautics Limited selloff may be pushed to MarchThe Finance Ministry may bring the public offer for HAL only after the budget, hoping to capture the increase in valuations of the company.
- HAL IPO gets bids from 9 investment bankers including Goldman Sachs, Morgan Stanley and Barclays
The six Indian banks that have also submitted bids are ICICI Securities, Enam, Kotak Bank, IDFC Securities, Edelweiss and IDBI Capital.