Hindustan Aeronautics makes tepid start; lists at 4% discount
28/03/2018
Shares of Hindustan Aeronautics made a weak debut at the bourses on Wednesday by listing at Rs 1169, at 3.78 per cent discount against its issue price of Rs 1215 per share on the Bombay Stock Exchange (BSE). The defence firm, which has raised Rs 41.13 billion from the initial public offer (IPO), listed at Rs 1,152 on the National Stock Exchange (NSE). During the day’s trade so far, scrip of the company touched an intra-day high and low of Rs 1184.00 and Rs 1150.00 respectively on the BSE. The initial public offer of Bengaluru-based firm was subscribed 0.99 times only that too on account of higher bid by LIC. The price band for the offer was fixed at Rs 1,215-1240. SBI Capital Markets and Axis Capital managed HAL's initial share sale offer. Meanwhile, the broader benchmark BSE Sensex was trading at 33,056.90, down 117.49 points, or 0.33 per cent, at 12:15 hours.
28/03/2018
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Shares of Hindustan Aeronautics made a weak debut at the bourses on Wednesday by listing at Rs 1169, at 3.78 per cent discount against its issue price of Rs 1215 per share on the Bombay Stock Exchange (BSE). The defence firm, which has raised Rs 41.13 billion from the initial public offer (IPO), listed at Rs 1,152 on the National Stock Exchange (NSE). During the day’s trade so far, scrip of the company touched an intra-day high and low of Rs 1184.00 and Rs 1150.00 respectively on the BSE. The initial public offer of Bengaluru-based firm was subscribed 0.99 times only that too on account of higher bid by LIC. The price band for the offer was fixed at Rs 1,215-1240. SBI Capital Markets and Axis Capital managed HAL's initial share sale offer. Meanwhile, the broader benchmark BSE Sensex was trading at 33,056.90, down 117.49 points, or 0.33 per cent, at 12:15 hours.
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