# Hindustan Aeronautics IPO details and application process
**URL:** https://tradingqna.com/t/hindustan-aeronautics-ipo-details-and-application-process/35328
**Category:** IPOs
**Created:** [March 14, 2018, 1:39pm UTC](https://tradingqna.com/t/hindustan-aeronautics-ipo-details-and-application-process/35328 "2018-03-14T13:39:11Z")
**Posts on this page:** 7
**Page:** 1
### Author:  [@suresh](https://tradingqna.com/u/suresh)
#### Post date: [March 14, 2018, 1:39pm UTC](https://tradingqna.com/t/hindustan-aeronautics-ipo-details-and-application-process/35328/1 "2018-03-14T13:39:11Z")
The IPO of Hindustan Aeronautics Limited opens on 16 March and closes on 20 March. The company is offering shares in the price band of Rs 1215 - Rs 1240. **A discounts of Rs 25 per share will be applicable to retail investors and employees.**
**About Hindustan Aeronautics Limited**
HAL engages in the design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including, aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures. The company is also a Navaratna. Indian Defence accounts for about 93%(As of FY17) of the company’s revenues.
The company’s operations are organized into 5 complexes Its - Bangalore Complex, MiG Complex, Helicopter Complex, Accessories Complex, and Design Complex. They include 20 production divisions and 11 research and design facilities located across India.
As of December 31st the orderbook of the company stood at Rs 68,461 crore.
**Purpose of the issue**
The entire proceeds of the issue will go to govt. The IPO is necessitated in part to meet the disinvestment target of the govt.
**Issue details**
The issue consists of an offer for sale (OFS) 36,150,000 shares.
**IPO schedule**
Issue opens - March 16th
Issue close - March 20th
Issue size - ₹ 4216 crores at the upper end of the price band.
Listing on both NSE and BSE
Retail portion - 35%
Bid lot - 12 shares
Basis of allotment - 26 March
Refunds - 27 March
Credit of shares - 27 March
Listing 28 March
**Follow these steps to apply for an IPO**
> [@How to apply for an IPO with your Zerodha account?](https://tradingqna.com/t/how-to-apply-for-an-ipo-with-your-zerodha-account/10597):
>
> This is an example on how to apply for an IPO.
**Keep track of all the upcoming IPOs here**
> [@List of upcoming IPO's](https://tradingqna.com/t/list-of-upcoming-ipos/11400):
>
> Keep track of all the upcoming IPO issues.
**Are you applying for this IPO?**
_Poll ([view on site](https://tradingqna.com/t/hindustan-aeronautics-ipo-details-and-application-process/35328/1))_
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### Author:  [@Bhuvan](https://tradingqna.com/u/Bhuvan)
#### Post date: [March 16, 2018, 2:22am UTC](https://tradingqna.com/t/hindustan-aeronautics-ipo-details-and-application-process/35328/2 "2018-03-16T02:22:29Z")
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### Author:  [@virgopal](https://tradingqna.com/u/virgopal)
#### Post date: [March 27, 2018, 4:34am UTC](https://tradingqna.com/t/hindustan-aeronautics-ipo-details-and-application-process/35328/3 "2018-03-27T04:34:03Z")
I got 12 shares of HAL allotted in IPO. When will it reflect in my Zerodha Demat a/c?
Thanks
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### Author:  [@Bhuvan](https://tradingqna.com/u/Bhuvan)
#### Post date: [March 27, 2018, 4:34am UTC](https://tradingqna.com/t/hindustan-aeronautics-ipo-details-and-application-process/35328/4 "2018-03-27T04:34:28Z")
> [@virgopal](#):
>
> I got 12 shares of HAL allotted in IPO. When will it reflect in my Zerodha Demat a/c?
>
> Thanks
On the listing day.
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### Author:  [@virgopal](https://tradingqna.com/u/virgopal)
#### Post date: [March 27, 2018, 11:23am UTC](https://tradingqna.com/t/hindustan-aeronautics-ipo-details-and-application-process/35328/5 "2018-03-27T11:23:12Z")
Thanks
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### Author:  [@AmJay](https://tradingqna.com/u/AmJay)
#### Post date: [March 27, 2018, 11:32am UTC](https://tradingqna.com/t/hindustan-aeronautics-ipo-details-and-application-process/35328/6 "2018-03-27T11:32:33Z")
How to know the listing day?
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### Author:  [@P.A.W](https://tradingqna.com/u/P.A.W)
#### Post date: [March 27, 2018, 12:55pm UTC](https://tradingqna.com/t/hindustan-aeronautics-ipo-details-and-application-process/35328/7 "2018-03-27T12:55:36Z")
It’s listing tomorrow i.e 28th March, mentioned in the above post itself 🙂