HAL share price

The stake sale would be valued at Rs 2867 crore, based on a floor price of Rs 2450 apiece.

The sale price of Rs 1,001 per share was at a 15 percent discount. Back in 2020, the government had sold 15 percent of its equity stake in the company at Rs 1,001 per share to raise about Rs 5,000 crore via OFS. The stake sale would be valued at Rs 2,867 crore, and the government has set a floor price of Rs 2,450 apiece, which is at a 6.6 percent discount from its current share price.

About 10% of the offer size is reserved for retail investors subject to the receipt of valid bids. The stock exchanges will decide the number of shares eligible ...

"Such non-retail investors choosing to carry forward their un-allotted bids to T+1 day are required to indicate their willingness to carry forward their un-allotted bids while placing their bids on T day," the company said. [Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). About 10% of the offer size is reserved for retail investors subject to the receipt of valid bids. Non-retail investors will have the option to carry forward their unallotted bids from T-day to T+1 day. The company said no discount is being offered to the retail investors. The offer will open for non-retail investors on March 23 and March 24 for retail investors. The non-retail investors can also revise their bids on T+1 day in line with OFS guidelines. The government will garner about Rs 2,867 crore through the OFS. The floor price for the OFS has been fixed at Rs 2,450 per share. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) Under the employees category, about 5% of the offer size could be offered to eligible and willing employees of the company at the cut-off price in the retail category subsequent to completion of the offer. "The government proposes to sell up to 1.75% (58,51,782) equity shares of the face value of Rs 10 each of the company, on March 23 (for non-retail Investors only) and on March 24 (for retail investors and non-retail investors who choose to carry forward their un-allotted bids with an option to additionally sell 1.75% (58,51,781) equity shares," the company said in a filing.

Central Government announced the disinvestment of up to 3.5% stake in Hindustan Aeronautics (HAL) to raise Rs 2867 crore.

The stock touched a 52-week high of Rs 2,915 on 13 March 2023 and a 52-week low of Rs 1,381.90 on 28 March 2022. Today the shares touched an intraday low of Rs 2475 and a high of Rs 2497. [BSE Sensex](https://www.financialexpress.com/about/bse-sensex/) fell over half a percent on Thursday. At the current price of Rs 2492.60, the company’s market capitalisation stands at Rs 83,349.43 crore. The OFS constitutes a base offer size of 1.75% (5.85 million) of equity shares of the face value of Rs 10 each of the company with an option to additionally sell 1.75%, taking the total offer size to 3.5%, according to the company’s notice to the BSE. Hindustan Aeronautics Ltd (HAL) shares tanked 5.5% to Rs 2480.05 on Thursday after the Central Government announced the disinvestment of up to 3.5% stake in Hindustan Aeronautics (HAL) to raise Rs 2,867 crore.

The government, which owns 89.97% stake in HAL, will sell 3.5% equity shares in the aerospace company at a floor price of ₹2450 apiece.

The issue will open on March 23 and closes on March 24. In the quarter ended December 2022, the state-owned company reported a net profit of ₹1,155.2 crore, up 23.8% year-on-year as against ₹933.4 crore in the year-ago period. In the first hour of trade so far, the stock declined as much as 5.7% to hit a low of ₹2,475 on the back of volume trade. In the calendar year 2023, the PSU stock has fallen 2%, while it shed nearly 2% in one month. The floor price for the OFS has been fixed at ₹2,450 per share, a discount of 6.7% to Wednesday closing price on the Bombay Stock Exchange (BSE). The company, which made its market debut in March 2018, has given 120% returns to its shareholders since its listing.

HAL OFS: The offer shall take place on a separate window of the Stock Exchanges on March 23, 2023 ('T' day) and March 24, 2023 ('T+1' day), from 9:15 am to ...

Massive Cash Seizure In Karnataka Ahead Of Elections Offer for Sale in HAL opens tomorrow for Non Retail investors. The floor price for the offer shall be Rs 2,450 per equity share of the company.

THE SHARE price of Hindustan Aeronautics Ltd (HAL) traded in the red on Thursday (March 23) as the government announced its disinvestment plan of up to 3.5% ...

At the current price of Rs 2484.45, the company commands a market capitalisation of Rs 83,076 crore. Hindustan Aeronautics Limited is a government-owned aerospace and defence company in India. THE SHARE price of Hindustan Aeronautics Ltd (HAL) traded in the red on Thursday (March 23) as the government announced its disinvestment plan of up to 3.5% stake for Rs. Currently, the government owns 75.15% of Hindustan Aeronautics Ltd. The floor price has been fixed at Rs 2450 per piece, which is down over 1% from the current price. Meanwhile, in the December quarter of FY23, the company reported a 23% on-year rise in net profit at Rs 1,154 crore.

On Thursday, Hindustan Aeronautics Ltd (HAL) shares tanked nearly 6% after the declaration that the government plans to sell up to 3.5% stake in the defence ...

Even as the size is less than market prospects of around 5%, it eliminates a stock’s overhang, Morgan Stanley highlights. The business holds a healthy order book position of Rs 84,000 crore, estimated as 3.2 times the Trailing 12 Month proceeds, driven by huge aircraft and helicopter manufacturing orders. On Thursday, Hindustan Aeronautics Ltd (HAL) shares tanked nearly 6% after the declaration that the government plans to sell up to 3.5% stake in the defence company under an offer for sale (OFS).

HAL share price: The government on March 22, 2023, announced that it will sell up to a 3.5 per cent stake in HAL at a floor price of Rs 2450 a share if ...

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Hindustan Aeronautics is engaged in carrying out the design, development, manufacture, repair and overhaul of aircraft, helicopters, engines and related ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). According to the shareholding pattern, the government holds a 75.15% stake in the public sector aerospace and defence company. Divestments in state-owned firms are a key revenue-raising measure that helps the government to spend on infrastructure-building. The floor price for the offer is set at Rs 2,450 per equity share, a discount of 6.7% to the closing price of Rs 2,625 per share on Wednesday. At 10.06 am, the stock was trading 5.1% lower at Rs 2,490 over its last day's closing price of Rs 2,625 per share. Retail investors mean individual investors who place bids for shares of a total value of not more than Rs 2,00,000.

The government will be offloading 3.5 per cent stake in HAL through an Offer for Sale at Rs 2450 per share from March 23 - 24, 2023.

For the quarter ended December 2022, the company had reported a 23 per cent jump in net profit at Rs 115.40 crore when compared with Rs 93.76 crore in Q3FY21. The floor price for the OFS was set at Rs 2,450 per equity share, which was at a 6.7 per cent discount to the last closing price. Hence, the near-term bias is likely to remain negative as long as the stock fails to conquer these hurdles. Meanwhile, the S&P BSE Sensex was down 0.5 per cent at 57,943. The Centre owns up to 75 per cent stake in HAL. The aircraft will be supplied over a period of six years.

HAL shares today ended at Rs 2504.75 on the NSE and were down by Rs 120 or 4.57%. The issue for the general category ended today. The OFS for retail ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). The benchmark indices today ended in the red amid profit booking on the day of weekly expiry. The two-day issue ends on Friday. The OFS for retail category is on Friday, March 24, 2022. HAL shares today ended at Rs 2,504.75 on the NSE and were down by Rs 120 or 4.57%. "The seller shall intimate the stock exchange of its intention to exercise the oversubscription after trading hours (i.e. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) [Hindalco Industries](/hindalco-industries-ltd/stocks/companyid-13637.cms)and [Maruti Suzuki](/maruti-suzuki-india-ltd/stocks/companyid-11890.cms)shares were the top gainers while [State Bank of India](/state-bank-of-india/stocks/companyid-11984.cms)( [SBI](/state-bank-of-india/stocks/companyid-11984.cms)) and [Bajaj Auto](/bajaj-auto-ltd/stocks/companyid-21430.cms)were the biggest Nifty50 losers. The share allocation methodology is on the price priority basis. The market lot size is 1 equity share and 10% of the offer size was reserved for retail investors. on or before 5 pm) on March 23, 2023," the information available on NSE said. On the

HAL shares today ended at Rs 2504.75 on the NSE and were down by Rs 120 or 4.57%. The issue for the general category ended today. The OFS for retail ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). The benchmark indices today ended in the red amid profit booking on the day of weekly expiry. The two-day issue ends on Friday. The OFS for retail category is on Friday, March 24, 2022. HAL shares today ended at Rs 2,504.75 on the NSE and were down by Rs 120 or 4.57%. "The seller shall intimate the stock exchange of its intention to exercise the oversubscription after trading hours (i.e. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) [Hindalco Industries](/hindalco-industries-ltd/stocks/companyid-13637.cms)and [Maruti Suzuki](/maruti-suzuki-india-ltd/stocks/companyid-11890.cms)shares were the top gainers while [State Bank of India](/state-bank-of-india/stocks/companyid-11984.cms)( [SBI](/state-bank-of-india/stocks/companyid-11984.cms)) and [Bajaj Auto](/bajaj-auto-ltd/stocks/companyid-21430.cms)were the biggest Nifty50 losers. The share allocation methodology is on the price priority basis. The market lot size is 1 equity share and 10% of the offer size was reserved for retail investors. on or before 5 pm) on March 23, 2023," the information available on NSE said. On the