Hindustan Aeronautics Ltd (HAL) initial public offer (IPO), which closed on 20 March, saw 99% subscription. Mumbai: Shares of Hindustan Aeronautics Ltd (HAL) listed at 7.3% discount on the bourses on Wednesday. At 10.03am, HAL shares were trading at Rs1,169, down 5.7% from its issue price of Rs1,240. While manufacturing accounts for 90% of its order book, maintenance, repair and overhaul (MRO) segment accounts for the rest. Reliance Securities Ltd said HAL can potentially grow in the low-teens range in next 2-3 years given its current order book.

Source: Mint March 28, 2018 04:52 UTC