| Initial public offering of 34,107,525# equity shares of face value of Rs.10 each ("equity shares") of Hindustan Aeronautics Limited (the "company" or the "issuer") through an offer for sale by the President of India, acting through the department of defence production, Ministry of Defence, Government of India (the "selling shareholder"), for cash at a price of Rs. 1,215* per equity share (the "offer price"), aggregating to Rs.4113.13# Crores (the "offer") the offer shall constitute 10.20% of the post-offer paid-up equity share capital of the company. The offer comprises of a net offer (defined below) of 33,438,750 equity shares and an employee reservation portion (defined below) of up to 668,775 equity shares. The offer and the net offer shall constitute 10.20% and 10%, respectively of the post-offer paid-up equity share capital of the company.
The face value of the equity shares is Rs.10 each. The offer price is 121.5 times the face value of the equity shares.
*a discount of Rs. 25 per equtiy share on the offer price was offered to retail individual bidders ("retail discount") and to eligible employees (defined below) bidding in the employee reservation portion ("employee discount").
# subject to final subscription figures and finalisation of the basis of allotment.
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