Mumbai: Retail investors could subscribe to the offer for sale (OFS) of Hindustan Aeronautics (HAL) for an upside of 15-20% in a year as the company’s near-term outlook looks bright due to stable margins and sustained double-digit earnings growth.
The government is selling up to 3.5% stake in HAL through an OFS to raise around ₹2,867 crore. The government has set a floor price of ₹2,450 a share. The OFS will be open for retail investors on Friday, March 24. About 10% of the offer size is reserved for retail investors, subject to the receipt of valid bids.
