Hindustan Aeronautics Ltd IPO

Incorporated in 1963, Hindustan Aeronautics Limited (HAL) is a Bengaluru-based Defence Public Sector Undertakings (DPSU) company engaged 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. HAL is 'Navratna' company since June 2007 and the largest DPSU. It is the 39th largest aerospace company in the world in terms of revenue.

Company has 20 production divisions and 11 R&D centers located across India. Indian Defence Services is the main customer of HAL and account for over 93% of sales. HAL also sells its products and provide services to state governments, para-military forces and corporates.