HAL announces to launch its IPO soon

A buzz was created in the market, as HAL’s managing director T Suvarna Raju informed a leading news portal that the state owned aerospace and defence major will be launching its IPO by July or August in the current year 2017.  
 
The aerospace and defence company’s IPO launched had got delayed due to some reservations about putting the data of the company in public domain. Suvarna Raju, however, assured that the company’s IPO plans will see its day-break as the company’s previous year financial data audit reaches its completion.

Suvarna Raju has of late expressed about the readiness of the company’s IPO launch plans in Aero India 2017 too. The company is speculated to divest about 10 per cent of its shares with the IPO launch.    
 
Till now, the year 2017 has witnessed a string of IPO launches, with 10 IPOs generating a sum of Rs 14,521.60 crore for the India Inc. In the beginning of the year, about 13 IPOs worth Rs 6,500 crore were awaiting SEBI approvals to hit the bourses, while eight more companies with a total size of Rs 4,700 crore were already filing draft papers for the IPO launch with SEBI.   
 
2016 witnessed as many as 26 IPOs raising over Rs 26,000 crore during the year, while nearly Rs 13,564 crore was generated from IPOs by 21 issuers in the year 2015.    
 
NSE, GoAir, Vodafone India, SBI Life Insurance, and Cent Bank Home Finance (CBHFL) are some of the awaited IPOs of the year 2017.