Hindustan Aeronautics among upcoming IPOs

Adding to the long list of IPOs in 2017, the market regulator Security and Exchange Board of India (SEBI) granted its approval to the IPO proposal of four companies including the state-owned Hindustan Aeronautics. 

The other firms that received the IPO approval included Future Supply Chain Solutions, Gandhar Oil Refinery (India) and Aster DM Healthcare. All the four companies had filed their draft papers with the market regulator between August and September this year. 

In accordance with the government's fund-raising plan, the Hindustan Aeronautics' IPO will be offering 3.61 crore shares, constituting to 10  per cent , as per the company's draft papers. 

While the public issue of Future Supply Chain Solutions will consist of an offer for sale of up to 78,27,656 equity shares by Griffin Partners and up to 19,56,914 equity shares  by  Future Enterprises, with expects to raise up to Rs. 700 crore. Gandhar Oil Refinery will be offering a fresh issue of equity shares worth Rs. 195 crore and an offer sale of up to 6 lakh scrips through the initial public offering.