HAL offer looks good for retail investors; 15-20% gains likely

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.

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