HAL, the “Navratna” company is a leader in the Indian defence and aviation markets, currently owned 2 trademarks, 7 patents, 11 design registrations and 77 copyrights as of December 31, 2017, plans to double manufacturing line for LCA to 16 per year from the current eight. Further, company have a strong balance sheet, nil borrowings which will help to make investments required for growth plan, including investments in R & D going forward. In addition, strong financial ratios and credit ratings currently enable to have ready access to domestic and international credit markets. Orders to manufacture 40LCA, & the completion of Sukhoi orders will bring in revenue going ahead. The government’s decision to go ahead with LCA for single engine fighter jets requirement will also help the company. Moreover, taking into consideration, the current market opportunities in defense and Government of India’s initiative, ‘Make in India’ aims to boost the nation’s manufacturing sector as well as to create market globally . we recommend to SUBSCRIBE the IPO for long term listing benefits.