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Housing and Urban Development Corporation Ltd IPO (HUDCO IPO) Detail

May 8, 2017 - May 11, 2017

HUDCO IPO is a book built issue of Rs 1,224.35 crores.

HUDCO IPO bidding started from May 8, 2017 and ended on May 11, 2017. The allotment for HUDCO IPO was finalized on Wednesday, May 17, 2017. The shares got listed on BSE, NSE on May 19, 2017.

HUDCO IPO price band is set at ₹56 to ₹60 per share. The minimum lot size for an application is 200 Shares. The minimum amount of investment required by retail investors is ₹12,000.

The issue includes a reservation of up to 3,868,747 shares for employees offered at a discount of Rs 2 to the issue price.

ICICI Securities Limited, Idbi Capital Market Services Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd and SBI Capital Markets Limited are the book running lead managers of the HUDCO IPO, while Alankit Assignments Ltd is the registrar for the issue.

Refer to HUDCO IPO RHP for detailed information.

HUDCO IPO Details

IPO Date May 8, 2017 to May 11, 2017
Listing Date May 19, 2017
Face Value ₹10 per share
Price Band ₹56 to ₹60 per share
Lot Size 200 Shares
Total Issue Size204,058,747 shares
(aggregating up to ₹1,224.35 Cr)
Retail Discount Rs 2 per share
Employee Discount Rs 2 per share
Issue Type Book Built Issue IPO
Listing At BSE, NSE

HUDCO IPO Reservation

HUDCO IPO offers 204,058,747 shares. 100,095,000 (49.05%) to QIB, 30,028,500 (14.72%) to NII, 70,066,500 (34.34%) to RII, 3,868,747 (1.90%) to employees. 350,332 RIIs will receive minimum 200 shares and (sNII) and (bNII) will receive minimum 3,400 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered100,095,000 (49.05%)NA
NII (HNI) Shares Offered30,028,500 (14.72%)
Retail Shares Offered70,066,500 (34.34%)350,332
Employee Shares Offered3,868,747 (1.90%)NA
Total Shares Offered204,058,747 (100%)

HUDCO IPO Timeline (Tentative Schedule)

HUDCO IPO opens on May 8, 2017, and closes on May 11, 2017.

IPO Open Date Monday, May 8, 2017
IPO Close Date Thursday, May 11, 2017
Basis of Allotment Wednesday, May 17, 2017
Initiation of Refunds Thursday, May 18, 2017
Credit of Shares to Demat Thursday, May 18, 2017
Listing Date Friday, May 19, 2017
Cut-off time for UPI mandate confirmation 5 PM on May 11, 2017

HUDCO IPO Lot Size

Investors can bid for a minimum of 200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 200 ₹12,000
Retail (Max) 16 3200 ₹192,000
Lot Size Calculator

About Housing and Urban Development Corporation Ltd

Incorporated in 1970, Housing and Urban Development Corporation Ltd (HUDCO) is a wholly-owned Government company with more than 46 years experience in providing loans for housing and urban infrastructure projects in India. They provides long term finance for construction of houses and to undertake housing and urban infrastructure development programs. Apart from the financing operations, Hudco offers consultancy services, promotes research and studies and help propagate use of local building materials, cost-effective and innovative construction technologies.

HUDCO offers loans for housing projects, such as urban and rural housing, co-operative housing, community toilets, slum upgradation, staff housing, repairs and renewals, private sector projects, land acquisition, and housing programs. They also offers take out finance for housing and infrastructure projects to state government, public agencies, and private corporate sector agencies.

Company provide loans for implementing agencies comprising state government bodies, co-operative societies, corporate employers, and community sectors; and building technology and rent to own schemes. It also provides finance for infrastructure projects in the sectors of water supply, sewerage, drainage, solid waste management, roads and transport, and electricity in the urban areas; and social infrastructure component, such as play/primary schools, working women hostels, health centers, play grounds, police stations, courts, jails, crematorium, etc. In addition, the company offers consultancy services, including URP services, environmental engineering, and government programs consultancy services; and disaster mitigation services. Further it provides home loans for individual.

Company Financials

Summary of financial Information
Particulars For the year/period ended (in Rs. Million)
31-Dec-16 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets 360,975.4 358,815.8 331,137.4 302,244.0 269,489.4 274,951.7
Total Revenue 26,779.9 33,500.8 34,278.5 30,028.8 29,213.4 27,786.4
Profit After Tax (PAT) 4,962.9 8,106.1 7,683.2 7,339.7 6,996.9 6,215.7

Objects of the Issue (HUDCO IPO Objectives)

The object of the issue are to:

1. Carry out the disinvestment of 200,190,000 Equity Shares by the Selling Shareholder constituting 10% of the Company’s pre-Offer paid up Equity Share capital Company; and
2. To achieve the benefits of listing the Equity Shares on the Stock Exchanges.

HUDCO IPO Review (Apply)

[Dilip Davda]  Being PSU offer for just 10 per cent of the total paid up capital and bright prospects for the segment in coming years, investors may consider investment for medium to long term. Read detail review...


HUDCO IPO Subscription Status (Bidding Detail)

The HUDCO IPO is subscribed 79.53 times on May 11, 2017 5:00:00 PM. The public issue subscribed 10.79 times in the retail category, 55.45 times in the QIB category, and 330.36 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB55.45
NII330.36
Retail10.79
Employee0.74
Total79.53

HUDCO IPO Prospectus

HUDCO IPO Rating

3339
4.2
Rating:Rated 4.2 stars
Vote Here ...

HUDCO IPO Listing Details

Listing Date May 19, 2017
BSE Script Code 540530
NSE Symbol HUDCO
ISIN INE031A01017
Final Issue Price ₹60 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹60.00
₹73.45
₹70.55
₹77.80
₹72.50
NSE
₹60.00
₹73.00
₹71.00
₹77.85
₹72.55

Check IPO Performance…

Housing and Urban Development Corporation Ltd Contact Details

Housing and Urban Development Corporation Ltd
HUDCO Bhawan,
India Habitat Centre, Lodhi Road,
New Delhi 110 003
Phone: +91 11 2464 9610 - 27
Email: cswhudco@hudco.org
Website: http://www.hudco.org

HUDCO IPO Registrar

Alankit Assignments Ltd

Phone: (011) 4254 1234
Email:
Website: http://ipo.alankit.com/

HUDCO IPO FAQs

HUDCO IPO is a main-board IPO of 204,058,747 equity shares of the face value of ₹10 aggregating up to ₹1,224.35 Crores. The issue is priced at ₹56 to ₹60 per share. The minimum order quantity is 200 Shares.

The IPO opens on May 8, 2017, and closes on May 11, 2017.

Alankit Assignments Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The HUDCO IPO opens on May 8, 2017 and closes on May 11, 2017.

HUDCO IPO lot size is 200 Shares, and the minimum amount required is ₹12,000.

You can apply in HUDCO IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for HUDCO IPO will be done on Wednesday, May 17, 2017, and the allotted shares will be credited to your demat account by Thursday, May 18, 2017. Check the HUDCO IPO allotment status.

The HUDCO IPO listing date is on May 19, 2017.
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HUDCO IPO Message Board

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4705 Comments

2415. Thapan |   Link |  Bookmark |July 24, 2017 7:04:22 PM
HUDCO reports 52% YoY rise in net profit at Rs 211 crore in Q1. Can we expect a big rally in the stock tomorrow?

Experts Please comment.

Read more at:
http://economictimes.indiatimes.com/articleshow/59739665.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
2414. chennai tamizhan |   Link |  Bookmark |July 13, 2017 8:50:07 PM
The stocks would rally for another ten days due to commencement of hudco board meeting which plans to raise more funds for new projects and also a dalal street stalwart as reportedly bought a huge stake in it.
http://economictimes.indiatimes.com/markets/stocks/news/cdsl-hudco-au-small-bank-jump-over-10-whats-driving-newly-listed-stocks/articleshow/59576375.cms
2413. Msharma |   Link |  Bookmark |July 13, 2017 6:29:36 PM
Most of IPO holders are exit now. . could see 120 soon.
2412. Nidhike |   Link |  Bookmark |July 13, 2017 2:23:41 PM (300+ Posts, 500+ Likes)
Tgt 100 Hit

On way to @120/-

Cheers!!!!!😍
2411. Mitesh Kasliwal |   Link |  Bookmark |July 12, 2017 12:58:31 PM
I am a new investor. Please suggest whether to hold or sell HUDCO.
2411.1. TSK |   Link |  Bookmark |July 12, 2017 1:45:04 PM
I am old investor still I ma not sure whether to hold or sell :), keep a trailing stop loss (revise the stop loss upwards as the price moves up) and hold.
2411.2. KaranDoor |   Link |  Bookmark |July 13, 2017 1:57:49 PM
Start selling in low amounts. Keep 50 percent for next bull run.
2410. Prakash Baheti |   Link |  Bookmark |July 12, 2017 1:43:02 PM
Market blast bcoz of hudco
2409. rvr |   Link |  Bookmark |July 11, 2017 11:28:05 AM
Firing in all cylinders
2408. OSR |   Link |  Bookmark |July 11, 2017 10:48:06 AM
HUDCO time started now.... going up!!!
2407. WeWake |   Link |  Bookmark |July 5, 2017 11:43:04 PM
HUDCO may fall tomorrow. Better to exit now and book profit, then re enter at dip.
No doubt it has strong fundamentals but corruption case is cooked up against its management.

Stay tuned to news related to HUDCO.

Happy Investing!!
2406. Chintan Joshi |   Link |  Bookmark |July 4, 2017 11:34:48 AM
Hello Friends,

HDFC BANK payment hold........

Best of luck for allotment.
2405. cooldave |   Link |  Bookmark |June 27, 2017 7:00:10 PM
I haven''t sold shares for HUDCO. Have read that it will perform better, but daily its valuation is decreasing. Please suggest.
2404. CA M&co.Jodhpur |   Link |  Bookmark |June 26, 2017 3:19:02 PM
Hold for long time for good return
Strong fundamental company.
2403. DGGuj |   Link |  Bookmark |June 23, 2017 7:57:42 AM
Dear Septa / Eaglevye,

I have 200 HUDCO alloted, and could not sale on listing.. Seek your Advise as it is getting Down... Should I Hold or Sale at this level..Please Guide...Thanks
2402. pramod k bhadrekhi |   Link |  Bookmark |June 21, 2017 11:03:48 AM
sir plz any suggestion of hudco, i sell or hold, and how much time
2401. Kick |   Link |  Bookmark |June 20, 2017 3:11:01 PM
How much subscription till now????
2400. Vicky Modi |   Link |  Bookmark |June 19, 2017 12:56:16 PM
Any view on holding off hudco for 1 year??
2399. CA M&co.Jodhpur |   Link |  Bookmark |June 15, 2017 11:08:21 AM
Start upmove from today..cmp 70.15
Target 74.55-78.10 in short term
2398. Septa |   Link |  Bookmark |June 14, 2017 11:13:35 PM (4000+ Posts, 4600+ Likes)
i was just going through some MF news letter HUDCO 10000 crs changed hands when the issue was only 1000 cr is it typo or something else ?
2398.3. kabra |   Link |  Bookmark |June 15, 2017 8:14:16 AM
sorry. replace our with your call
2398.4. hsc |   Link |  Bookmark |June 15, 2017 9:53:37 AM
Septa sir ,

Please guide me on Advenzymes. My average price is Rs.400 should I buy more to lower my price . I just want to know your views which one is helpful to me.
thanks
with regards
hsc
2397. CA M&co.Jodhpur |   Link |  Bookmark |June 2, 2017 4:52:54 PM
Buying Recommendation.
Strong fundamental company.
2397.1. Ranga |   Link |  Bookmark |June 5, 2017 10:49:51 AM
HUDCO is going to declare 10% dividend. Enjoy
2397.2. AKH |   Link |  Bookmark |June 10, 2017 11:42:42 AM
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
dividend declared almost INR0.05 per equity share
2396. gamble |   Link |  Bookmark |May 26, 2017 9:23:06 AM (1600+ Posts, 3900+ Likes)
It''s just 3 days.. ..and look at return

Kiri blasting 13% after robust result

2383.5. gamble May 23, 2017 4:38:09 PM IST 4 |
IPO Guru (1100+ Posts, 900+ Likes)
Well well u can''''t get any better than this...


This 5 also keep on radar

Can look as a fresh
1) kiri industry
2) prabhat dairy
3) hindustan media


On dips
4) cholamandalam fin
2396.15. Hellrazor |   Link |  Bookmark |May 31, 2017 10:15:27 PM
Kiri is very good pick. But cases with dyster is holding it back. If thy loose that case there will be some financial impact on its balance sheet
2396.16. Futurze Avenue |   Link |  Bookmark |June 1, 2017 10:28:42 AM
Sun, Glenmark & entire pharma pack is moving now...