[.]| Listing at BSE, NSE | Wed, Jan 9, 2013 - Thu, Feb 7, 2013
Housing & Urban Development Corp.Ltd. NCD issue is a public issue of , issued under a Shelf Prospectus of ₹[.] Cr with a base issue size of ₹[.] Cr and an option to retain oversubscription up to ₹[.] Cr, aggregating to a tranch issue size of ₹[.] Cr. The NCDs are offered at a face value ₹1000 each and an issue price of ₹1000 per NCD.
Housing & Urban Development Corp.Ltd. NCD issue opens on Jan 9, 2013 and closes on Feb 7, 2013. NCD are proposed to be listed on NSE and BSE.
The minimum lot size is NCDs, requiring a minimum investment of ₹[.] , while the market lot for trading is NCD.
The issue offers interest rates ranging from per annum to per annum, depending on the series and tenure selected.
Axis Capital Ltd. is the Lead Manager to the issue, is the Debenture Trustee, and Kfin Technologies Ltd. is the Registrar to the Issue.
Investors are advised to refer to the [.] for detailed information on risk factors, financials, and the terms of the issue.
Open Date
Wed, Jan 9, 2013
Close Date
Thu, Feb 7, 2013
Issue Size (Overall)
[.]
The Housing and Urban Development Corporation Ltd. (HUDCO) was incorporated on April 25, 1970 under the Companies Act 1956, as a fully owned enterprise of the Government of India. HUDCO was aimed at accelerating the pace of construction and elimination of housing shortages and for orderly development of urban centres.
Major Objective of HUDCO are:
1. To provide long term finance for construction of houses for residential purposes or finance or undertake housing and urban development programmes in the country.
2. To finance or undertake, wholly or partly, the setting up of new or satellite town.
3. To subscribe to the debentures and bonds to be issued by the State Housing (and or Urban Development) Boards, Improvement Trusts, Development Authorities etc., specifically for the purpose of financing housing and urban development programmes.
4. To finance or undertake the setting up of industrial enterprises of building material.
5. To administer the moneys received, from time to time, from the Government of India and other sources as grants or otherwise for the purposes of financing or undertaking housing and urban development programmes in the country.
5. To promote, establish, assist, collaborate and provide consultancy services for the projects of designing and planning of works relating to Housing and Urban Development programmes in India and abroad.
The funds proposed to be raised through the Issue shall be utilized towards:
1. lending purposes;
2. working capital requirements;
3. augmenting the resource base of the Company and other operational requirements (including debt servicing, which includes servicing of both the principal amounts as well as interest payments of
various debt facilities availed by the Company in the past and currently outstanding in its books of accounts, including loans and market borrowings.
Sorry, we couldn't find the subscription details. Please revisit us for live bidding.
Housing & Urban Development Corp.Ltd.
HUDCO Bhawan, Core - 7A,
India Habitat Centre,
Lodhi Road, New Delhi, 110003
New Delhi, New Delhi, 110003
NSE and BSE offer NSEgoBid and BSEDirect apps/websites through which retail investors can apply for NCDs up to Rs 5 lakhs. Not all brokers and banks provide the facility to apply for NCD online.
To apply for an NCD online, the investor should fill in the NCD bid details online and provide the details of the DP and bank accounts (ASBA/UPI) as requested. In the case of a UPI application, the investor needs to approve the UPI mandate to complete the application process.
Steps to invest in NCD IPO through GoldenPi
Retail investors can apply for an IPO online if the investment amount is less than or up to 10 lakhs.
Steps to apply for NCD IPO with Indiabonds:
You can buy or invest in NCD IPOs through the following intermediaries:
The investor can apply for the NCD IPO online through NCD intermediaries such as a registered stockbroker, provided the broker offers an online application for the NCD IPO. Not many brokers allow you to invest in an NCD IPO online. Currently, very few brokers, such as Nuvama Wealth, Angel One, and SBI Securities, offer the facility to apply for NCD IPOs electronically. You should check with your broker or intermediary to see if the online application facility for the NCD IPO is available through them.
Refer to the detailed guidelines on NSEgoBID and BSEDirect for information on the registration process and how to apply for NCDs through the exchange.
Important links :
Read more about NCD Application Process.
The minimum amount required for NCD investment is Rs. 10,000.
Generally, the minimum lot size of NCD is 10, and the face value is 1,000.
NCD allotment can be checked on the BSE website or with the Registrar once the allotment has been made.
Steps to check the NCD allotment status at the BSE:
Alternatively, the applicant can also check the allotment status on the respective website of the Registrar for the issue. The applicant will need their PAN details or the applicant's Aadhaar number to check the status.
Generally, all applicants receive full allotment due to the retention of the oversubscription option.
Read more information on NCD Subscription and NCD Allotment Process.
No, you cannot withdraw or redeem Housing & Urban Development Corp.Ltd. NCDs before maturity directly from the company. However, there are a couple of options available if you want to exit early:
If the NCDs are listed on stock exchanges (like BSE/NSE), you can:
Only possible if a "call option" exists.
Read more about NCD Subscription and Allotment Process
Bid Cancellation and Withdrawal Policy for NCD Applicants
Note:
The specific process and conditions for post-closure cancellation vary by issuer. Applicants should refer to the Offer Document for issuer-specific guidelines.
