Housing & Urban Development Corporation Ltd NCD (HUDCO NCD Jan 2016) Detail

Jan 27, 2016 - Feb 10, 2016

Housing & Urban Development Corporation Ltd. (HUDCO) is a techno-financial institution engaged in the financing and promotion of housing and urban infrastructure projects throughout India. Hudco has a pan-India presence through wide network of zonal, regional and development offices and occupies a key position in the GoI's growth plans and implementation of its policies for the housing and urban infrastructure sector.

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.

HUDCO NCD Jan 2016 Detail

Issue OpenJan 27, 2016 - Feb 10, 2016
Security NameHousing & Urban Development Corporation Ltd
Security Type
Issue Size (Base)Rs 500.00 Crores
Issue Size (Shelf)Rs [.] Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size5 NCD
Market Lot5 NCD
Listing AtBSE
Credit Rating
Payment Frequency
Basis of Allotment

NCD Allocation Ratio

NCD's allocated in each investor category:

Category ?NCD's Allocated
Category 10%
Category 20%
Category 30%
Category 40%

Objects of the Issue:

The funds proposed to be raised through the Issue shall be utilized towards:

1. Mobilize funds for its financing activities;
2. Statutory payments;
3. Establishment and administrative expenses;
4. Other working capital requirements of the Company ; and
5. Any other purposes and end-uses as may be allowed by RBI from time to time regulations/guidelines/clarifications issued by RBI.


These bonds are rated 'CARE AAA' by CARE and 'IND AAA' by IRRPL indicating highest degree of safety regarding timely servicing of financial obligations and carry very low credit risk.


This tax free NCDs are bearing coupon rates of 7.02% and 7.39% for 10 yrs and 15 yrs respectively for other then retail category and 7.27% and 7.64% for 10 yrs and 15 yrs for retail category.

Useful Links

HUDCO NCD Jan 2016 Prospectus

HUDCO NCD Jan 2016 Rating

Rating:Rated 4.4 stars

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HUDCO NCD Jan 2016 Reviews

Company Contact Information

Housing & Urban Development Corporation Ltd
HUDCO Bhawan, Core - 7A,
India Habitat Centre,
Lodhi Road, New Delhi, 110003

Phone: +91 11 2464 9610
Email: taxfreebonds@hudco.org
Website: http://www.hudco.org

HUDCO NCD Jan 2016 Registrar

KFintech Private Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000
Website: https://karisma.kfintech.com/

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Share View
12. Share View  Sep 1, 2016 19:35
date ?
Dinesh Analyst
11. Dinesh Analyst  Jul 28, 2016 20:52
Dear can u Share your mobile no I want to talk to u regarding NCD issue
10. RS  Jul 26, 2016 04:42
DHFL NCDs IPO : Apply in quantities to get decent capital appreciation and take advantage of falling interest rates 👍✌
Dilip kothari
9. Dilip kothari  Jul 20, 2016 12:32
Any idea about forthcoming IPOs of ncd of dhfl
8. BADAYA  Jun 26, 2016 20:19
how to apply in bonds
can someone tell
buzzz me
7. buzzz me  Feb 8, 2016 14:55
I got refund today.
Applied 150, got 75.

ashish furia
6. ashish furia  Feb 3, 2016 07:04
What is the retail subscription figures for hudco tax free bonds 2016
Forum Modulator
5. Forum Modulator  Jan 21, 2016 17:34
The information is corrected. Sorry abt that,
Dilip Davda
4. Dilip Davda  Jan 21, 2016 16:52
Hello, thanks for pointing out the mistake in coupon rates for Hudco TFB issue.
Actual rates and terms are as under:

HUDCO is offering secured, redeemable non-convertible debentures having a face value of Rs. 1000 each. This tax free NCDs are bearing coupon rates of 7.02% and 7.39% for 10 yrs and 15 yrs respectively for other then retail category and 7.27% and 7.64% for 10 yrs and 15 yrs for retail category. The base size of this offer is Rs. 500 crore with an option to retain over subscription up to the residual shelf limit of Rs. 1711.50 crore. Minimum application is to be made for 5 bonds and in multiple of 1 bond thereof, thereafter.

Corrections are being made ASAP

Thanks and regards

Dilip Davda
3. Deepak  Jan 21, 2016 14:09
Interest rate show in this website is completely wrong. It is only 7.27% for 10 year, retails. The data shown is miss guiding.
2. Deepak  Jan 21, 2016 10:04
issue is taxable bond not tax free
1. Deepak  Jan 21, 2016 08:43
The coupon rates mentioned here does not seem correct. If this is correct, then this issue will perhaps gets subscribed within few seconds. Kindly clarify

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