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Incorporated in 1996, Housing Development and Infrastructure Ltd (HDIL) is a a real estate development company based in Mumbai. HDIL is part of the Wadhawan Group (formerly known as the Dheeraj Group) and operates in Mumbai Metropolitan Region.
HDIL Real Estate Development business includes construction and development of residential projects, commercial and retail projects, Slum Rehabilitation and Development.
HDIL has Large Land Reserves in the Mumbai Metropolitan Region. As of December 31, 2006, they had approximately 112.4 million square feet of Land Reserves.
To expend its business by location HDIL is looking for projects in other locations, including Kochi and Hyderabad. HDIL is planning to enter into hotel projects, special economic zone developments and “mega-structure” complexes, which are large-scale mixed-use retail, commercial and residential developments.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to
1. Acquisition of land and land development rights for our Ongoing and Planned projects;
2. Construction of our Ongoing and Planned projects.
| IPO Date | Jun 28, 2007 to Jul 3, 2007 |
| Listing Date | Tuesday, July 24, 2007 |
| Face Value | ₹10 per share |
| Price | ₹430 to ₹500 per share |
| Lot Size | 14 Shares |
| Issue Size | 29,700,000 shares of ₹10 (aggregating up to ₹1,485.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
The HDIL IPO lot size is 14 shares. A retail-individual investor can apply for up to 28 lots (392 shares or ₹196,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 14 | ₹7,000 |
| Retail (Max) | 28 | 392 | ₹196,000 |
The HDIL IPO is subscribed 6.60 times on Jul 3, 2007 5:00:00 PM. The public issue subscribed 1.59 times in the retail category, 10.13 times in the QIB category, and 1.78 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | Tuesday, July 24, 2007 |
| BSE Script Code | 532873 |
| NSE Symbol | HDIL |
| Listing In | |
| ISIN | INE191I01012 |
| IPO Price | ₹500 per share |
| Face Value | ₹10 per share |
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Housing Development and Infrastructure Ltd
9-01, Dheeraj Arma,
Anant Kanekar Marg,
Bandra (East), Mumbai 400 051, Maharashtra, India
Phone: (91 22) 2658 3500
Email: compliance.officer@hdil.in
Website: http://www.hdil.in/
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: einwards.ris@karvy.com
Website: https://karisma.kfintech.com/
HDIL IPO is a main-board IPO of 29,700,000 equity shares of the face value of ₹10 aggregating up to ₹1,485.00 Crores. The issue is priced at ₹430 to ₹500 per share. The minimum order quantity is 14 Shares.
The IPO opens on Jun 28, 2007, and closes on Jul 3, 2007.
KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The HDIL IPO opens on Jun 28, 2007 and closes on Jul 3, 2007.
HDIL IPO lot size is 14 Shares and the minimum order quantity is .
You can apply in HDIL 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for HDIL IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the HDIL IPO allotment status.
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