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's Promoter is the President of India, acting through the Ministries.
| 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 |
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.
| Issue Open | May 8, 2017 - May 11, 2017 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 204,058,747 Eq Shares of ₹10 (aggregating up to ₹1,224.35 Cr) |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹56 - ₹60 Per Equity Share |
| Retail Discount | ₹ 2 per share |
| Employee Discount | ₹ 2 per share |
| Market Lot | 200 Shares |
| Min Order Quantity | 200 Shares |
| Listing At | BSE, NSE |
| Bid/Offer Opens On | May 8, 2017 |
| Bid/Offer Closes On | May 11, 2017 |
| Finalisation of Basis of Allotment | May 17, 2017 |
| Initiation of Refunds | May 18, 2017 |
| Credit of Shares to Demat Acct | May 18, 2017 |
| IPO Shares Listing Date | May 19, 2017 |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 200 | ₹12,000 |
| Maximum | 16 | 3200 | ₹192,000 |
No. of Times Issue Subscribed (BSE + NSE) | |||||
|---|---|---|---|---|---|
As on Date & Time | QIB | NII | RII | Employee | Total |
Shares Offered | 100,095,000 | 30,028,500 | 70,066,500 | 3,868,747 | 204,058,747 |
May 11, 2017 17:00 | 55.45x | 330.36x | 10.79x | 0.74x | 79.53x |
| Listing Date | Friday, May 19, 2017 |
| BSE Script Code | 540530 |
| NSE Symbol | HUDCO |
| Listing In | B |
| ISIN | INE031A01017 |
| Issue Price | ₹60 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
|
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
Alankit Assignments Ltd
Alankit House 2E/21,
Jhandewalan Extension,
New Delhi - 110055
Phone: (011) 4254 1234
Email:
Website: https://www.alankit.com/
HUDCO IPO is an main-board initial public offering of 204,058,747 equity shares of the face value of ₹10 aggregating up to ₹1,224.35 Crores.
The issue price of the IPO is ₹56 - ₹60 Per Equity Share. The minimum order quantity is 200 Shares per application and the offer type is Book Built Issue.
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 application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
The finalization of Basis of Allotment for HUDCO IPO will be done on May 17, 2017, and the allotted shares will be credited to your demat account by May 18, 2017. Check the HUDCO IPO allotment status.
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