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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.
| 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.
| IPO Date | May 8, 2017 to May 11, 2017 |
| Listing Date | Friday, May 19, 2017 |
| Face Value | ₹10 per share |
| Price | ₹56 to ₹60 per share |
| Lot Size | 200 Shares |
| Issue Size | 204,058,747 shares of ₹10 (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 |
| Company Promoters | Company's Promoter is the President of India, acting through the Ministries. |
HUDCO IPO opens on May 8, 2017, and closes on May 11, 2017. The HUDCO IPO bid date is from May 8, 2017 10.00 A.M. to May 11, 2017 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | May 8, 2017 |
| Closing Date | May 11, 2017 |
| Basis of Allotment | May 17, 2017 |
| Initiation of Refunds | May 18, 2017 |
| Credit of Shares to Demat | May 18, 2017 |
| Listing Date | May 19, 2017 |
The HUDCO IPO lot size is 200 shares. A retail-individual investor can apply for up to 16 lots (3200 shares or ₹192,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 200 | ₹12,000 |
| Retail (Max) | 16 | 3200 | ₹192,000 |
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...
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)
| Category | Subscription (times) |
|---|---|
| QIB | 55.45 |
| NII | 330.36 |
| Retail | 10.79 |
| Employee | 0.74 |
| Total | 79.53 |
| Listing Date | Friday, May 19, 2017 |
| BSE Script Code | 540530 |
| NSE Symbol | HUDCO |
| Listing In | B Group of Securities |
| ISIN | INE031A01017 |
| IPO Price | ₹60 per share |
| Face Value | ₹10 per share |
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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
Phone: (011) 4254 1234
Email:
Website: https://www.alankit.com/
IPO Broker Recommendations
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 order quantity is .
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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
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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