Bookbuilding IPO | ₹1,708 Cr | Listed at BSE, NSE | Thu, Jun 28, 2007 - Tue, Jul 3, 2007
HDIL IPO is a book build issue of ₹1,707.75 crores. The issue is entirely a fresh issue of 3.42 crore shares of ₹1,707.75 crore.
HDIL IPO bidding started from Jun 28, 2007 and ended on Jul 3, 2007. The shares got listed on BSE, NSE on Jul 24, 2007.
HDIL IPO price band is set at ₹500 per share. The lot size for an application is 14. The minimum amount of investment required by an retail is ₹7,000 (14 shares) (based on upper price). The lot size investment for sNII is 29 lots (406 shares), amounting to ₹2,03,000, and for bNII, it is 143 lots (2,002 shares), amounting to ₹10,01,000.
The issue includes a reservation of up to 6,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Kotak Mahindra Capital Co.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to HDIL IPO RHP for detailed Information.
IPO Open
Thu, Jun 28, 2007
IPO Close
Tue, Jul 3, 2007
Issue Price
₹500 per share
Market Cap (Pre-IPO)
₹10,500.00 Cr
| IPO Date | 28 Jun to 3 Jul, 2007 |
| Listed on | Tue, Jul 24, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹430 to ₹500 |
| Issue Price | ₹500 per share |
| Lot Size | 14 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 3,41,55,000 shares (agg. up to ₹1,708 Cr) |
| Fresh Issue | 3,41,55,000 shares (agg. up to ₹1,708 Cr) |
| Share Holding Pre Issue | 18,03,00,000 shares |
| Share Holding Post Issue | 21,00,00,000 shares |
| BSE Script Code / NSE Symbol | 532873 / HDIL |
| ISIN | INE191I01012 |
HDIL IPO comprises a total issue size of 3,41,55,000 shares. The net offer to the public is 3,35,55,000 shares, after excluding 6,00,000 shares under a preferential allotment. Of the Net offer 2,01,33,000 (60.00%) are allocated to QIB, 33,55,500 (10.00%) allocated to NII 1,00,66,500 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 2,01,33,000 | 60.00% | 58.95% | NA |
| NII (HNI) Shares Offered | 33,55,500 | 10.00% | 9.82% | NA |
| Retail Shares Offered | 1,00,66,500 | 30.00% | 29.47% | 7,19,035 |
| Preferential Reservations | ||||
| Employee Shares Offered | 6,00,000 | 1.76% | NA | |
| Total Shares Offered | 3,41,55,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 14 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 14 | ₹7,000 |
| Retail (Max) | 28 | 392 | ₹1,96,000 |
| S-HNI (Min) | 29 | 406 | ₹2,03,000 |
| S-HNI (Max) | 142 | 1,988 | ₹9,94,000 |
| B-HNI (Min) | 143 | 2,002 | ₹10,01,000 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Acquisition of land and land development rights for our Ongoing and Planned projects | 582.50 |
| 2 | Construction of our Ongoing projects | 1,501.30 |
| 3 | General corporate purposes | 67.90 |
| KPI | |
|---|---|
| RoNW | 74.86% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 43.62% | 36.68% |
| Market Cap | ₹10,500.00 Cr. |
The HDIL IPO is subscribed 6.6 times on July 3, 2007 5:00:00 PM (Day 4). 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) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management, underwriting and selling commission | 0.00 |
| 2 | Advertising and Marketing expenses | 0.00 |
| 3 | Printing and stationery | 0.00 |
| 4 | Others (Monitoring agency fees, Registrar’s fee, legal fee, listing fee, etc.) | 0.00 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹500.00 | ₹500.00 |
| Open | ₹567.50 | ₹538.60 |
| Low | ₹473.50 | ₹535.00 |
| High | ₹617.50 | ₹575.95 |
| Last Trade | ₹558.60 | ₹559.35 |
Lead Manager Reports
HDIL IPO is a main-board IPO of 3,41,55,000 equity shares of the face value of ₹10 aggregating up to ₹1,708 Crores. The issue is priced at ₹500 per share. The minimum order quantity is 14.
The IPO opens on Thu, Jun 28, 2007, and closes on Tue, Jul 3, 2007.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in HDIL IPO using UPI as a payment gateway. Zerodha customers can apply in HDIL IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in HDIL IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The HDIL IPO opens on Thu, Jun 28, 2007 and closes on Tue, Jul 3, 2007.
HDIL IPO lot size is 14, and the minimum amount required for application is ₹7,000.
You can apply in HDIL IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The HDIL IPO listing date is on Tue, Jul 24, 2007.
