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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 ₹500.00 per share . The lot size for an application is 14. The minimum amount of investment required by an retail is ₹6,020 (14 shares). 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.
| IPO Date | June 28, 2007 to July 3, 2007 |
| Listing Date | July 24, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹430 to ₹500 per share |
| Issue Price Final | ₹500 per share |
| Lot Size | 14 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 3,41,55,000 shares (aggregating up to ₹1,707.75 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 18,03,00,000 shares |
| Share Holding Post Issue | 21,00,00,000 shares |
HDIL IPO offers total 3,41,55,000 shares. Out of which 2,01,33,000 (58.95%) allocated to QIB, 33,55,500 (9.82%) allocated to NII, 1,00,66,500 (29.47%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 2,01,33,000 (58.95%) | NA |
| NII (HNI) Shares Offered | 33,55,500 (9.82%) | NA |
| Retail Shares Offered | 1,00,66,500 (29.47%) | 7,19,035 |
| Employee Shares Offered | 6,00,000 (1.76%) | NA |
| Total Shares Offered | 3,41,55,000 (100.00%) |
| 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 |
HDIL IPO opens on June 28, 2007, and closes on July 3, 2007.
| IPO Open Date | Thu, Jun 28, 2007 |
| IPO Close Date | Tue, Jul 3, 2007 |
| Tentative Listing Date | Tue, Jul 24, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Jul 3, 2007 |
Investors can bid for a minimum of 14 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| KPI | Values |
|---|---|
| RoNW | 74.86% |
The Company HDIL IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Acquisition of land and land development rights for our Ongoing and Planned projects | 5,825.00 |
| 2 | Construction of our Ongoing projects | 15,013.00 |
| 3 | General corporate purposes | 679.00 |
| Listing Date | July 24, 2007 |
| BSE Script Code | 532873 |
| NSE Symbol | HDIL |
| ISIN | INE191I01012 |
| Final Issue Price | ₹500 per share |
Housing Development & Infrastructure Ltd.
9-01, Dheeraj Arma,
Anant Kanekar Marg,
Bandra (East),
Mumbai, Maharashtra, 400051
Phone: (91 22) 2658 3500
Email: compliance.officer@hdil.in
Website: http://www.hdil.in/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einwards.ris@karvy.com
Website: https://ipostatus.kfintech.com/
HDIL IPO is a main-board IPO of 3,41,55,000 equity shares of the face value of ₹10 aggregating up to ₹1,707.75 Crores. The issue is priced at ₹500 per share. The minimum order quantity is 14.
The IPO opens on June 28, 2007, and closes on July 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 June 28, 2007 and closes on July 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 Tuesday, July 24, 2007.
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