Bookbuilding IPO | ₹1,210 Cr | Listed at BSE, NSE | Mon, May 8, 2017 - Thu, May 11, 2017
HUDCO IPO is a book build issue of ₹1,209.78 crores. The issue is entirely an offer for sale of 20.41 crore shares of ₹1,209.78 crore.
HUDCO IPO bidding started from May 8, 2017 and ended on May 11, 2017. The allotment for HUDCO IPO was finalized on May 17, 2017. The shares got listed on BSE, NSE on May 19, 2017.
HUDCO IPO price band is set at ₹60 per share. The lot size for an application is 200. The minimum amount of investment required by an retail is ₹12,000 (200 shares) (based on upper price). The lot size investment for sNII is 17 lots (3,400 shares), amounting to ₹2,04,000, and for bNII, it is 84 lots (16,800 shares), amounting to ₹10,08,000.
The issue includes a reservation of up to 38,68,747 shares for employees offered at a discount of ₹2.00 to the issue price.
ICICI Securities Ltd. is the book running lead manager and Alankit Assignments Ltd. is the registrar of the issue.
Refer to HUDCO IPO RHP for detailed Information.
IPO Open
Mon, May 8, 2017
IPO Close
Thu, May 11, 2017
Issue Price
₹60 per share
Market Cap (Pre-IPO)
₹12,011.40 Cr
| IPO Date | 8 to 11 May, 2017 |
| Listed on | Fri, May 19, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹56 to ₹60 |
| Issue Price | ₹60 per share |
| Lot Size | 200 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Retail Discount | Rs 2.00 per share |
| Employee Discount | ₹2.00 |
| Total Issue Size | 20,40,58,685 shares (agg. up to ₹1,210 Cr) |
| Offer for Sale | 20,40,58,685 shares of ₹10 (agg. up to ₹1,210 Cr) |
| Share Holding Pre Issue | 2,00,19,00,000 shares |
| Share Holding Post Issue | 2,00,19,00,000 shares |
| BSE Script Code / NSE Symbol | 540530 / HUDCO |
| ISIN | INE031A01017 |
HUDCO IPO comprises a total issue size of 20,40,58,747 shares. The net offer to the public is 20,01,90,000 shares, after excluding 38,68,747 shares under a preferential allotment. Of the Net offer 10,00,95,000 (50.00%) are allocated to QIB, 3,00,28,500 (15.00%) allocated to NII 7,00,66,500 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 10,00,95,000 | 50.00% | 49.05% | NA |
| NII (HNI) Shares Offered | 3,00,28,500 | 15.00% | 14.72% | NA |
| Retail Shares Offered | 7,00,66,500 | 35.00% | 34.34% | 3,50,332 |
| Preferential Reservations | ||||
| Employee Shares Offered | 38,68,747 | 1.90% | NA | |
| Total Shares Offered | 20,40,58,747 | 100.00% | 100.00% | |
Investors can bid for a minimum of 200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 200 | ₹12,000 |
| Retail (Max) | 16 | 3,200 | ₹1,92,000 |
| S-HNI (Min) | 17 | 3,400 | ₹2,04,000 |
| S-HNI (Max) | 83 | 16,600 | ₹9,96,000 |
| B-HNI (Min) | 84 | 16,800 | ₹10,08,000 |
| 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 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.
| 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 | The company will not receive any proceeds from the Offer and all proceeds shall go to the Selling Shareholder. |
The HUDCO IPO is subscribed 79.53 times on May 11, 2017 5:00:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 55.45 | 10,00,95,000 | 5,55,03,74,000 |
| NII | 330.36 | 3,00,28,500 | 9,92,02,32,400 |
| Retail | 10.79 | 7,00,66,500 | 75,58,96,600 |
| Employee | 0.74 | 38,68,747 | 28,60,600 |
| Total | 79.53 | 20,40,58,747 | 16,22,93,63,600 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to BRLMs (including underwriting commission, brokerage and selling commission) | 5.49 |
| 2 | Commission and processing fees for SCSBs, brokerage, bidding charges and selling commission for Syndicate Member, Registered Brokers, RTAs and CDPs | 2.47 |
| 3 | Fees payable to the Registrar to the Offer | 0.78 |
| 4 | Others: i. Other regulatory expenses ii. Advertising and marketing for the Offer iii. Fees payable to Legal Counsels iv. Miscellaneous | 7.46 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹60.00 | ₹60.00 |
| Open | ₹73.45 | ₹73.00 |
| Low | ₹70.55 | ₹71.00 |
| High | ₹77.80 | ₹77.85 |
| Last Trade | ₹72.50 | ₹72.55 |
HUDCO IPO is a main-board IPO of 20,40,58,685 equity shares of the face value of ₹10 aggregating up to ₹1,210 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 200.
The IPO opens on Mon, May 8, 2017, and closes on Thu, May 11, 2017.
Alankit Assignments Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in HUDCO IPO using UPI as a payment gateway. Zerodha customers can apply in HUDCO IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in HUDCO IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The HUDCO IPO opens on Mon, May 8, 2017 and closes on Thu, May 11, 2017.
HUDCO IPO lot size is 200, and the minimum amount required for application is ₹12,000.
You can apply in HUDCO 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 HUDCO IPO will be done on Wednesday, May 17, 2017, and the allotted shares will be credited to your demat account by Thu, May 18, 2017. Check the HUDCO IPO allotment status.
The HUDCO IPO listing date is on Fri, May 19, 2017.
