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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 ₹60.00 per share . The lot size for an application is 200. The minimum amount of investment required by an retail is ₹11,200 (200 shares). 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.
| IPO Date | May 8, 2017 to May 11, 2017 |
| Listing Date | May 19, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹56 to ₹60 per share |
| Issue Price Final | ₹60 per share |
| Lot Size | 200 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 20,40,58,685 shares (aggregating up to ₹1,209.78 Cr) |
| Retail Discount | Rs 2.00 per share |
| Employee Discount | ₹2.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,00,19,00,000 shares |
| Share Holding Post Issue | 2,00,19,00,000 shares |
HUDCO IPO offers total 20,40,58,747 shares. Out of which 10,00,95,000 (49.05%) allocated to QIB, 3,00,28,500 (14.72%) allocated to NII, 7,00,66,500 (34.34%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 10,00,95,000 (49.05%) | NA |
| NII (HNI) Shares Offered | 3,00,28,500 (14.72%) | NA |
| Retail Shares Offered | 7,00,66,500 (34.34%) | 3,50,332 |
| Employee Shares Offered | 38,68,747 (1.90%) | NA |
| Total Shares Offered | 20,40,58,747 (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 |
HUDCO IPO opens on May 8, 2017, and closes on May 11, 2017.
| IPO Open Date | Mon, May 8, 2017 |
| IPO Close Date | Thu, May 11, 2017 |
| Tentative Allotment | Wed, May 17, 2017 |
| Initiation of Refunds | Thu, May 18, 2017 |
| Credit of Shares to Demat | Thu, May 18, 2017 |
| Tentative Listing Date | Fri, May 19, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, May 11, 2017 |
Investors can bid for a minimum of 200 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 | 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 |
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 Company HUDCO IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | The company will not receive any proceeds from the Offer and all proceeds shall go to the Selling Shareholder. |
[Dilip Davda] 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...
| Listing Date | May 19, 2017 |
| BSE Script Code | 540530 |
| NSE Symbol | HUDCO |
| ISIN | INE031A01017 |
| Final Issue Price | ₹60 per share |
| BSE Listing Group | B |
Housing & Urban Development Corp.Ltd.
HUDCO Bhawan,
India Habitat Centre,
Lodhi Road,
Delhi, New Delhi, 110003
Phone: +91 11 2464 9610 - 27
Email: cswhudco@hudco.org
Website: http://www.hudco.org
Alankit Assignments Ltd.
Phone: (011) 4254 1234
Email:
Website: http://ipo.alankit.com/
HUDCO IPO is a main-board IPO of 20,40,58,685 equity shares of the face value of ₹10 aggregating up to ₹1,209.78 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 200.
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.
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 May 8, 2017 and closes on 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 Thursday, May 18, 2017. Check the HUDCO IPO allotment status.
The HUDCO IPO listing date is on Friday, May 19, 2017.
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