hudco ipo

♦ ISSUE PERIOD : 08-May-2017, 09-May-2017 and 11-May-2017
♦ PRICE RANGE: Rs 56 to Rs 60

♦ MARKET LOT: 200 shares

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 have been conferred the status of Miniratna (Category-I Public Sector Enterprise) by the GoI. As at September 30, 2016, their total sanctioned loans since our inception was  1,570,870.0 million, ` 612,305.4 million of which, or 38.97%, were Housing Finance (as defined below) loans and ` 958,573.2 million of which, or 61.02%, were Urban Infrastructure Finance (as defined below) loans. As at September 30, 2016, their total outstanding Loan Portfolio was ` 361,119.3 million,
112,951.1 million of which, or 31.28%, were Housing Finance loans and ` 248,168.2 million of which, or 68.72%, were Urban Infrastructure Finance loans and project-linked bonds.
Hudco classifies their housing finance loans into social housing, residential real estate and retail finance, which is branded as HUDCO Niwas (collectively, “Housing Finance”).
Under social housing, the ultimate beneficiaries of the loans we make are borrowers belonging to the economically weaker sections (“EWS”) of the society, which is defined as families with household income of  300,000 per annum or less, and borrowers belonging to the lower income group (“LIG”), which is defined as
families with household income from ` 300,001 per annum to ` 600,000 per annum.

Source: DRHP

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Symbol HUDCO
Issue Period 08-May-2017, 09-May-2017 and 11-May-2017
Post issue Modification Period 12-May-2017 (10.00 A.M. to 1.00 P.M.)
Issue Size Initial Public offer of 204,058,747 Equity Shares
Issue Type 100% Book Building
Discount Rs 2 per Equity Share to Retail and Eligible Employee category only
Price Range Rs 56 to Rs 60
Face Value Rs 10
Tick Size Re 1
Bid Lot 200 Equity Shares and in multiples thereof
Minimum Order Quantity 200 Equity Shares
Maximum Subscription Amount for Retail Investor Rs. 2,00,000
IPO Market Timings 10.00 a.m. to 5.00 p.m.
Book Running Lead Managers IDBI Capital Markets & Securities Limited, ICICI Securities Limited, Nomura Financial Advisory and Securities (India) Private Limited and SBI Capital Markets Limited
Syndicate Member SBICAP Securities Limited
Categories FI, IC, MF, FII, OTH, CO, IND, NOH and EMP
Name of the Registrar Alankit Assignments Limited
Address of the Registrar 205-208, Anarkali Complex, Jhandewalan Extension, New Delhi 110 055, Delhi, India
Contact person name number and Email id Mr Pankaj Goenka/ Bojimonkh, +91 11 4254 1234, hudco_igr@alankit.com

Source: NSE

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