IPO of the week (HUDCO)

Company Profile
HUDCO is a wholly-owned Government company with more than 46 years” experience in providing loans for housing and urban infrastructure projects in India. I have been conferred the status of Miniratna (Category-I Public Sector Enterprise) by the GoI.

Its housing finance loans are classified into socialhousing, residential real estate and retail finance, which is branded as HUDCO Niwas (collectively, “Housing Finance”)

Investor Category Allocation
QIB*: At least 50% of the issue size (100,095,000 Equity Shares)

HNI*: Up to 15% of the issue size (30,028,500 Equity Shares)

Retail Individual Bidders*: Up to 35% of the issue size (70,066,500 Equity Shares)

* Upper Band

Offer Opens on
Monday, May 08, 2017

Offer Closes on
Thursday, May 11, 2017



ISSUE STRUCTURE

Issuer
Housing and Urban Development Corporation Ltd (HUDCO)

Issue Type
100% Book Built Issue IPO

Issue Size (Rs):
Equity Shares Aggregating up to Rs. 1209.57 Crs and Employee Reservation up to 38, 68,747 shares aggregating up to Rs. 22.44 Crs.

Face Value:
Rs.10 per Equity Share

Price Band:
Rs.50 - Rs.60 per Equity Share

Minimum Order Quantity Retail:
200 Equity Shares

Maximum Bid amount for Retail:
Rs. 2 Lakhs

Listing:
BSE, NSE