Housing and Urban Development Corporation Ltd IPO
The Housing and Urban Development Corporation Limited (HUDCO) has more than 46 years’ experience in providing loans for housing and urban infrastructure projects in India. The Miniratna company’s total outstanding loan portfolio was INR361,119.3 million as of September 30, 2016. Out of this, INR112,951.1 million, or 31.28%, were for Housing Finance loans and INR248,168.2 million, or 68.72%, were Urban Infrastructure Finance loans and project-linked bonds.
HUDCO classifies its housing finance loans into social housing, residential real estate and retail finance, which is branded as HUDCO Niwas. Under social housing, the ultimate beneficiaries of the loans are borrowers belonging to the economically weaker sections (EWS) of the society, which is defined as families with household income of INR300,000 per annum or less, and borrowers belonging to the lower income group (LIG), which is defined as families with household income from INR300,001 per annum to INR600,000 per annum. Under residential real estate, the ultimate beneficiaries of the loans are public and private sector borrowers for housing and commercial real estate projects, including land acquisition. Such housing and commercial real estate projects cater primarily to the middle-income group and high-income group of society.
Under urban infrastructure finance, HUDCO makes loans for projects relating to water supply, roads and transport, power, emerging sectors, which includes SEZs (special economic zones), industrial infrastructure, gas pipelines, oil terminals and telecom sector projects, commercial infrastructure which includes shopping centres, market complexes, malls-cum-multiplexes, hotels and office buildings, social infrastructure and area development, and sewerage, drainage and solid waste management. HUDCO’s borrowers under Urban Infrastructure Finance are primarily State Governments and their agencies. It ceased sanctioning new Urban Infrastructure Finance loans to entities in the private sector in March 2013.
Promoters of HUDCO: The President of India
|HUDCO IPO details|
|Subscription Dates||8 - 11 May 2017|
|Price Band||INR56 - 60 per share|
|Offer For Sale||204,058,747 shares (INR1,224.3 crore)|
|Total IPO size||204,058,747 shares (INR1,224.3 crore)|
|Minimum bid (lot size)||200 shares|
|Face Value||INR10 per share|
|Listing On||NSE, BSE|
HUDCO's consolidated financial performance (in INR crore)
|Profit after tax||621.6||699.7||734.0||768.3||774.3||348.2|
VALUATION OF HUDCO IPO (BASED ON LATEST FY)
Earnings Per Share (EPS): INR3.87
Price/Earnings (P/E) ratio: 14.5 - 15.5
Return on Net Worth (RONW): 9.18%
Net Asset Value (NAV): INR42.14 per share
Registrar OF HUDCO IPO
HUDCO IPO Subscription Details
|Category||Shares offered||Subscription (No. of times, at 5:30 PM)|
|Day 1||Day 2||Day 3|
HUDCO IPO Allotment Status
HUDCO IPO allotment is now available on BSE website. Please click on this link to get allotment status. You'll need PAN and application number to get status.
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LISTING PERFORMANCE OF HUDCO IPO
IPO Opening Date: 8 May 2017
IPO Closing Date: 11 May 2017
Finalisation of Basis of Allotment: 17 May 2017
Initiation of refunds: 18 May 2017
Transfer of shares to demat accounts: 18 May 2017
Listing Date: 19 May 2017
Listing Price on NSE: INR73 per share (up 21.7% from IPO price)
Closing Price on NSE: INR72.15 per share (up 20.2% from IPO price)