HUDCO IPO

Housing and Urban Development Corporation Ltd IPO

HUDCO LogoThe 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
Fresh issue Nil
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
Retail Allocation 35%
Listing On NSE, BSE

 

HUDCO’s consolidated financial performance (in INR crore)
FY2012 FY2013 FY2014 FY2015 FY2016 6M FY2017
Total revenue 2,778.6 2,921.3 3,002.9 3,427.8 3,302.2 1,748.2
Total expenses 1,838.9 1,880.6 1,877.8 2,258.0 2,230.6 1,228.3
Profit after tax 621.6 699.7 734.0 768.3 774.3 348.2

HUDCO
HUDCO Bhawan, India Habitat Centre, Lodhi Road
New Delhi 110 003

Phone: +91 11 2464 9610
Fax: +91 11 2464 8427
Email: [email protected]
Website: www.hudco.org

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

Alankit Assignments Limited
205-208, Anarkali Complex,
Jhandewalan Extension
New Delhi – 110 055

Phone: +91 11 4254 1234
Fax: +91 11 4154 3474
Email: [email protected]
Website: www.alankit.com

HUDCO IPO Subscription Details

Category Shares offered Subscription (No. of times, at 5:30 PM) 
Day 1 Day 2 Day 3
QIB 100,095,000  0.17  2.95 55.45
NII  30,028,500  0.16  0.94 330.36
Retail 70,066,500  1.52  4.12 10.34
 Employees 3,868,747  0.01  0.21 0.70
Total 204,058,747  0.63 3.00 79.38

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.

Allotment status will appear after entering these details. If no further details appear, you haven’t got an allotment.

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)

103 COMMENTS

  5. Issue Open: April 05, 2017 – April 07, 2017 (Tentative Dates)
    Issue Type: 100% Book Built Issue IPO
    Face Value: Rs 10 Per Equity Share
    Issue Size: 200,190,000 Equity Shares of Rs 10 aggregating up to Rs * Cr
    Issue Price: Rs 48 – Rs 50 Per Equity Share (Tentative Price)
    Market Lot: 300 Shares
    Minimum Order Quantity: 300 Shares
    Listing At: BSE, NSE

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  9. HUDCO IPO

    Issue open on 17april 2017
    Issue close on 19april 2017

    issue size – 20,01,90,000 eq

    face value – 10/eq share

    issue price – 48-50(upper band)

    lot size – 300

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  13. 50 rupees per share good price?

    They have 20 crore shares for 10%,so total company to have more than 200 crore shares..

    With total income just above 3000 crore, the fair price seems to be around 20 only..

  17. I agree it will be a oversubcribed and allotment will be difficult but hudco is not going to be a multibager. Just look at the numbers – 7% gross npa and debt equity ratio of nearly 3. It is alrit to invest but don’t have high hopes..

  22. Why some equity shares are not shown in the demat balance but shown in portfolio.How i can sell these shares.I have hdfc sec demat acct.Can anybody suggest what to do.Thanks

  25. Issue price has been increased from 50/- earlier. Retail investors will get a discount of 2/- but clearly, even the government is looking to exploit the bullish market. HUDCO is still better at a PE ratio of 15 than other epensive offers like S Chand

  32. i want to invest in hudco ipo opening on 8th may. kindly update me on the details of how to apply for the ipo.

    thank you
    bhawana dugar

  35. What is the maximum i can apply in retail category for 3200 shares or 3400 shares? Some On line systems are calculating @60 and not allowing for 3400 shares

  36. the hudco gmp is 29,on Friday closing so it may lists between 90-100, if gmp is lowered before the listing date it may vary, hopes good listing thank u all kiran dr gsr

  38. Hi! I have applied for 1000 qty in the morning when it just opened for subscription please suggest will I be able get this quantity?

  40. I don’t have yet net banking account . Where I have to submit my manual application for hudco IPO IN PUNE

    • When you have applied, certainly you must be having a demat account and a bank account linked with your demat account. You could have applied through your demat account. But the IPO of HUDCO is over now.

      Wait for another opportunity

  41. Can some one advise the basis of allotment in the sense who stands a better chance to get allotment – the one who applies for minimum or one who applies for maximum shares ?
    Specifically in case of HUDCO
    Secondly, does it differ from IPO to IPO.
    THANKS

    • the shares are allotted randomly
      the more demat accounts u use,there will be more chances of getting allotment

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  44. I have applied for 3600 shares (18 Lots) and manually mentioned Rs.60 as per share amount…..as this is my first IPO as a HNI Investor, I have a doubt about the PER SHARE PRICE which I have mentioned…..As CUT-OFF facility is not allowed for HNI, have I mentioned the right correct price?

  45. listing under cutting prise 58 for retailer listing 58 trade after 5 min 56 rs closing 55 high 59 ……..

    • Banega to Jaroor. Per pahale koi ye to post kare ki allotment kis tarika se hoga. Koi manipulation to nahi hoga ? Ek demat account se ek hi application ko consider kiya jana chahiye. Authorities must take note of it for fair allotment.

  47. Hello … as i checked NII category is over subscribe 330 Times means if i invest 330000 rupee then i got the share of 1000 rs. is i am right.
    then What is the benefit to apply in that category.
    What i know if we invest above 2 lac then our investment is in this category and despite of lottery draw share are divided equally depend upon demand.

    I applied the max lot in HUDCO that is 3200 shares in retails category but i have more liquidity as well so requested you to please update is it benefit to invest in NII category.
    Thanks…..

    • how to check the allotment status ?

      ” HUDCO IPO allotment is now available on Alankit Assignments’ website. Please click on this link to get allotment status. ”

      alankit Site is very slow …………

    • ALANKIT IS SHOWING IPO ALLOTMENT IS UNDER PROCESS. MY FUND IS STILL BLOCKED. I DIDN’T GET ANY SHARES. WHAT IS GOING ON??
      I INVESTED ON VERY FIRST DAY 08.05.2017 STILL NO SHARES.??

    • Hi Rohit
      can you tell me when did you apply, is it on first day or on which day did you apply, and for what rate and how much lot did you apply.

  54. I also got 200 share of hudco and received msg from alankri.
    What should I do tommorow, am I hold that or sell tomorrow ?
    I am very new for ipo,first time,
    Expert pls give some advice…

  56. I got allotment but still don’t have shares in my trading account. Worst experience with Alankit. Don’t you think it shouldn’t be allowed to act as registrar???

  57. Feeling so much blessed…Got shares allotted in my very first IPO application. Finger crossed for listing of shares.

  58. I have not received any msg yet for allotment confirmation. How will i come to know about allotment.
    Please tell me is there any way to check the status. I have applied from icici direct.

    • I too did from ICICI direct. No update of allotment. can’t see anything in demat allocation and money also not refunded.

  59. The bloddy F*****g registrar. very poor process. Script listed, bt no shares alloted and money not refunded. can’t tolerate at all as I could not trade due to the lac of money.

  60. Bloody Nonsense Alankit, even after listing no news abt allotment and now says No Allotment. No transparency regarding allotment. In Chutiyo ko kese bana diya registrar HUDCO ne.

  62. Me too applied 1200 shares..but didn’t get any..!! Is there a rule that minimum one lot should be assigned? with 10 times retail subscription,we should have at least got 100 to 120 shares..

  63. Very poor show by Alankit with Hudco. They will have difficulty in becoming registrar for any other IPO now. What a shame…

  65. My money is still blocked in ASBA but not allotment yet! What is going on? Alankit is a fraud organization and there should be an investigation against them.

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