IPO : Housing and Urban Development Corporation Ltd IPO (HUDCO)

Get set ready : HUDCO IPO issues gets opened today

The IPO that is coming in next week is HUDCO.

Below is some detail about this.

Issue Open: May 8, 2017 - May 11, 2017 
Issue Type: Book Built Issue IPO 
Issue Size: 204,058,747 Equity Shares of Rs 10 aggregating up to Rs 1,224.35 Cr 
Face Value: Rs 10 Per Equity Share 
Issue Price: Rs 56 - Rs 60 Per Equity Share 
Market Lot: 200 Shares 
Minimum Order Quantity: 200 Shares 
Listing At: BSE, NSE
Finalization of Basis of Allotment : May 16 2017
Unblocking of ASBA : May 17 2017
Credit to Demat Accounts : May 18 2017
Listing on NSE & BSE : May 19 2017
IPO Type : Mainstream IPO

Draft Prospects with SEBI

Secondary market :

9th May - GMP - 27, Kostak - 1000 to 1100
8th May - GMP - 28 to 28.5, Kostak - 1100 to 1150
7th May - GMP - 28 to 29, Kostak - 1100 to 1150
6th May - GMP - 27 to 27.5, Kostak - 1100 to 1150

Brief Company Detail :

Housing and Urban Development Corporation Ltd is a wholly-owned Government company with more than 46 years” experience in providing loans for housing and urban infrastructure projects in India. We have been conferred the status of Miniratna (Category-I Public Sector Enterprise) by the GoI. As at September 30, 2016, our total sanctioned loans since our inception was Rs. 1,570,870.0 million, Rs. 612,305.4 million of which, or 38.97%, were Housing Finance (as defined below) loans and Rs. 958,573.2 million of which, or 61.02%, were Urban Infrastructure Finance (as defined below) loans. As at September 30, 2016, our total outstanding Loan Portfolio was Rs. 361,119.3 million, Rs. 112,951.1 million of which, or 31.28%, were Housing Finance loans and Rs. 248,168.2 million of which, or 68.72%, were Urban Infrastructure Finance loans and project-linked bonds. Read more 

Company performance in past years

Detail	Number 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

Recommendation from different agencies

Name	Recommandation
Sharekhan
AngelBroking
GEPT Capital
Choice Broking
LKP Research
Reliance Securities

Subscription detail

Date Time	RII	Total	RII Total in %	RII Total in %
Day1 8th May 2017	1,06,719,600	1,29,136,800	1.52	0.24
Day2 9th May 2017	2,89,023,400	6,13,995,600	4.12	3.01
Day3 11th May 2017	7,55,896,600	16,229,363,600	10.79	79.53