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IPO - Housing and Urban Development Corporation Ltd
08th May, 2017 - 11th May, 2017
Incorporated in 1970, Housing and Urban Development Corporation Ltd (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 provides long term finance for construction of houses and to undertake housing and urban infrastructure development programs. Apart from the financing operations, HUDCO offers consultancy services, promotes research and studies and help propagate use of local building materials, cost-effective and innovative construction technologies.
Company's operations:
Finance For Construction

HUDCO offers loans for housing projects, such as urban and rural housing, co-operative housing, community toilets, slum upgradation, staff housing, repairs and renewals, private sector projects, land acquisition, and housing programs. They also offers take out finance for housing and infrastructure projects to state government, public agencies, and private corporate sector agencies.

Company provide loans for implementing agencies comprising state government bodies, co-operative societies, corporate employers, and community sectors; and building technology and rent to own schemes. It also provides finance for infrastructure projects in the sectors of water supply, sewerage, drainage, solid waste management, roads and transport, and electricity in the urban areas; and social infrastructure component, such as play/primary schools, working women hostels, health centers, play grounds, police stations, courts, jails, crematorium, etc. In addition, the company offers consultancy services, including URP services, environmental engineering, and government programs consultancy services; and disaster mitigation services. Further it provides home loans for individual.

ISSUE DETAILS
Issue Open
May 8, 2017 - May 11, 2017
Issue Type
Book Built Issue IPO
Issue Size
1,224.35 Cr
Issue Price
Rs 56 - Rs 60 Per Equity Share
Face Value
Rs 10 Per Equity Share
Market Lot
200 Shares
Lead Managers
ICICI Securities Limited, SBI Capital Markets Limited Etc
Listing At
BSE, NSE
OBJECTIVES OF ISSUE

1. Carry out the disinvestment of 200,190,000 Equity Shares by the Selling Shareholder constituting 10% of the Company’s pre-Offer paid up Equity Share capital Company; and
2. To achieve the benefits of listing the Equity Shares on the Stock Exchanges.

COMPANY FINANCIALS
Particulars In Rs. Millions
For the period ended 31-03-2016 31-03-2015 31-03-2014
Total Income 26780.00 33500.00 34289.00
Profit After Tax (PAT) 4963.00 8106.00 7683.00
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Contact Details
Vaibhav Desai
Senior Manager
Email: vaibhav.desai@satco.co.in
022-61706700 ext. 208
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Corporate Office

Address: 205, Silver Pearl, 2nd Floor, OPP. China Gate, Water Field Road, Bandra (W), Mumbai - 400 050.
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