HUDCO IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 08/05 - 11/05
Issue Size ₹1,224.35 Cr
Issue Price ₹56 - 60
Market Lot 200 Shares
Shares on Offer 204,058,747
Registrar
GMP ₹30 - 32
Kostak ₹1250 - 1350
Subject to Sauda N/A
Listing Date 19-May
Listing Price ₹76.50
Listing Gain% 21.57

About Housing and Urban Development Corporation Ltd IPO

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 have been conferred the status of Miniratna (Category-I Public Sector Enterprise) by the GoI. As at September 30, 2016, their total sanctioned loans since their 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, their 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.

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.

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.

Company Financials

Particulars 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets (In ₹ Millions) 358,815.8 331,137.4 302,244.0 269,489.4 274,951.7
Total Revenue (In ₹ Millions) 33,500.8 34,278.5 30,028.8 29,213.4 27,786.4
Profit After Tax (PAT) (In ₹ Millions) 8,106.1 7,683.2 7,339.7 6,996.9 6,215.7

Housing and Urban Development Corporation Ltd IPO IPO Reviews

  • Rating: 
  • Recommendation:
  • HUDCO subscribed more than 100% on day 1, They strongly recommending subscribing to this IPO.

Subscription Details

Date & Time QIB NII RII Total
Day 1 - May 08,2017 0.18 0.16 1.52 0.63
Day 2 - May 10,2017 2.96 0.94 4.12 3.01
Day 3 - May 11,2017 55.45 330.36 10.79 79.53

Allotment Status

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IPO Allotment Status

Housing and Urban Development Corporation Ltd IPO IPO FAQs

  1. When will Housing and Urban Development Corporation Ltd IPO IPO open?

    Housing and Urban Development Corporation Ltd IPO IPO will open on 08/05 and close on 11/05.

  2. What is the listing date of Housing and Urban Development Corporation Ltd IPO IPO?

    Housing and Urban Development Corporation Ltd IPO IPO will list on 19-May.

  3. What is the offer price of Housing and Urban Development Corporation Ltd IPO IPO?

    The offer price of Housing and Urban Development Corporation Ltd IPO IPO is ₹56 - 60.

  4. What is the lot size of Housing and Urban Development Corporation Ltd IPO IPO?

    The lot size of Housing and Urban Development Corporation Ltd IPO IPO is 200.

  5. What is the Grey Market Premium (GMP) price of Housing and Urban Development Corporation Ltd IPO IPO?

    The Grey Market Premium (GMP) price of Housing and Urban Development Corporation Ltd IPO IPO is ₹30 - 32.

  6. What is the Kostak price of Housing and Urban Development Corporation Ltd IPO IPO?

    The Kostak price of Housing and Urban Development Corporation Ltd IPO IPO is ₹1250 - 1350.

  7. What is the Subject to Sauda price for Housing and Urban Development Corporation Ltd IPO IPO?

    The Subject to Sauda price for Housing and Urban Development Corporation Ltd IPO IPO is Not Available at the moment.

Housing and Urban Development Corporation Ltd IPO IPO Review/Comments

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