Housing and Urban Development Corporation Limited 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.
Objects of the Issue:
Listing Date: May 19 2017
|Open Date:||May 08 2017|
|Close Date:||May 11 2017|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Built Issue IPO|
|Issue Size:||1,224.35 Cr.|
|Lot Size:||200 Shares|
|Issue Price:||₹ 56-60 Per Equity Share|
|Listing Date:||May 19 2017|
Promoters And Management:
|Particulars||For the year/period ended (in Rs. Million)|
|Profit After Tax (PAT)||4,962.9||8,106.1||7,683.2||7,339.7||6,996.9||6,215.7|