[nilesh]

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Can you tell me in detail about the Initial public offering (IPO) of Housing and Urban Development Corporation Limited (HUDCO)?

[Vishal Kotkar]

Government owned, Housing and Urban Development Company Limited (HUDCO) is coming up with Initial public offering (IPO) in this month. HUDCO IPO would open for subscription from 8th May, 2017.

HUDCO (Housing and Urban Development Company) 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, its total sanctioned loans since our inception was Rs 1,570,870 million, Rs 612,305.4 million of which, or 38.97%, were Housing Finance loans and Rs 958,573.2 million of which, or 61.02%, were Urban Infrastructure Finance loans.

As at September 30, 2016, its 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.

Issue Detail:

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

Company Financials:

Summary of financial Information

Particulars For the Year/Period Ended (in Rs. Million)
31-Dec-16 31-Mar-16 31-Mar-15 31-Mar-14

Total Assets 360,975.40 358,815.80 331,137.40 302,244.00

Total Revenue 26,779.90 33,500.80 34,278.50 30,028.80

Profit After Tax (PAT) 4,962.90 8,106.10 7,683.20 7,339.70