HUDCO IPO Dates & Price Band:
- IPO Open: 05 April 2017
- IPO Close: 07 April 2017
- IPO Size: Approx Rs. 1000 Crores
- Face Value: Rs. 10 Per Equity Share
- Price Band: Rs. 48 to 50 Per Share
- Listing on: BSE & NSE
- Shares: Apply for 300 Shares (Minimum Lot Size)
- Amount: Rs. 15000
- Basis of Allotment:
- Refunds:
- Credit to demat accounts:
- Listing: NSE & BSE
State-owned Housing and Urban Development Corp. Ltd (Hudco) has filed draft red herring prospectus (DRHP) for its proposed initial public offering (IPO), according to the document available on Nomura Financial’s website.
Through the public issue, the government will sell upto 200.2 million equity shares, constituting to 10% stake in the company via offer for sale. Hudco is under administrative control of the Union urban development ministry.
Retail investors and company staff may be offered up to 5% discount to issue price.
Nomura Financial Advisory and Securities (India) Pvt Ltd, IDBI Capital Markets & Securities Ltd and SBI Capital Markets Ltd are acting as the lead managers for issue.
Hudco was set up in 1970 under the administrative control of the ministry of housing and urban poverty alleviation with the objective of providing long-term finance for the construction of houses. It also finances and undertakes housing and urban development projects in the country.
Total revenue of the company for the six months ended period ended on September 30 was reported at Rs1,748 crore and a net profit of Rs 347 crore.
As of 30 September 2016, the net worth of our company was Rs8,724 crore, as per its Restated Financial Statements.
http://www.sebi.gov.in/cms/sebi_data/attachdocs/1483435402664.pdf (DRAFT RED HERRING PROSPECTUS)
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