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17 December 2017

IPO Synopsis

Housing & Urban Development Corporation Ltd
Registered Office: HUDCO Bhavan Core 7-A,India habitat Centre Lodhi Rd , New Delhi - 110003 , New Delhi , India.
Phone : 91-11-24649610-27   Fax:91-11-24648427
Email :  
Website :
Initial public offering of 204,058,747 equity shares of face value of (Rs)10 each ("Equity Shares") of Housing and Urban Development Corporation Limited (The "Company" or The "Issuer") through an offer for sale by The President of India, acting through The Ministry of Housing and Urban Poverty Alleviation, Government of India (The "Selling Shareholder"), for cash at a price of (Rs)60 per equity share (The "offer price"), aggregating to (Rs)1209.78 crores (The "offer"). The offer comprises a net offer of 200,190,000 equity shares and an employee reservation portion of up to 3,868,747 equity shares. The offer and the net offer shall constitute 10.19% and 10% respectively, of the post-offer paid-up equity share capital of the company. The offer price: (Rs)60 per equity share of face value of (Rs)10 each. The offer price is 6 times of the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
08-May-17 11-May-17 (Rs)60.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :200  Further Multiples of :200

  (Rs Cr) Lead Managers to the Issue
Project Cost 16.20
ICICI Securities Ltd
Project Financed through Current Offer 1209.78  
Post Issue Equity Share Capital 2001.90  
Issue Price (Rs)60.00  
Listing fees on Stock exchanges
Promoted By
The President of India  
Listing At
Registrar to the Issue
Alankit Assignments Ltd 
Toll Free number: 1800-425-5501 / 1800-103-5501