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.
Object of the Issue
The net proceeds of the IPO are proposed to be used as set forth below:
- Carry out the disinvestment of 200,190,000 Equity Shares by the Selling Shareholder constituting 10% of the Company’s pre-Offer paid up Equity Share capital Company; and
- To achieve the benefits of listing the Equity Shares on the Stock Exchanges.
Promoters of the Company
- Company's Promoter is the President of India, acting through the Ministries.
Offer Period
Monday, 8 May 2017 - Thursday, 11 May 2017
Price Band
Rs. 56 - Rs. 60 Per Equity Share
Face Value
Rs 10/- per equity share
Bid Lot
200 Equity Shares and in multiples thereof
Issue Size
- 204,058,747 Equity Shares of Rs 10 aggregating up to Rs 1,224.35 Cr
Listing
National Stock Exchange (NSE), Bombay Stock Exchange (BSE)