HUDCO IPO: You must know | Learn about IPO |Learn about HUDCO IPO HD

Housing and Urban Development Corporation Ltd (HUDCO) is providing loans for housing and urban infrastructure projects in India. Housing and Urban Development Corporation Ltd (HUDCO) is planning to launch IPO (Initial Public offering). The tentative size of the HUDCO IPO is Rs 1000.95 Crs. The IPO might open on 5 April, 2017. Hightlights: HUDCO is providing loans for housing and urban infrastructure projects in India. Issue Open on 5 April, 2017 & close on 7 April, 2017. The tentative size of the HUDCO IPO is Rs 1000.95 Crs. Issue Price is Rs.48 – Rs.50 Per Equity Share. Listing on NSE & BSE would be on 17 April, 2017. HUDCO IPO: You must know:HUDCO IPO HUDCO Working: HUDCO provides long term finance for construction of houses and to undertake housing and urban infrastructure development programs. HUDCO also offers consultancy services, promotes research and studies and help propagate use of local building materials, cost-effective and innovative construction technologies. Company provides 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. Housing and Urban Development Corporation Ltd (HUDCO) Registration details: It was established as private limited company on 25 April, 1970, under companies Act 1956. At the time of incorporation the name of the company was “The Housing and Urban Development Finance Corporation Private Limited”. Later on 9 December, 1996 the company was converted into public limited company and the name of the company was also changed to present “Housing and Urban Development Corporation Limited”. HUDCO CIN No: Corporate identity number of HUDCO is U74899DL1970GOI005276 HUDCO IPO objective: 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. To achieve the benefits of listing the Equity Shares on the Stock Exchanges. HUDCO IPO details(Tentative): Issue Open: 5 April, 2017 & close on 7 April, 2017 Issue Type: Book Built Issue IPO Issue Size: 200,190,000 Equity Shares of Rs 10 aggregating up to Rs 95Crs Face Value: 10 Issue Price: Rs.48 – Rs.50 Per Equity Share Market Lot: 300 shares Minimum Order Quantity: 300 shares Listing At: BSE, NSE IPO schedule: 03rd April – Anchor Investors 05th April – Offer