Housing and Urban Development Corporation Ltd IPO Message Board (Page 92)

raat ko 3 bajey konasi good morning ho thi he

Friend maine socha ye massz to log subha hi dekhge .
Mere question ka answer kya hai

What else u need !!
BSE winning In every parameters relentlessly.

Comparison of FY17 with FY16

Revenue up by 19%
NP up 66%
EPS up 65%(now 40.41)
EBITDA up 21%

...wait.. ...
Not done yet.. ...!!

" 23 RS dividend " - just awesome

....Results were Already announced during mkt hours...so no gap up opening

......consider BSE as ur FD(with atleast 25% fixed return a yr) ...and keep hold on your core portfolio.

Gamble sir ....which stock div @ 23/-

Thanks gamble sir

Two questions.
1. In retail category, Is there a greater chance to get Allotment if we apply the maximum limit for one application?
2. In retail category, Which one has a greater chance of Allotment in Applying at CUT OFF Price or the Upper Limit of Price Band?

There is no difference for Retail clients whether apply at maximum bid price or at ''cut off''.
All applicants other than Retail (application for 200,000/- or below) has to bid essentially.

If issue is subscribed at lower price band and Retail applied at higher price band, even though he shall be debited for lower price.

60 Rs max price then for retailer 5 % discount means on 60Rs , 3 Rs discount so for min lot we have to pay 200 x 57 = 11400 /-Rs

Discount is flat Rs.2/- and not 5%. Applications with 57/- shall be bid @57/- and shall not be considered due to oversubscription.
Hence apply at ''cut off'' and fill ''net amount'' as 11,600/- @58/- for one lot and in its multiple.

See message 592

If any friend know PLEASE clear amount to be apply per share @ 58/-or 60/- in multiply of 200 shares × 58 or 60 /-

Dost 58

Can anyone please share HUDCO anchor list...

The hype created may result in listing gain@HUDCO

Hudco Max lot apply Please suggest me

maximum retail subscription : 17 lots (3400 shares) amounting to Rs. 1,97,000

read : 1,97,200

Is minimum application amount is 200×58

200x60=12000.
on allotment amount debit=58x200=11600

SUBSCRIBE is the consensus call.

GEPL Capital : Subscribe

Valuation & Recommendation
Housing and Urban Development Corporation Ltd (HUDCO) stands to gain from operating leverage and also rise in the business. At a P/E of 15.4x we believe that HUDCO at discount as compared to its domestic peers. We assign a Subscribe rating to the IPO.

ET Intelligence Group: Subscribe

Investors hoping to benefit from the government''s push towards affordable housing and infrastructure sectors can look to subscribe to the initial public offering of Housing and Urban Development Corporation (Hudco), a wholly-owned subsidiary of the Government of India.
The issue priced at an attractive 1.3 times the company''s book value at the upper price range may bring long-term gains for investors, given the business model that is skewed towards state government spending and likely tapering of bad assets in the loan portfolio of Hudco.

SPTULSIAN.com : Subscribe

Govt. backed lender extending loans to state agencies, where risk of default is near-zero, with adequate capital backing, good quality book and very strong sector tailwinds, is being offered at a price-to-book value multiple of only 1.2 times, which is indeed a no brainer. Retail discount of Rs. 2 per share, seen after a long times, only acts as an additional sweetener!
Very attractive pricing supported by domestic housing boom make this issue a subscribe both from listing gains and long term perspective. Share also hold promise to touch the 3-digit figure over the next 12 months.

Angel Broking : Subscribe

At the issue price band of Rs56-60, the stock is offered at 1.25x-1.35x its 9MFY2017 BV, which we believe is reasonably priced, and hence, recommend SUBSCRIBE to the issue.

LKP Securities : Subscribe

The HUDCO IPO, valued as 1.25X price to book value in its upper price band, is kickstarting the Centre’s disinvestment programme for FY18 in order to raise funds & unlock value. We believe that there the IPO is attractively priced considering its long standing relationships with state governments, comfortable NIM & debt position, ability to raise funds from a wide variety of institutional & non institutional sources, healthy asset quality & prudent approach. We thereby recommend a SUBSCRIBE on the HUDCO IPO.

SMC Global Securities Ltd. : Subscribe

The Company is set to play a significant role in PMAY under Housing for All (HFA) by 2022 and thus the outlook of the company looks bright. Moreover, it enjoys AAA rating for its debt plans from rating agencies like CARE and ICRA. With Pan India presence, company is set to explore growth potentials. Investors with long term horizon may consider for investment.

Choice Broking : Subscribe

Valuation and View: As HUDCO generates 70% business from urban infrastructure finance and 30% from housing finance, there s no close peer to company. Given the strong fundamentals of company and favorable industry scenario, valuation looks attractive as at the higher price band of Rs60 per share, HUDCO’s share is available at a P/BV multiple of 1.2(x). Average P/BV multiple of housing and infrastructure finance companies such as DHFL, LIC Housing Finance, L&T Finance Holdings, PFC and REC is currently stands at 2.1(x).

ICICI securities : Unrated (since it is the book running lead manager)

Plz advice mera account SBBJ me hai per ab wo SBI ho gya toh mujhe form per kya fill karna hai SBBJ ya SBI

Septa Sir,

I bought Ujjivan @ 400 RS....
Plz help me....Should i book loss or hold for sometime ?

i hve 10 demat. any1 is there who want to purchse demat from Bhuj,Kutch,Gujarat

For Hudco Par lot 12000 Rs (200*60) , How much application can be done by par PAN. ?

If 5% discount for retailer then we have to pay 200 x 57 = 11,400 /-

One par one pan only

HUDCO or HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED is entering the capital market on 8th May. Market participants are mistaking HUDCO as a housing finance company and comparing it with the likes of PNB Housing Finance, CANFIN HOMES etc. The fact is totally opposite as 89.88% of the loan book of HUDCO is to State governments. 59.85% of the total loan portfolio is advanced to State Govts for Infrastructure like water supply projects, Roads and Transport, Power, Sewage and Drainage etc. Average loan size is Rs.54 crores
29.93% of the total loan portfolio is advanced to State Govts for social housing wherein the average loan size is Rs.57 Crores.
Hence 90% of the total loan portfolio is to State Govts and its agencies only.
Of the balance 10%, 9.29% is to private sector for infrastructure projects like roads, dams etc.
ONLY 0.71% is to private sector for home finance.
Further fixed rate borrowing constitutes 97.94% of HUDCO’s borrowings whereas it has lent 81.32% of its loans to borrowers at floating rate of interest which is a very serious mismatch in a falling interest rate scenario.
The right comparison for HUDCO would be with REC as they both lend to state govt and its agencies for various infrastructure projects and we CANNOT and SHOULD NOT compare it with Retail housing companies like PNB Housing, CANFIN etc. which are ONLY into retail housing where the average loan size is around Rs.15 lakhs.

REC HUDCO
Equity 1975 crs 2001.9 crs
PAT annualised 6569 crs 695 crs
EPS 33.27 3.40
Market Price 216/- 60/-
PE Ratio 6.50 17.65
Dividend 10/- 0.50
Dividend Yield 4.62% 0.83%
Gross NPA 2.32% 9.17%
Net NPA 1.68%% 4.46%%
Return on Equity 21.1% 8.07%
Revenue CAGR last 5 yrs 18% 4.44%
PAT CAGR last 5 yrs 14.84% 2.26%

Buying HUDCO at a PE of 18 times at the present issue price of 60/- wherein there is NO Growth does call for a lot of caution for long term investment. For flippers, it makes sense to apply and sell on the listing date given the present GMP rates.

Asset quality is main difference between REC and HUDCO

first time i am applying for IPO .. any experts could suggest me how much price i need to quote for 200 shares.. need your help.. applying via online SB account

Eagleye pl come, without you this forum is empty. Humble requested to you pl come.

frnds if anyone gets allotment then dont sell it.. its a gem

Planning to purchase HUDCO IPO. Could you Please tell me how much lot i can purchase. what is the price per share.. all the details

hello eagle eye madem please please please come back i and many more are new in ipo field we are missing your true guidance