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HUDCO IPO: You must know

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:
1.      HUDCO is providing loans for housing and urban infrastructure projects in India.
2.      Issue Open on 5 April, 2017 & close on 7 April, 2017.
3.      The tentative size of the HUDCO IPO is Rs 1000.95 Crs.
4.      Issue Price is Rs.48 – Rs.50 Per Equity Share.
5.      Listing on NSE & BSE would be on 17 April, 2017.

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.
5.      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 1000.95 Crs
      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
6.      IPO schedule:
      03rd April – Anchor Investors
      05th April – Offer Opens
      07th April – Offer Closes
      12th April – Finalisation of Basis of Allotment
      13th April – Unblocking of ASBA
      15th April – Credit to Demat Accounts
      17th April – Listing on NSE & BSE
7.      HUDCO IPO Category-wise Break up:
      Anchor – 6,00,57,000 Shares = 300.29Crs.
      Net QIB – 4,00,38,000 Shares = 200.19Crs
      NII – 3,00,28,500 Shares = 150.14Crs
      RII – 7,00,66,500 Shares = 350.33Crs. (Lot size: 300 = 233,555 Forms)