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HUDCO IPO Allotment Status, Allotment Date, Listing Date, Price – Details & Review

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HUDCO IPO Allotment Status & Listing Date:

If you have applied for HUDCO shares in the IPO, the chances are you will get limited shares only as the issue was hugely oversubscribed. Allotment will be most likely around 18th May and you can check the allotment status then. The issue is expected to be listed on 19-May.

There are 2 different options to check your allotment for HUDCO IPO – 

  1. At Registrar’s website – You can check allotment status on registrar website (Alankit).They have given 2 new links – Link 1 & Link 2. You will need your PAN number to check the status.  
  2. BSE : You can also check the allotment status at this BSE Link as well. You will need both PAN & Application number for checking at BSE website.

PSP Projects IPO is opening on 17th May – Read details & review

 

If you are not able to check status for HUDCO IPO allotment, you can put your name and PAN number in the comments section below and we will check and let you know.

Final day:  IPO is over-subscribed 80 times  (Retail 10 times, QIB 55 times & NIB 330 times over-subscribed)

Day 2:  IPO is over-subscribed 3 times  (Retail 4 times, QIB 3 times over-subscribed)

HUDCO is the government owned company providing loans for housing and urban infrastructure projects in India is coming up with its IPO on 8th May.

Issue Details of HUDCO IPO:  

  • IPO Open :  8th May – 11th May 2017
  • Issue Price band: Rs 56-60 per share
  • Discounted Price : Rs.54 – Rs.58 per Equity Share (RII & Employees)
  • Issue Size: Rs 1200 crores  ( 200 million shares)
  • Market lot :  XX shares
  • Minimum Investment:  Rs 12000 (Upper band)
  • Book Running Lead Managers :  ICICI Securities, IDBI, Nomura, SBICap
  • Registrar – Alankit Assignments
  • Listing: BSE/NSE

HUDCO IPO – Schedule
05th May : Anchor Investors subscription

08th May – Offer Opens
10th May – Bank Holiday for Buddha Pournima
11th May – Offer Closes
17th May – Finalisation of Basis of Allotment
18th May – Unblocking of ASBA
19th May – Credit to Demat Accounts
19th May – Listing on NSE & BSE

IPO Issue Allocation

  • Qualified institutional buyers (QIBs) –  50% of the total issue size.
  • Non-institutional investors (NIIs) –  15% of the issue size.
  • The retail quota limit in the issue = 35% of the issue size.

Background

HUDCO is a wholly-owned Government company with more than 46 years experience in providing loans for housing and urban infrastructure projects in India. They have been conferred the status of Miniratna (Category-I Public Sector Enterprise) by the GoI.

As at September 30, 2016, their total sanctioned loans since inception was Rs. 1,57,087 crores. 90% of loan is to State Government and their agencies:

  • Rs. 61,230 crores (39%)  were Housing Finance loans and
  • Rs. 95,857 crores (61%) were Urban Infrastructure Finance loans

Hudco’s total outstanding loan portfolio as of 31 December was Rs36,386 crores.

On the urban infra side, Hudco lends for projects relating to water supply; roads and transport, which includes railways and ports; power; emerging sectors, which includes special economic zones, industrial infrastructure, gas pipelines, oil terminals and telecom sector projects; commercial infrastructure and others, which includes shopping centres, market complexes, malls-cum-multiplexes, hotels and office buildings.

Promoters holdings:  100% Government of India

 

Objective of the issueThe Hudco IPO is a pure offer for sale which will see the government sell a 10% stake in the company. Hudco will not receive any proceeds from the sale of shares.

Anchor Investors:  Will be available one day before the IPO opens

Financials:

(in crores) 31-Dec-16 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
             
Total Assets 36097.54 35881.58 33113.74 30224.4 26948.94 27495.17
  34% 8% 10% 12% -2%  
             
Total Revenue 2677.99 3302 3427.85 3002.88 2921.34 2778.64
  8% -4% 14% 3% 5%  
             
Profit After Tax (PAT) 496.29 774 768.32 733.97 699.69 621.57
  -15% 1% 5% 5% 13%  
             
Basic EPS   3.87 3.84 3.67    

 

Risks: The resolution of loans to state electricity boards under the Uday scheme could continue to adversely impact the recognition of interest income from the exposure that accounts for 5.4% of the loan portfolio.

Valuation as compared to its peers:

HUDCO’s dual focus toward infrastructure development & housing finance, sectors that have emerged to be of primal focus for the Centre. With ~ 90% exposure of its loan portfolio coming from state governments & their agencies, it has managed to maintain its AAA rating and gain access to a diversified & low cost funding base.

HUDCO IPO, valued as 1.25X price to book value in its upper price band

Brokerage Recommendations:

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Should you invest: 

The Issue is attractively priced and expected to be over-subscribed. Future prospects is good as focus of government is on affordable housing and urbanisation. The flipside is that the revenue & profit has not grown much, but that is factored in the price.

Grey market premium (GMP) in HUDCO shares is currently around INR25 per share which indicates strong demand and a high possibility of a rewarding listing.

Disclaimer:  The articles or analysis on this website should not be constituted as Investment advice. Please consult your financial advisor before making any investments.

If you have any queries related to this article or any other personal finance query ( Investment, Taxation etc), please comment below

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The author is a Chartered Accountant and loves to write about Personal Finance, Wealth Management, Taxation etc. Disclaimer - The articles on this website is for informational and knowledge purposes and should not be treated as financial advice, Please consult your financial advisor before taking any investment decision.

53 comments

  1. I have booked a lot of 200 shares (Rs 56 – Bidding Value), I am new to stock market. This is my first stock purchase, should I have to be cautious about it opening rate(profit/Loss). Please suggest.

  2. Please do let me know my allotment status.
    Name – Pratik Gupta
    PAN – AQSPG6585E
    No. Of Shares Applied – 1600
    Kindly let me know the status once it is out.

    Thanks

  3. what would be the expected listing on NSE on day 1 for HUDCO ?

  4. I have booked 3400 shares at upper band in retail, could you please tell me, how many shares I will likely to get?

    • not consistent. People applied for 3400 may get 0, people applied for 200 may get 200.
      Please check in the link provided in the post

  5. Dhaval Sheladia

    Hi my name is dhaval Sheladia
    Pan No DDLPS5597H
    Apply for 200 hudco Share
    I have not received sma ot email from bse. Can you tell me about status

  6. When will we get allotment of hudco ipo.

  7. Hatim Battiwala

    I have made an application of 400 Shares and the details of the appilcation are as under:
    Name- Hatim Battiwala
    PAN: AZJPB1058R
    Application No: 80038760
    Please provide me the status once the details of allotment are out

    Thank you

  8. Today the allotment will b done?? of hudco

  9. BABU GOVINDAN
    PAN ABMPP70039
    email: bg@godrej.com

    please let me know allotment details for HUDCO – 1200 shares applied

  10. i have applied for 400 shares of hudco.

    kindly check the status.

    imran ali
    pan- awxpa7846d

    thanks in advance

  11. Rakesh Kumar Bansal

    The allotment status of HUDCO please:

    No of shares applied 1400

    PAN: ABDPB3417E

    Thanks

    Rakesh Kumar Bansal

  12. BRAJESH KUMAR JHA

    BRAJESH KUMAR JHA
    PAN NO AJDPJ1591P

  13. Can i know the status of the allotment
    PAN- BLMPP9832R
    Name- Priti Pai
    Application number- 16103289

  14. @wealth18 .. Is the IPo allotment for HUDCO is done ?? I’m still not able to see the status as on 18th may 10AM IST..

  15. K sridhar Rao
    Amepk9497m

  16. AROGYA STANLEY

    I have applied for 400 HUDCO shares. my Pan is ACJPT5665M. Kindly let me know about the allottment details.

  17. My PAN no is ABFPB5960L. I have applied for 1880 shares. Please let me know allotment of Hudco shares

  18. Hai Pratik,

    PAN – DBLPS2478K
    Name – Muzafar Sheik
    No. of shares applied – 200

    Let me know the status

    Regards,
    Muzafar Sheik

  19. Sandeep chhabra

    Please let me know allotment status for hudco

    Sandeep Chhabra-AFYPC1927M

  20. Wonder why HUDCO choose Alankit, They don’t seem to bother to up their website for allotment update. Very bad

  21. Hi I have applied for hudco ipo, but I’m unable find in the official sites, so please help me in this regard. My hudco application number is 90329853

  22. Please kindly let me know my hudco ipo allotment status
    Name – V. Janardhan Rao
    Application number – 90329853
    Pan no – AKDPR2870C
    No. Of shares applied for – 800

    Thanks

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