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Housing and Urban Development Corporation (HUDCO)
*For category IV - Tranche III series 2B option for 15 years
Issue Highlights:
| Issue Opens | Friday, February 28, 2014 | Minimum Application | 5 Bonds (Rs. 5,000) |
| Issue Closes | Wednesday, March 19 , 2014 | Annualized Yield (Retail - Category IV) |
8.54% p.a Tranche III series 1B for 10 yrs 8.98% p.a Tranche III series 2B for 15 yrs 8.96% p.a Tranche III series 3B for 20 yrs |
| Issue Price | Rs. 1000/- per Bond | Credit Ratings | AA+ rated (outlook stable) by CARE 'IND AA+' by 'IRRPL' |
Business Overview:
Housing & Urban Development Corporation Ltd. (HUDCO) is a public sector company fully owned by Govt. of India for financing of housing and urban infrastructure activities in India. HUDCO was incorporated on April 25, 1970 under the Companies Act 1956.
The cardinal objective of HUDCO is to undertake housing and urban infrastructure development programs in the country provide long-term finance for construction of houses for residential purposes in urban & rural areas and finance or undertake, the setting up of the new or satellite towns and industrial enterprise for building material. Business is broadly classified into following two platforms: Housing Finance & Urban Infrastructure Finance.
Issue Highlights:
| Issue Opens | Friday, February 28, 2014 |
| Issue Closes | Wednesday, March 19, 2014 |
| Issue Price | Rs. 1000/- per Bond |
| Face Value | Rs. 1000/- per Bond |
| Issue Size | Rs. 75 crore (Base Issue Size) with an Option to retain oversubscription upto the Residual Shelf Limit (i.e. Rs. 285.8067 crore). |
| Minimum Application | 5 Bonds (Rs. 5,000) |
| Rating | AA+ rated (outlook stable) by CARE and 'IND AA+' by 'IRRPL' |
| Listing On | BSE |
| Registrar | Karvy Computershare Private Limited |
| Annualized Yield (Retail - Category IV) |
8.54% p.a Tranche III series 1B for 10 yrs 8.98% p.a Tranche III series 2B for 15 yrs 8.96% p.a Tranche III series 3B for 20 yrs |
| Annualized Yield (Non Retail - Category I, II and III) |
8.29% p.a Tranche III series 1A for 10 yrs 8.73% p.a Tranche III series 2A for 15 yrs 8.71% p.a Tranche III series 3A for 20 yrs |
Allotment is on First Come First Serve Basis
Specific terms for each series of Bonds
| Options / Series* | Tranche III Series 1A | Tranche III Series 2A | Tranche III Series 3A |
| Coupon rate p.a. for Category I, II, and III | 8.29% | 8.73% | 8.71% |
| Annualized yield p.a. for Category I, II & III | 8.29% | 8.73% | 8.71% |
| Options / Series* | Tranche III Series 1B | Tranche III Series 2B | Tranche III Series 3B |
| Coupon Rate p. a. for Category IV | 8.54% | 8.98% | 8.96% |
| Annualized yield p.a. for Category IV | 8.54% | 8.98% | 8.96% |
| Frequency of Interest Payment | Annual | Annual | Annual |
| Minimum Application | 5 Bonds (Rs. 5,000) | ||
| In Multiples of | One Bond (Rs. 1,000/-) | ||
| Face Value | Rs. 1,000/- | ||
| Issue Price | Rs. 1,000/- | ||
| Tenor | 10 Years | 15 Years | 20 Years |
| Redemption Date | 10 years from the Deemed Date of Allotment | 15 years from the Deemed Date of Allotment | 20 years from the Deemed Date of Allotment |
| Redemption Amount (Rs./Bond) | Repayment of the face value along with any interest (at the applicable interest rates) that may have accrued at the Redemption Date. | ||
* The Company shall allocate and Allot Bonds of Tranche - III Series 1A/Tranche - III Series 1B maturity (depending upon the Category of Applicants) to all valid Applications, wherein the Applicants have not indicated their choice of the relevant Bond series in their Application Form.
Click here to download the prospectus of this NCD Issue.
Who Can Apply
| Categories | Reservation for Categories | Basis of allocation incase of over subscription | |
| Category I: (QIB Portion) |
|
10% of Overall Issue Size | On first-come-first-serve basis |
| Category II: (Corporate Portion) |
|
10% of Overall Issue Size | On first-come-first-serve basis |
| Category III: (HNI Portion) |
The following investors applying for an amount aggregating to above Rs.10 lakhs across all Series of Bonds in each Tranche Issue:
|
20% of Overall Issue Size | On first-come-first-serve basis |
| Category IV: (Retail Portion) Individual Investor |
The following investors applying for an amount aggregating upto and including Rs. 10 lakhs across all Series of Bonds in each Tranche Issue:
|
60% of Overall Issue Size | On first-come-first-serve basis |
4 Easy Ways to Apply
Apply on Website
- Login to Edelweiss.in >> Trade
- Click on 'IPO' tab
- Click on Order IPO
- Click on Apply button next to the HUDCO Tranche III Bond option you wish to apply.
- Enter relevant details like quantity and price and hit the 'Submit' button.
- Post your confirmation, order will be placed successfully
Use Xtreme Trader
- Login to Xtreme Trader
- Click on Weblinks on the top menu bar
- Click on 'IPO'
- Click on Order IPO
- Click on Apply button next to the HUDCO Tranche III Bond option you wish to apply.
- Enter relevant details like quantity and price and hit the 'Submit' button.
- Post your confirmation, order will be placed successfully
Use the Mobile Trader App
- Login to Edelweiss Mobile Trader
- Tap on 'IPO' button at the bottom of the App
- Tap on the "HUDCO Tranche III Bond Issue", and hit the "Apply" button
- Enter relevant details like quantity and price and hit the 'Submit' button
- Post your confirmation, order will be placed successfully
Call Customer Care to Apply
- Call up 1800-102-333-5
- Select your preferred language: Press 1 for English or 2 for Hindi
- Press 1 to confirm that you are an existing account holder
- Press 5 to apply in IPO
- Speak to the customer care executive and provide the REC Option you wish to apply along with Quantity and Price.
About Edelweiss
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