The entire proceeds of the IPO have gone to the Government of India

In the current scenario, the HUDCO IPO was subscribed by 80 times and received applications for around Rs 97,000 crore. It was the first IPO in the past five years by any central public-sector enterprise (CPSE) that ended in a great success. Dr M Ravi Kanth, Chairman & Managing Director, HUDCO, shares more... Rationale behind the IPO: It was the decision of the Department of Investment and Public Asset Management (DIPAM) to disinvest government holdings in HUDCO by 10.20 per cent out of the 100 per cent equity held by the government. The entire proceeds of the IPO have gone to the Government of India. Sectors where HUDCO will route its fund: HUDCO is basically involved in financing housing and infrastructure projects all over the country. The company has eight main objectives and 20 ancillary objectives that give ample scope for balanced and inclusive growth. In the housing sector, it is one of the largest financial institutions in the country for financing EWS and LIG housing projects. In the urban infrastructure sector, HUDCO finances projects in the area of drinking water supply, sanitation, solid waste management, roads and highways, healthcare, smart cities, etc, and offers financial assistance to urban local bodies. Loans sanctioned towards infrastructure and housing projects: In housing projects, HUDCO has so far sanctioned approximately Rs 57,457 crore and released about Rs 43,733 crore up to April 2017. In housing finance, it has so far given financial assistance to more than 16.5 million units, of which 90 per cent has been financed to the EWS and LIG categories. For urban infra projects, HUDCO has sanctioned Rs 104,715 crore so far and released approximately Rs 75,010 crore up to April 2017. That said, 31 per cent of HUDCO's financing is towards housing and 69 per cent towards social and core infrastructure.