Government's 8% stake sale in HUDCO with floor price Rs 45 per unit
Real Estate

Government's 8% stake sale in HUDCO with floor price Rs 45 per unit

The government's stake sale of 8% in Housing and Urban Development Corporation Limited(HUDCO) opens on Tuesday at a floor price of Rs 45 per share. The sale of 16.01 crore or 8% shares would fetch nearly Rs 720 crore to the exchequer.

The government is selling 5.5% shares or over 11.01 crore shares with retain-over-subscription and 2.5% shares or over 5 crore shares through an offer-for-sale (OFS) option.

According to the Secretary of the Department of Investment and Public Asset Management (DIPAM), Tuhin Kanta Pandey, the OFS for the Government of India (GoI) equity in HUDCO opens on Tuesday and the next day for retail investors. The government would divest 5.5% and extra 2.5% shares as Green Shoe Option.

President Ram Nath Kovind, acting through the Ministry of Housing and Urban Affairs, allows the sale of the stakes in HUDCO through the OFS method.

On Monday, the stakes of HUDCO closed at Rs 47.20 per unit, down 6.81% on the share market BSE.

The government's floor price at Rs 45 per unit is at a discounted price of 4.66% over the closing price.

The government has already generated more than Rs 7,646 crore through the sale of a minority of stakes. Out of this, Rs 3,651 crore is from National Mineral Development Corporation Private Limited (NMDC) OFS and Rs 3,994 crore from the sale of Specified Undertaking of Unit Trust of India (SUUTI) stake in Axis Bank.

As per BSE reports, on July 27, HUDCO aims to sell over 11 crore equity shares of Rs 10 face value per unit, which is 5.5% of the total equity share capital of the company. It also aims to sell over 5 crore shares on July 28, which is 2.5% of the equity shares that the company holds.

Image Source

The government's stake sale of 8% in Housing and Urban Development Corporation Limited(HUDCO) opens on Tuesday at a floor price of Rs 45 per share. The sale of 16.01 crore or 8% shares would fetch nearly Rs 720 crore to the exchequer. The government is selling 5.5% shares or over 11.01 crore shares with retain-over-subscription and 2.5% shares or over 5 crore shares through an offer-for-sale (OFS) option. According to the Secretary of the Department of Investment and Public Asset Management (DIPAM), Tuhin Kanta Pandey, the OFS for the Government of India (GoI) equity in HUDCO opens on Tuesday and the next day for retail investors. The government would divest 5.5% and extra 2.5% shares as Green Shoe Option. President Ram Nath Kovind, acting through the Ministry of Housing and Urban Affairs, allows the sale of the stakes in HUDCO through the OFS method. On Monday, the stakes of HUDCO closed at Rs 47.20 per unit, down 6.81% on the share market BSE. The government's floor price at Rs 45 per unit is at a discounted price of 4.66% over the closing price. The government has already generated more than Rs 7,646 crore through the sale of a minority of stakes. Out of this, Rs 3,651 crore is from National Mineral Development Corporation Private Limited (NMDC) OFS and Rs 3,994 crore from the sale of Specified Undertaking of Unit Trust of India (SUUTI) stake in Axis Bank. As per BSE reports, on July 27, HUDCO aims to sell over 11 crore equity shares of Rs 10 face value per unit, which is 5.5% of the total equity share capital of the company. It also aims to sell over 5 crore shares on July 28, which is 2.5% of the equity shares that the company holds. Image Source

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement