Housing and Urban Development Corporation Limited (HUDCO) is a public sector undertaking with more than 47 years experience in providing loans for housing and urban infrastructure projects in India. The company has been conferred the status of Miniratna (Category-I Public Sector Enterprise) by the Government of India (GoI). The company classified housing finance loans into social housing residential real estate and retail finance which is branded as HUDCO Niwas. The Urban Infrastructure Finance which the company provides is for projects relating to water supply roads and transports power Emerging sectors which includes SEZs (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; social infrastructure and area development; and sewerage drainage and solid waste management.HUDCO was incorporated as 'The Housing and Urban Development Finance Corporation Private Limited' on April 25 1970 as a private limited company under the Companies Act 1956 and was granted a certificate of incorporation by the then Registrar of Companies Delhi. Subsequently the name of the Company was changed to its present name 'Housing and Urban Development Corporation Limited' and a fresh certificate of incorporation dated July 9 1974 was issued by the then Registrar of Companies Delhi & Haryana. The Company was notified as a public financial institution under Section 4A of the Companies Act 1956 on December 9 1996 by the Department of Company Affairs Ministry of Finance GoI. Further the NHB issued a certificate of registration to us on July 31 2001 permitting to carry on the business of a housing finance institution. In 1977 HUDCO launched rural housing schemes for providing loan assistance for construction of rural houses. In 1986 the company established the Human Settlement Management Institute the research and training division of the company. In 1988 the company commenced urban infrastructure financing. In 1996 the company was notified as a public financial institution under Section 4A of the Companies Act 1956 by the Department of Company Affairs Ministry of Finance GoI. In 1999 HUDCO began retail financing under the brand name HUDCO Niwas. In 2012 the company's profit after tax (PAT) crossed Rs 600 crore mark. During the financial year 2011-2012 the company raised Rs 5000 crore through an issue of tax-free bonds as allocated by the CBDT in its budget allocation for the year including Rs 4684.7 crore raised through a public issue of tax-free bonds. In 2013 HUDCO's PAT crossed Rs 700 crore mark. During the financial year 2012-2013 the company raised Rs 2401.35 crore through a public issue of tax-free bonds as allocated by the CBDT in its budget allocation for the year. During the financial year 2013-2014 HUDCO raised Rs 4987.12 crore through an issue of tax-free bonds as allocated by the CBDT in its budget allocation for the year including Rs 4796.32 crore raised through a public issue of tax-free bonds. During the financial year 2015-2016 the company raised Rs 5000 crore through an issue of tax-free bonds as allocated by the CBDT in its budget allocation for the year including Rs 3500 crore raised through a public issue of tax-free bonds. Government of India (GoI) carried out disinvestment of 20.4 crore shares constituting 10.19% stake in HUDCO via an initial public offer (IPO) in May 2017. Post successful completion of the IPO GoI's stake in HUDCO came down to 89.81% from 100%. HUDCO shares were listed on the bourses on 19 May 2017.On 28 March 2018 the Board of HUDCO approved the annual borrowing programme of maximum upto Rs 40000 crore for the financial year 2018-19 through various sources/modes. The borrowing limit includes the power to make a private placement of non-convertible debentures (NCDs) subject to the approval of the shareholders of the company in general meeting. On 28 May 2018 HUDCO announced that an old default case of a borrower has been substantially resolved after prolonged litigation where HUDCO has received an amount of Rs 317 crore against the dues of Rs 469.38 crore as on 31 March 2018.Housing and Urban Development Corporation Limited (HUDCO) came out with an Initial Public Offering (IPO) of 204058747 equity shares of Face Value of Rs 10 each for cash at a price of Rs 60 per equity share aggregating to Rs1209.78 Crores. There was no fresh issue of shares by the company. The IPO was priced at Rs 60 per share.