Business Standard

Housing Development & Infrastructure Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

1,485.00 cr

Price Range (₹)

500

Lot Size

14

Min Investment (₹)

7,000.00

Listing Exchange

MumbaiNSE

Open Date

28-Jun-2007

Close Date

03-Jul-2007

Listing Date

24-Jul-2007

Housing Development & Infrastructure Ltd News

    The Shares of Housing Development & Infrastructure Ltd have now been listed.

    Housing Development & Infrastructure Ltd IPO Details

    Public issue of 2,97,00,000 equity shares of Rs.10/- each of Housing Development and Infrastructure Limited (HDIL or the company or the issuer) for cash at a price of Rs.500/- per equity share (including a share premium of Rs.490/- per equity share) aggregating to Rs.1485 Crores (the issue). The issue comprises a reservation of up to 6,00,000 equity shares for subscription by eligible employees (as defined herein) (the employee reservation portion) and an issue to the public of 2,91,00,000 equity shares (the net issue). There will also be a green shoe option of up to 44,55,000 equity shares for cash at a price of Rs.[*] per equity share aggregating to Rs.[*] Crores (the green shoe option). The issue and the green shoe option, if exercised in full, will aggregate to 3,41,55,000 equity shares amounting to Rs.[*]. The net issue will constitute 13.86% of the fully diluted post issue paid-up capital of the company assuming that the green shoe option is not exercised and 15.65% assuming that the green shoe option is exercised in full.Issue Price is Rs.500/- per equity share of face value Rs.10/- eachThe floor price is 50 times of the face value

    Objective of issue

    Acquisition of Land & Land Development Rights. Construction of our Ongoing & Planned Projects. General Corporate Purposes.

    Housing Development & Infrastructure Ltd Contact Details

    Housing Development & Infrastructure Ltd, Plot No 17-24, Vittal Rao Nagar, Madhapur, Hyderabad-500081

    Phone - 91-040-44655185/44655000

    Fax - 91-040-23420814/23420857

    Email - darshan.majmudar@hdil.in

    Website - www.hdil.in