HUDCO is a wholly owned Government company with focus on Housing and Urban Infrastructure Finance in India. The Government is divesting its 10% stake in the company as part of its disinvestment programs.
HUDCO has a unique blend of business with focus on financing both housing and urban infrastructure, which has vast untapped opportunity in India. Focus on Govt. sponsored projects and ability to raise funds at a competitive price provides earnings visibility for many years. At the issue price band of Rs56-60, the stock is offered at 1.25x-1.35x its 9MFY2017 BV, which we believe is reasonably priced, and hence, recommend SUBSCRIBE to the issue.
HUDCO - IPO Note - 040517
Published on 4th May 2017
Related Post
KFin Technologies IPO
CMP: NA
Target Price: NA
Incorporated in 2017, KFin Technologies Limited is a leading technology-driven financial s…
Sula Vineyards Limited IPO
CMP: NA
Target Price: NA
Incorporated in 2003, Sula Vineyards Limited is Indias largest wine producer and seller as…
Archean Chemical Industries Limited IPO
CMP: NA
Target Price: NA
Incorporated in 2009, Archean Chemical is a leading specialty marine chemical manufacturer…
Five Star Business Finance Ltd IPO
CMP: NA
Target Price: NA
Incorporated in 1984, Five Star Business Finance Ltd (FSBFL) is an NBFC-ND-SI (Non-Banking…
Kaynes Technology India Ltd IPO
CMP: NA
Target Price: NA
Incorporated in 2008, Kaynes Technology India Limited (KTIL) is a leading end-to end and I…
Bikaji Foods International Limited IPO
CMP: NA
Target Price: NA
Incorporated in 1995, Bikaji Foods International Limited (Bikaji Foods) is among the India…
Global Health Limited IPO
CMP: NA
Target Price: NA
Incorporated in 2004, Global Health Limited (GHL) is one of the largest private multi-spec…
Fusion Micro Finance Limited IPO
CMP: NA
Target Price: NA
Incorporated in 1994, Fusion Micro Finance Limited (FML) is one of the youngest companies …
DCX Systems Limited IPO
CMP: NA
Target Price: NA
Incorporated in 2011, DCX Systems Limited (DSL) is among the leading Indian players in the…
Electronics Mart India Limited IPO
CMP: NA
Target Price: NA
Incorporated in 1980, Electronics Mart India Limited (EMIL) is the 4th largest consumer du…
KFin Technologies IPO
CMP: NA
Target Price: NA
Incorporated in 2017, KFin Technologies Limited is a leading technology-driven financial s…
Sula Vineyards Limited IPO
CMP: NA
Target Price: NA
Incorporated in 2003, Sula Vineyards Limited is Indias largest wine producer and seller as…
Archean Chemical Industries Limited IPO
CMP: NA
Target Price: NA
Incorporated in 2009, Archean Chemical is a leading specialty marine chemical manufacturer…
Five Star Business Finance Ltd IPO
CMP: NA
Target Price: NA
Incorporated in 1984, Five Star Business Finance Ltd (FSBFL) is an NBFC-ND-SI (Non-Banking…
Kaynes Technology India Ltd IPO
CMP: NA
Target Price: NA
Incorporated in 2008, Kaynes Technology India Limited (KTIL) is a leading end-to end and I…
Bikaji Foods International Limited IPO
CMP: NA
Target Price: NA
Incorporated in 1995, Bikaji Foods International Limited (Bikaji Foods) is among the India…
Global Health Limited IPO
CMP: NA
Target Price: NA
Incorporated in 2004, Global Health Limited (GHL) is one of the largest private multi-spec…
Fusion Micro Finance Limited IPO
CMP: NA
Target Price: NA
Incorporated in 1994, Fusion Micro Finance Limited (FML) is one of the youngest companies …
DCX Systems Limited IPO
CMP: NA
Target Price: NA
Incorporated in 2011, DCX Systems Limited (DSL) is among the leading Indian players in the…
Electronics Mart India Limited IPO
CMP: NA
Target Price: NA
Incorporated in 1980, Electronics Mart India Limited (EMIL) is the 4th largest consumer du…
KFin Technologies IPO
CMP: NA
Target Price: NA
Incorporated in 2017, KFin Technologies Limited is a leading technology-driven financial s…
Sula Vineyards Limited IPO
CMP: NA
Target Price: NA
Incorporated in 2003, Sula Vineyards Limited is Indias largest wine producer and seller as…
Archean Chemical Industries Limited IPO
CMP: NA
Target Price: NA
Incorporated in 2009, Archean Chemical is a leading specialty marine chemical manufacturer…
Five Star Business Finance Ltd IPO
CMP: NA
Target Price: NA
Incorporated in 1984, Five Star Business Finance Ltd (FSBFL) is an NBFC-ND-SI (Non-Banking…
Kaynes Technology India Ltd IPO
CMP: NA
Target Price: NA
Incorporated in 2008, Kaynes Technology India Limited (KTIL) is a leading end-to end and I…
Bikaji Foods International Limited IPO
CMP: NA
Target Price: NA
Incorporated in 1995, Bikaji Foods International Limited (Bikaji Foods) is among the India…
Global Health Limited IPO
CMP: NA
Target Price: NA
Incorporated in 2004, Global Health Limited (GHL) is one of the largest private multi-spec…
Fusion Micro Finance Limited IPO
CMP: NA
Target Price: NA
Incorporated in 1994, Fusion Micro Finance Limited (FML) is one of the youngest companies …
DCX Systems Limited IPO
CMP: NA
Target Price: NA
Incorporated in 2011, DCX Systems Limited (DSL) is among the leading Indian players in the…
Electronics Mart India Limited IPO
CMP: NA
Target Price: NA
Incorporated in 1980, Electronics Mart India Limited (EMIL) is the 4th largest consumer du…
