Through the OFS, the Government of India (the 'promoter') proposes to sell up to 7,00,66,500 equity shares (representing 3.50% stake), with an option to sell an additional 3.50% stake or 7,00,66,500 equity shares in case of oversubscription.

The floor price for the sale has been set at Rs 79, a 12.14% discount to the stock's closing price of Rs 89.92 on Tuesday, 17 October 2023.

The total OFS size (base size + green shoe) stands at 14,01,33,000 shares, representing 7% of outstanding equity shares of the company, the value of which (at floor price) aggregates to Rs 1,107.05 crore.

The Government of India held 81.81% stake in HUDCO as of 30 September 2023.

The OFS opened on Wednesday (18 October 2023) for non-retail investors, while both retail as well as non-retail investors will be able to subscribe on Thursday (19 October 2023).

As of 13:10 IST, the OFS received subscription for 5,50,75,000 shares. It was subscribed 78.60% on the base non-retail offer size of 7,00,66,500 shares and 39.30% on the total non-retail offer size (base size + green shoe) of 14,01,33,000 shares.

HUDCO is a policy institution that provides housing finance and non-commercial urban infrastructure financing. The company's key mission is to support the construction of affordable housing for lower-income households and the development of non-commercial urban infrastructure (including water supply, road and transport, power, commercial infrastructure). HUDCO conducts its business by balancing profitability with its social mandate.