Notice No.   20210726-20   Notice Date   26 Jul 2021
Category   Trading   Segment   Equity
Subject   Opening of Offer for Sale for of Housing & Urban Development Corporation Ltd
Attachments   HUDCO OFS NOTICE.pdf ;

Trading and Custodian Members of the Exchange are requested to refer to notice nos. 20190118-43 dated January 18, 2019 and 20200701-27 dated July 01,2020, detailing Revised Guidelines for Bidding in Offer for Sale (OFS) Segment. The above guidelines were issued by the Exchange with reference to Securities and Exchange Board of India (SEBI) circular no. SEBI/HO/MRD/DOPI/CIR/P/2018/159 dated December 28, 2018 regarding “Review of Offer for Sale (OFS) of Shares through Stock Exchange Mechanism”.

All Market Participants are hereby informed that, the President of India (acting through the Ministry of Housing and Urban Affairs, Government of India) (the “Seller”) promoter of Housing and Urban Development Corporation Limited (the “Company")proposes to sell up to 11,01,04,500 equity shares of face value of Rs. 10 each (representing 5.5% of the total paid-up equity share capital of the Company) (“Base Offer Size”) , on July 27, 2021 (“T day”), (for non-Retail Investors only) and on July 28, 2021 (“T+1 day”) (for Retail Investors and non-Retail Investors who choose to carry forward their un-allotted bids) with an option to additionally sell 5,00,47,500 (2.5%) equity shares of the Company (the “Oversubscription Option”) and in event the Oversubscription Option is exercised, the equity shares forming part of the Base Offer Size and the Oversubscription Option will represent 16,01,52,000 (8%) of the outstanding equity shares of the Company, collectively, hereinafter be referred to as “Offer Shares”. In case the Oversubscription Option is not exercised, the equity shares forming part of the Base Offer Size will hereinafter be referred to as “Offer Shares”) through a separate, designated window of BSE Limited (the “BSE”) and the National Stock Exchange of India Limited (the “NSE” and together with BSE, the “Stock Exchanges” and such offer hereinafter referred as the “Offer”).

The Offer is being undertaken in accordance with: a) the “Comprehensive Guidelines on Offer for Sale (OFS) of Shares by Promoters through the Stock Exchange Mechanism” issued by the Securities and Exchange Board of India (the “SEBI”) through its circular no. CIR/MRD/DP/18/2012 dated July 18, 2012 (as amended up to December 28, 2018, pursuant to subsequent circulars issued by SEBI) (the “OFS Circular”), and section 21 of Chapter 1 of the “Master Circular for Stock Exchange and Clearing Corporation” issued by SEBI through its circular no. SEBI/HO/MRD/DP/CIR/P/2016/135 dated October 25, 2019 (together with the OFS Circular, the “OFS Guidelines”); b) the “Revised Guidelines for Bidding in Offer for Sale (OFS) Segment” issued by the BSE through its notice no. 20200701-27 dated July 1, 2020 and “OFS Segment- Placing of price bids by Retail Investors (on T+1 Day) below Cut-off Price Not Allowed” issued by the BSE vide its circular bearing no. 20210322-21 dated March 22, 2021, and to the extent applicable, notice no. 20190118-43 dated January 18, 2019, notice no. 20160218-33 dated February 18, 2016, notice no. 20150702-28 dated July 2, 2015, and, to the extent applicable, the previous notices issued by the BSE in this regard, including notice no. 20150122-30 dated January 22, 2015, notice no. 20140902-33 dated September 2, 2014, notice no. 20130129-23 dated January 29, 2013, notice no. 20120727-26 dated July 27, 2012, notice no. 201202228-30 dated February 28, 2012 and notice no. 20120222-34 dated February 22, 2012; and c) the “Offer for Sale - Introduction of Interoperability” issued by the NSE through its circular no. 51/2020 dated June 30, 2020 and “Offer for Sale – Retail category price bids below cut-off not allowed in RS series on T+1 day” issued by NSE vide its circular bearing no. 32/2021 dated March 22, 2021 and to the extent applicable,  circular no. 23/2020 dated February 19, 2020, circular no. 08/2019 dated January 18, 2019, circular no. 10/2016 dated February 19, 2016, and to the extent applicable, the previous circulars issued by the NSE in this regard, including circular no. 29/2015 dated June 30, 2015, circular no. 6/2015 dated January 28, 2015, circular no. 44/2014 dated September 2, 2014, circular no. 52/2013 dated May 30, 2013, circular no. 0037/2013 dated January 31, 2013, circular no. 005/2013 dated January 30, 2013, circular no. 52/2012 dated August 2, 2012, circular no. 73/2012 dated February 24, 2012, and circular no. 2/2012 dated February 21, 2012.

The Equity shares as would be equivalent to up to 5% of the size of the Offer may be offered to eligible and willing employees of the Company subject to approval from the competent authorities in accordance with applicable laws. The employees will be eligible to apply for Equity Shares up to INR 2,00,000. Provided that in the event of under-subscription in the employee portion, the unsubscribed portion may be allotted on a proportionate basis, for a value in excess of INR 2,00,000, subject to the total allotment to an employee not exceeding INR 5,00,000

 The particulars of the above offer for sale are attached to this notice.

BSE shall be Designated Exchange for this Offer for Sale.

The floor price for the Offer shall be Rs. 45 (Rupees Forty Five Only) per Equity Share.

Market participants are further requested to note that the Exchange would disseminate the details of this Offer for Sale on BSE Website –


Atul Dhotre

Senior Manager

Listing Sales & Ops

July 26, 2021