Live Markets »IPO»IPO News»IPO News Details
IPO News Details
Back

HUDCO IPO subscribed 19% till afternoon on Day 1

Press Trust of India / New Delhi 08 May 17 | 03:39 PM

State-owned Housing and Urban Development Corporation's (HUDCO) initial public offer (IPO) to raise Rs 1,224 crore opened for bidding on Monday and was subscribed 19 per cent till afternoon.

The offer received bids for 38,688,800 shares as against the total issue size of 204,058,747 shares, data available with the NSE till 12:45 hours showed.

Widgets Magazine

HUDCO, a 'Miniratna' firm which provides loans for housing and urban infrastructure projects, will close the IPO on May 11 where the government is offering 204,058,747 shares for sale.

HUDCO has fixed the price band of Rs 56-60 per equity share.

The company has appointed IDBI Capital Markets, SBI Capital Markets, Nomura and ICICI Securities as the book running lead managers to the issue.

The shares of the company are proposed to be listed on the BSE and the NSE.

Out of total outstanding loan of Rs 36,385 crore as on December 31, 2016, HUDCO has financed 69 per cent to urban infrastructure projects and 31 per cent to housing sector.

Widgets Magazine
1 Reply

Comments

    22 May 17 at 12:13 PM
By: DinaHaines

I loved this information. This will help me to complete one of my essays for custom essay writing service. Thanks for helping me and i found this piece of information at the right moment.



Leave a reply


Name:  
Email: *  
Comment: *
(Max. 1000 characters)
 
Word Verification: *  
  Comment  

Sensex

Company Price Gain (%)
Maruti Suzuki6,880.302.70
M & M1,329.351.71
Wipro526.701.15
Tata Steel490.400.78
Hero Motocorp3,585.000.58
Widgets Magazine

Poll

If Baba Ramdev's Patanjali Ayurved were to come out with an IPO, would you subscribe?



Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine