Live Markets »News & Advice»IPO News»IPO News Details
IPO News Details
Back

HUDCO IPO oversubscribed 42 times on last day

Press Trust of India/New Delhi 11 May 17 | 03:46 PM

The initial public offer of a state -owned Housing and Urban Development Corporation (HUDCO), which has seen a robust investor demand, was oversubscribed 42 times by the late afternoon trade on the last day of issue on Thursday. 


The IPO received bids for over 865 crore shares against the total issue size of 20.4 crore shares, data available with the NSE till 2.30 pm showed.

Related Stories

    No Related Stories Found
Widgets Magazine


HUDCO, a 'Miniratna' firm which provides loans for housing and urban infrastructure projects, will close the IPO on Thursday where the government is offering 2,04,058,747 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 BSE as well as 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 the housing sector.

Comments

    06 Jun 17 at 06:11 PM
By: Snapchat Login

And the guide is here to download Snapchat Online Login Snapchat Login

    01 Jun 17 at 09:00 PM
By: Mobdro

And this is the best thing which I like here is Mobdro App Mobdro

    01 Jun 17 at 02:36 PM
By: sachinkrc

holiday hours

    24 May 17 at 12:46 AM
By: David Cyryl

The exposition must contain critical inclusion to the field and appropriate material ought to be utilized and said accurately. The main answer for paper is the exploration. A hopeful must have the capacity to assemble terrifically essential information and take in the structures of exposition. Dissertation Writing Service

    16 May 17 at 10:04 AM
By: samdisooja

Everybody can get help by read this. June 2017 Printable Calendar



Widgets Magazine

Sensex

Company Price Gain (%)
Power Grid Corpn205.301.84
Sun Pharma.Inds.543.950.97
Wipro256.850.86
ICICI Bank291.500.71
Dr Reddy's Labs2,642.500.50

Poll

What do you think the impact of GST on the cost of living will be?



Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine