HUDCO IPO, that hit the market on Monday and will be open for three days through May 11, was a hit among the investors' community with the subscription of as much as 63 percent of the Rs 1,200 crore issue on the first day itself. On the other hand, the retail portion of HUDCO IPO got an overwhelming response with 152 per cent subscription on day one. Analysts say the strong response from retail investors' category is due to the Rs. 2 discount given to this category.
Through the HUDCO IPO, the government is divesting 10 percent of its holdings in the public sector company. The IPO is priced at Rs. 56 and Rs. 60, and can be applied in lot sizes of 200 shares.
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HUDCO IPO a hit among investors on first day itself
By IndianMandarins - 2017-05-08 19:25:15
HUDCO IPO, that hit the market on Monday and will be open for three days through May 11, was a hit among the investors' community with the subscription of as much as 63 percent of the Rs 1,200 crore issue on the first day itself. On the other hand, the retail portion of HUDCO IPO got an overwhelming response with 152 per cent subscription on day one. Analysts say the strong response from retail investors' category is due to the Rs. 2 discount given to this category.
Through the HUDCO IPO, the government is divesting 10 percent of its holdings in the public sector company. The IPO is priced at Rs. 56 and Rs. 60, and can be applied in lot sizes of 200 shares.
