/ HUDCO IPO Subscribed By 93% Likely To Achieve Full Subscription Today ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 9 May 2017


All eyes are now on the Housing and Urban Development Corporation (HUDCO) IPO. The IPO issue is likely to subscribe fully on its second day of subscription.  The IPO has issue size of 20,40,58,747 shares.

As per the data available with the National Stock Exchange (NSE), as of 1115 hours, the total bids received by the HUDCO IPO stands at 19,00,31,800. The total bids received at cut off prices stands at 13,35,00,000. The data shows that the issue got subscribed by 93%.

The qualified institutional buyers reported subscription of 8%, Non-institutional investors reported subscription of 11%, Retail investors reported subscription of 93% and Employees of the company reported subscription of 1% on the second of subscription as of 1120 hours.

The IPO is following the book-building process wherein the price band is pegged at Rs 56 to Rs 60 per equity share.

The government intends to sell 20,40,58,747 shares to raise Rs 1224 Cr of funds from the capital markets. The investors need to apply for the minimum of one market lot which consists of 200 shares.

As per data available with the National Stock Exchange (NSE), the 10,00,95,000 shares (49%) are offered to qualified institutional buyers, 3,00,28,500 shares (15%) are offered to non-institutional buyers, 7,00,66,500 (34%) shares are offered to retail institutional investors and 38,68,747 shares (2%) to the employees of the company.

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