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Thursday, May 11, 2017

HUDCO IPO which closed for subscription today on May 11, 2017, has received an overwhelming response with the issue getting oversubscribed by 79.5 times the offering

The issue was bombarded with HNI subscription on the closing day of IPO with the category getting oversubscribed by a gigantic 330.36 times

Response from Retail category was also substantial with close to 10.79 times the portion reserved. QIB portion was subscribed 55.45 times

Housing and Urban Development Corporation Ltd (HUDCO) is a wholly-owned Government company with more than 46 years experience in providing loans for housing and urban infrastructure projects in India.

The equity shares were offered in a price band of Rs.56 to Rs.60 per equity share with a bid lot of 200 equity shares and in multiples thereof

HUDCO is a wholly-owned government company providing loans for housing and urban infrastructure projects in India. 

As on Dec 31, 2016, the total outstanding loans stood at Rs 36,386 crore with 30.9 per cent contribution from housing finance and 69.1 per cent from Urban Infrastructure Finance loans & project-linked bonds. The company focuses largely on loans to state governments and their agencies and plans to grow the housing finance portfolio, going ahead. 

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