HUDCO makes strong debut; lists 22% premium to issue price
The stock listed at Rs 73.45 on BSE and at Rs 73 on NSE, a 22% premium against IPO price of Rs 60. Shares Housing and Urban Development Corporation (HUDCO) has listed at Rs 73.45, a 22% premium against its initial public offer (IPO) price of Rs 60 on the BSE. On the National Stock Exchange (NSE), the stock opened at Rs 73. The discount of Rs 2 per share to the issue price of Rs 60 was offered to retail and eligible employees. At 10:06, the stock was trading at Rs 76.65, after hitting high of Rs 77.80 on BSE post its listing. On the NSE, it high of Rs 77.85 in intra-day trade so far. A combined 84.01 million shares changed hands on the counter on BSE and NSE so far. The IPO of HUDCO saw huge demand from investors and was subscribed nearly 80 times. The portion reserved for qualified institutional buyers (QIBs) was subscribed 55.45 times, non-institutional investors saw a subscription of 330.36 times and retail investor's category was subscribed about 11 times. ...