State owned Housing and urban development corporation ( HUDCO ) is a Miniratna firm which provides loans for housing and urban infrastructure projects, HUDCO launched the IPO on May 8 where the govt is offering 204,058,747 shares for sale.
The Govt plan to raise Rs 1224 cr by selling in the HUDCO IPO, that will hit the capital market on Monday.
HUDCO has fixed the Price band Rs 56 to 60 per equity share. Issue will close on May 11.
Hudco Issue Details
- Issue Open : May 8 To May 11 2017
- Issue Price : Rs 56 to 60
- Lot Size : 200 qty
- Face Value : Rs 10
- Exchange : NSE & BSE
Chairman and MD Mr. M Ravi kanth said the Govt will dilute 10.19% of holding through this IPO.
Central govt has set an ambitious target of raising Rs 72500 Cr from disinvestment in the current financial year (2017 – 18 ).