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Hudco IPO opens today: Here are the numbers, valuation, financial details

An overall momentum in favour of affordable housing positions the IPO attractively

Hamsini Karthik  |  Mumbai 

The initial public offering (IPO) of Hudco, formerly known as Housing and Urban Development Corporation, comes at an interesting time, given the government’s interest in housing, especially affordable housing. Nonetheless, the company’s fundamental prospects are equally worthy of mention, including initiatives by Hudco’s management in the past three years to ensure that there is a clear focus in its lending strategy, which in turn will ensure that previous problems of non-performing assets (NPA) do not recur. Overall, while there are a few worms in its financials, ...

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First Published: Mon, May 08 2017. 08:53 IST
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