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HUDCO makes strong debut; ends 21% 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.

Deepak Korgaonkar  |  Mumbai 

Shares of Housing and Urban Development Corporation (HUDCO) 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 stock settled at Rs 72.50, a 21% premium to its issue price, and 1.3% lower against its opening price. In intraday trade, the stock rallied as much as 30% to Rs 77.80 against its IPO price.  The discount of Rs 2 per share to the issue price of Rs 60 was offered to retail and eligible employees. The IPO of HUDCO saw huge demand from investors ...

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First Published: Fri, May 19 2017. 16:03 IST
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