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HUDCO to list shares on May 19

The price band for the offer, open from May 8-11, was set at Rs 56-60 a share

Press Trust of India  |  New Delhi 

Shares of state-run HUDCO, which recently concluded its Rs 1,224 crore initial public offer, will make stock market debut on May 19. The IPO of Housing and Urban Development Corporation (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. According to sources, the company will list its shares on the stock exchanges - BSE and NSE - on May ...

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First Published: Tue, May 16 2017. 00:19 IST
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