 "Dr. Ravi Kanth Medithi, CMD, Hudco and Rakesh Kumar Arora, director finance, Hudco")
Housing and Urban Development Corporation (Hudco's) initial public offering (IPO) will hit the markets on May 8. The centre will dilute 10.13 per cent (204 million shares) stake in the housing and urban infrastructure financer in the IPO as a part of its 2017-18 disinvestment programme. The price band for the IPO has been set at Rs 56-Rs 60 per share. Retail investors and employees are being offered a discount of Rs 2 per share on the issue price.
At the top end of the price band, the centre will raise around Rs 1,200 crore. The issue will close on May
