IPO update : Hudco issue opens on May 8
DSIJ Intelligence / 27 Apr 2017
The Offer is scheduled to open on Monday, May 08, 2017; and close on Thursday, May 11, 2017, with a price band of Rs 56 – Rs 60 per equity share.
Housing and Urban Development Corporation Limited, a Miniratna company of the Government of India will be coming up with an IPO by offering 204,058,747 equity shares.
The Offer is scheduled to open on Monday, May 08, 2017; and close on Thursday, May 11, 2017, with a price band of Rs 56 – Rs 60 per equity share.
A discount of Rs 2 on the offer price will be offered to retail individual bidders, bidding in the retail portion (“Retail Discount”) and to eligible employees bidding in the employee reservation portion (“Employee Discount”), respectively.
The initial offer, comprises a net offer to the public of 200,190,000 equity shares and an Employee Reservation Portion of up to 3,868,747 equity shares. The Offer and the Net Offer shall constitute 10.19% and 10%, respectively, of the post-offer paid-up equity share capital of the Company.
Housing and Urban Development Corporation Limited (HUDCO) is a wholly-owned government company with more than 46 years of experience in providing loans for housing and urban infrastructure projects in India.
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