vegassports-odds.com
vegassports-odds.com July 21, 2017


Housing and Urban Infra Finance IPO lists at 22% premium

20 May 2017, 11:41 | Melvin Schneider

Housing and Urban Infra Finance IPO lists at 22% premium

Housing and Urban Infra Finance IPO lists at 22% premium

It finally closed at Rs.72.50, up 20.83% from the issue price of Rs.60.

Shares of Housing & Urban Development Corporation (HUDCO) listed on the bourses on Friday, gaining more than 20% on the first day as investors lapped up shares of the government-owned entity. Post listing, the stock commands a market capitalisation of Rs 1,479.43 crore. Through the sale, the government aims to sell 10.19% stake in the company which is engaged in wholesale funding and providing loans for housing and urban infrastructure projects.

The initial public offering of state-owned Housing and Urban Development Corporation Ltd (Hudco) was covered nearly 80 times on the final day of the issue.

Sachin meets PM to discuss biopic
Aamir shared, "To watch Sachin get engrossed in a match that I'm playing, and cheer for me, and all of that is so unreal to me". It is now learned that the Master Blaster wants to dedicate ' Sachin A Billion Dreams' to his father and brother.

McCain: Throw Turkish ambassador 'the hell out' of US
The State Department also says that it summoned Turkish Ambassador Serdar Kilic to discuss the altercation. There is no excuse for this kind of thuggish behavior", McCain said on his Twitter account.

Gylfi Sigurdsson could return to Tottenham in shock £25million move
I think anyone who stays up has done a great job in this day and age, especially with the bottom-half teams. West Brom have had a hard season and I think Swansea will end on a massive high.

As of 11.22 am, Hudco shares traded 23 per cent higher at Rs 73.75.

After witnessing a bumper subscription, state-run HUDCO listed at 21.5 percent premium at Rs 73.55 on the exchanges. The extraordinary over-subscription is a testimony of faith reposed by investors in a company backed by quality leadership and management, strong business model and a great track record.

The Hudco flotation saw huge demand from investors and was subscribed 79.53 times. High-net-worth individuals bid for 992 crore shares of the 3 crore shares reserved for them, bidding 330.46 times. The company has set the initial public offering (IPO) price band between Rs 56- 60, which will fetch the government Rs 1224 crore. IDBI Capital, Nomura Financial Advisory and Securities, SBI Capital Markets and ICICI Securities are book running lead managers to the issue.



Other News

Trending Now

USA military conducts airstrike on pro-government forces in Syria
Coalition warplanes targeted a convoy of Syrian government forces and Iranian-backed militia close to the Iraq border on Thursday.

LeBron James Drills Full-Court Shot With Uncomfortable Ease
Now that the Cavs have taken Game 1 , no longer can you check off home-court advantage as a plus for the Celtics. Game 2 of the Eastern Conference Finals between the Cavaliers and Celtics is Friday night at 8:30 pm in Boston.

Ranked Murray loses to Coric in 3rd round of Madrid Open
David Goffin awaits the victor of the Nadal-Kyrgios clash as the Belgian beat world No. 6 Milos Raonic 6-4, 6-2 yesterday. Argentina's Pablo Cuevas also booked his place in the last four with a 3-6 6-0 6-4 win over Alexander Zverev of Germany.

Crude Prices Higher on US Stocks Draw
U.S. crude stockpiles posted their biggest weekly drawdown since December as imports dropped sharply, the U.S. As oil dropped below $50 last week, analysts expect producers will be forced to continue the cuts.