As per the data available with the National Stock Exchange (NSE), as of 1345 hours, the total bids received by the HUDCO IPO stands at 4,12,87,92,600. The total bids received at cut off prices stands at 49,21,64,800. The data shows that the issue got subscribed by 2023% or 20.23 times.
The qualified institutional buyers reported subscription of 845%, Non-institutional investors reported subscription of 4255%, Retail investors reported subscription of 304% and Employees of the company reported subscription of 12% on the third day of subscription as of 1350 hours.
The IPO is following the book-building process wherein the price band is pegged at Rs 56 to Rs 60 per equity share.
The government intends to sell 20,40,58,747 shares to raise Rs 1224 Cr of funds from the capital markets. The investors need to apply for the minimum of one market lot which consists of 200 shares.
As per data available with the National Stock Exchange (NSE), the 10,00,95,000 shares (49%) are offered to qualified institutional buyers, 3,00,28,500 shares (15%) are offered to non-institutional buyers, 7,00,66,500 (34%) shares are offered to retail institutional investors and 38,68,747 shares (2%) to the employees of the company.
