HUDCO listing : Enters BSE At Rs 73.45 Per Share At A Premium Of 22.41%


HUDCO got a grand listing on the bourses. HUDCO listed on BSE at Rs 73.45 per share at a premium of 22.41%. The stock surged soon after its entry into the markets. The stock, as of 1002 hours on BSE, is trading at Rs 76.25 per share, up from Rs 16.25 per share or 27.08% as against its issue price of Rs 60 per share. However, the stock is trading up at Rs 2.8 per share or 4.63% as against its opening price of Rs 73.45 per share.

HUDCO pre-open indicative price stood at Rs 73.45 per share as against issue price of Rs 60 per share. The IPO had received the huge response from the investors. In line with the street expectations, the HUDCO IPO had received more subscriptions on Day 3 of the subscription. The IPO had issue size of 20,40,58,747 shares.

As per the data available with the National Stock Exchange (NSE), as of 1630 hours on the last day of subscription, the total bids received by the HUDCO IPO stood at 16,18,41,28,400. The total bids received at cut off prices stood at 59,12,82,200. The data showed that the issue got subscribed by 79.31 times.

The qualified institutional buyers reported subscription of 35.27 times, Non-institutional investors reported subscription of 157.89 times, Retail investors reported subscription of 3.54 times and Employees of the company reported subscription of 0.16 times on the third day of subscription as of 1650 hours.

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