Housing and Urban Development Corporation (Hudco) is all set to launch its initial public offering (IPO) on May 8. The government 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 issue will raise around Rs 1,200 crore. The issue will close on May 11 and bids will not be accepted on May 10, 2017, being a public holiday.
IDBI Capital Markets, ICICI Securities, Nomura Financial and SBI Capital Markets are the investment banks handling the IPO.
| Company Name | CMP |
|---|---|
| LIC Housing Finance | 540.70 |
| Housing & Urban Dev. | 204.95 |
| Bajaj Housing Financ | 82.72 |
| Piramal Finance | 1982.15 |
| PNB Housing Finance | 971.10 |
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