The NDA Government plans to raise up to Rs. 1,224 crore by selling equity shares in the Hudco's initial public offer (IPO) that will hit the capital market on Monday May 08,2017
State-owned Housing and Urban Development Corporation (Hudco), a ‘Miniratna’ firm which provides loans for housing and urban infrastructure projects, will launch the IPO on May 8 where the government is offering 204,058,747 shares for sale.
Hudco has fixed the price band at Rs. 56-60 per equity share.
The issue will close on May 11,2017