Published on 10/05/2017 8:57:10 AM | Source: Dion Global Solutions Ltd

HUDCO IPO oversubscribed 3 times on Day 2

Posted in Top Stories| #IPO #NBFC #NSE #Hudco

The initial public offer of state-owned HUDCO was oversubscribed 3 times on the second day of offer, reported PTI. The IPO received bids for 61,39,95,600 shares against the total issue size of 20,40,58,747 shares, data available with the NSE showed.

The portion set aside for qualified institutional buyers (QIBs) was oversubscribed 2.96 times and non institutional investors 94 per cent. Retail investors segment was oversubscribed 4.12 times.