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Hudco IPO gets bids worth Rs 97,000 crore

Updated At : 05:32 AM May 13, 2017 IST

New Delhi, May 12

The HUDCO public issue saw a bumper response with the issue oversubscribing by more than 79 times.

Bids worth Rs 97,000 crore were received for an issue size of Rs 1,200 crore. This is the highest level of oversubscription witnessed in a divestment by the government through IPO route.

The Qualified Institutional Buyers (QIB) category was subscribed more than 55 times. Non-institutional category was subscribed more than 330 times. — TNS

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Hudco IPO gets bids worth Rs 97,000 crore

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