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The debut public offer by State-run Housing and Urban Development Corporation will go live on May 8 in a price band of ₹56-60 for each equity share of face value ₹10. Hudco’s offer, which is an offer-for-sale by the government consisting of over 20.4 crore shares (10.19 per cent stake), will be able to garner about ₹1,224 crore at the upper end of the price band.
The offer closes on May 11 (May 10 is a public holiday, so no bids will be accepted). Bids can be made in multiples of 200 shares.
A discount of ₹2 on the final offer price will be given to retail investors and for eligible employees bidding for shares of Hudco.
Hudco is a wholly-owned government company providing loans for housing and urban infrastructure projects. It has been conferred the status of Miniratna (Category-I Public Sector Enterprise) by the Government of India.
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