Governance Now Masterminds

HUDCO IPO over-subscribed by more than 79 times

HUDCO IPO is the first IPO by a central PSU under disinvestment since April, 2012

GN Bureau | May 13, 2017


#HUDCO   #PSU   #Miniratna  

The initial public offering (IPO) of HUDCO, a Miniratna enterprise, witnessed an exceptional level of interest and the issue was oversubscribed by more than 79 times.

This is the highest level of oversubscription witnessed in a divestment by the centre through IPO route, according to an official statement. The HUDCO IPO is the first IPO by a central public sector enterprise (CPSE) under disinvestment since April, 2012.

The IPO received more than 20 lakh applications, which is the highest number of applications received in an IPO post security and exchange board of India (SEBI) making mandatory use of applications supported by blocked amount (ASBA) mode for all categories of investors.
 

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