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.
 

Comments

 

Other News

Imperative omissions in the Constitution

The making of the Indian Constitution and its subsequent adoption on January 26, 1950 required the founding members to go through several pieces of the legal document that the country already had during the British rule, let alone the Constitution of other countries. Until 1857, these laws, although applie

R-Day parade to showcase India’s military might, cultural diversity

President Ram Nath Kovind will lead the Nation in celebrating the 73rd Republic Day today as part of ‘Azadi ka Amrit Mahotsav’ across the country. The celebration will see a series of new events conceptualised by the defence ministry during the main parade on Rajpath along with

INS Khukri to be handed over to Diu administration today

As the nation celebrates its 73rd Republic Day, INS Khukri will be handed over to the Diu administration in a ceremonial event at the Khukri Memorial. INS Khukri, the lead ship of the Indian Navy’s Khukri class corvettes, is an indigenous surface-to-surface missile fitted vessel that h

The perils of metro roads – A Delhi/NCR context

The anxiety and chaos that we face on our city roads are endemic, dangerous, and deadly. It emerges from a combination of too many vehicles, road conditions, ineffective traffic controls, poor planning and lack of innovative corrections, loose enforcement, and lacking traffic discipline in the commuters, t

‘Classified’, a scintillating expose of the ISRO spy story

Classified: Hidden Truths in the ISRO Spy Story By J. Rajasekharan Nair Srishti Publishers, 280 pages, Rs 350 The Indian Space Research Organisation (ISRO) was rocked by a spy case in 1994, taking down in its wake six persons, including S. Nambi Narayanan. The

If Rahul is in race to prove himself a better Hindu, our efforts have paid off: Ram Madhav

Ram Madhav, a member of the RSS National Executive, has said that Congress leader Rahul Gandhi proudly proclaiming to be a better Hindu is a welcome step and the opposition’s newfound claim that their Hinduism is superior to the Hinduism of RSS is the new competition in India.   &nbs

Visionary Talk: Ram Madhav, Member Rashtriya Swayamsewak Sangh with Kailashnath Adhikari


Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter