Monday, April 10, 2017

HUDCO IPO might come in May 2017

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Housing and Urban Development Corporation is coming up with IPO as the market is very much positive about this IPO. HUDCO IPO size is around Rs.1000 crore and after listing of Avenue Suermarts - D-Mart and Shankara Buildpro IPO the primary market is in a mood to get good listing. Earlier HUDCO IPO to come in April but current speculations says it might come in May 2017. Still the things not cleared officially but surely people will wait for this IPO.

HUDCO IPO is in limelight as the analyst expected this ipo to priced around Rs.48-50. There is no official confirmation about the IPO price but still if the price of IPO remain the same investors will get the good chance to subscribe to this. HUDCO IPO grey market premium is on a higher side as per the expected price band and it will 60-70% return on listing as per the market speculations.

As per the market speculations this IPO will subscribe around 100 times and more with QIB and HNI will be 100 times while retail portion will get 10-15 times subscription. The things are very much positive and it might give good return as well.


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