Tuesday, May 09, 2017

HUDCO IPO Fully Subscribed; Retailers More Interested

HUDCO IPO gone passed the subscription numbers as they got superb response from retailers and QIB categories. The things are looking more promising for all as the retail/employee discount of Rs.2 and the grey market premium is also getting momentum.

HUDCO subscribed 3 times overall with over 4 times in retail. It seems that retail investors are looking around 40-50% listing gain. Still 2 days are remaining in the IPO and the subscription numbers might increase in all the categories.

Read Also: HUDCO Final Subscription Numbers

Estimated Numbers: As the 2 days numbers are looking more attractive and still 2 days remaining we can expect good numbers of subscription on the cards. As we see QIB subscription will be over 50 times while NII will pass 100 times or more. Retail subscription numbers will be around 13-15 times. Employee will be around 1-2 times.

Let's see how HUDCO IPO will perform in term of subscription numbers. We are very much positive about this IPO and retailers should be. Fingers crossed for the listing.

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