Hudco IPO opens today: Valuations seen as a plus, bad loans still a concern3 min read . Updated: 08 May 2017, 06:37 AM IST
The Hudco IPO that opens today will see the government sell 10.19% stake in the firm and raise up to Rs1,200 crore at a price band of Rs56-60 per share
Mumbai: Ahead of the opening of the initial public offering (IPO) of Housing and Urban Development Corp. Ltd (Hudco) on Monday, analysts were mostly upbeat about the company’s valuations, even as concerns on bad loans remain. The government aims to sell a 10.19% stake in Hudco to raise up to Rs1,200 crore, with a price band of Rs56-60 per equity share. The issue will open on 8 May and close on 11 May. Hudco is engaged in wholesale funding, providing loans for housing and urban infrastructure projects. A major chunk of loans is offered to states and their agencies.
Select your Category