HUDCO Initial Public Offering (IPO) over-subscribed by more than 79 times; Bids worth Rs. 97000 crores received for issue size of Rs. 1200 crores
The HUDCO Initial Public Offering (IPO) saw an exceptional level of interest and the Issue as a whole was oversubscribed by more than 79 times. Bids worth Rs. 97,000 crores were received for an issue size of Rs. 1,200 crores. This is the highest level of oversubscription witnessed in a divestment by Government of India through IPO route.