Subscription Numbers:
First two days of the Hudco IPO subscription was not that good but it was picked up on the last day and the numbers tell the full story. The bids were 80 times in all the categories. For 20.4 crore shared they got 1623 crore bids. QIB was subscribed 55.45 times while NII was 330.36 times. A best for the IPO. Retailers subscribed 10.79 times which is good numbers as well.
HUDCO Allotment – Basis of Allotment:
One can expect a allotment ratio of 91:483. As per the application numbers Retail category subscribed around 5.70 times. So, as per the calculations we can expect 11:2 ratio but its all upon the calculations the registrar will make. HUDCO Allotment date is 17th May 2017 but one can wait till 18th May 2017 as well.
Expected Listing:
As per the market speculations and the grey market updates it might list above Rs.80. This is the average price as per the current trend in grey market. It might list in range of 75-85 and will move on. Market conditions is good for the IPO and HUDCO already performed well interm of the subscription numbers