HUDCO IPO: Should you invest?

The initial public offer (IPO) of Housing and Urban Development Corporation Ltd. (HUDCO) saw a good response on the opening day, with the issue getting subscribed 63%, or 0.63 times. According to reports, the QIB portion was subscribed 18%, while the NII portion saw subscription of 16%, retail 152% and the employee portion was subscribed 1%. IPO will of the 'Miniratna' that provides loans for housing and urban infrastructure projects, will close on May 11. HUDCO has fixed the price band of Rs 56-60 per equity share.  Future & Option Trading Tips