<h1>HUDCO IPO Oversubscribed by 79x, Sets Record with 20 Lakh Applications and Rs. 97,000 Crore Bids.</h1> The HUDCO Initial Public Offering (IPO) was oversubscribed by more than 79 times, receiving bids worth Rs. 97,000 crores for an issue size of Rs. 1,200 crores. This marks the highest level of oversubscription in a government divestment via IPO. The offering attracted over 20 lakh applications, setting a record for the highest number of applications post-SEBI's ASBA mandate. The Qualified Institutional Buyers category was subscribed over 55 times, with significant interest from Foreign Institutional Investors. Non-institutional and retail categories were subscribed more than 330 and 10 times, respectively. The IPO was open from May 8 to May 11, with a price band of Rs. 56-60 per share.