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PremiumHyundai IPO Day 2 Highlights: The second day of bidding for Hyundai Motor India Ltd's initial public offering (IPO) did not get a favourable reaction in the Indian stock market today. There was a lack of enthusiasm for the IPO, and it received a sluggish response.The bidding for Hyundai Motor India IPO commenced on Tuesday, October 15, 2024, and today is the second day of the IPO subscription period. The public issue will close on Thursday, October 17, 2024. Hyundai Motor India IPO price band has been set at ₹1,865 to ₹1,960 per share.
On the second day of subscription, the Hyundai Motor India IPO has achieved a 42% subscription, based on BSE data.
According to BSE, the initial share sale saw bids for 4,17,33,328 shares against the 9,97,69,810 shares offered.
The retail investors' portion saw a 38% subscription, while non-institutional investors' quota reached 26%. The portion allocated to qualified institutional buyers (QIBs) was subscribed 58%. Additionally, the employee portion was subscribed 1.30 times.
At the end of the first day of the bidding process, Hyundai Motor India IPO saw 18% subscription as it received bids for 1.77 crore equity shares as compared with 9.97 crore shares on the offer, according to NSE data. Stay tuned to our Hyundai Motor India IPO LIVE blog for the latest updates.
