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PremiumHyundai IPO Highlights: The Hyundai Motor India IPO closed for subscription on Thursday, October 17, after barely sailing through the three-day window dragged by tepid response from retail investors. India's biggest initial public offering (IPO) was subscribed 2.37 times on the third and last day of issue as qualified institutional buyers (QIBs) saved the show before the curtains closed. Seen as a royal snub by retail investors, the Hyundai Motor India IPO opened for subscription on Tuesday, October 15.
According to BSE data, the Hyundai Motor India IPO received bids for 23.63 crore equity shares as against 9.97 crore shares on offer. Retail investors subscribed to 50% of the portion, while non-institutional investors (NIIs) portion category was booked 60%. The QIB portion saw a subscription of 6.97 times. The employee portion was subscribed 1.74 times.
