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PremiumHyundai Motor IPO Live Updates: Today marked a significant milestone for the country with the launch of the Hyundai Motor India IPO. As a wholly-owned subsidiary of Hyundai Motor Company, Korea, the company has become a prominent automobile manufacturer in India since its establishment in 1996. Hyundai is renowned for its popular models such as the i20, Creta, and Venue.
Hyundai Motor India IPO saw an 18% subscription on the first day, according to BSE data. Retail investors subscribed to 26% of the portion, while non-institutional investors subscribed to 13%. Qualified institutional buyers (QIBs) accounted for 5% of the subscription, and the employee portion received an 80% subscription.
The Hyundai Motor India IPO offers an attractive opportunity for those interested in the automotive sector, given Hyundai's increasing market presence in the country. The bidding for the Hyundai Motor India IPO will commence from October 15, 2024, and will run until October 17, 2024.
The price band for the Hyundai Motor India IPO has been set at ₹1,865 to ₹1,960, with a minimum investment of ₹13,055 for a lot of 7 shares. The projected issue size stands at ₹27,870.16 crore, making it one of the largest IPOs of the year. Hyundai Motor India Ltd secured ₹8,315.28 crore from 225 anchor investors at ₹1,960 per share on Monday, October 14, which includes 21 domestic mutual funds across a total of 83 schemes.
Stay tuned for latest subscription status, GMP, review, more.
