The Hyundai Motor India Limited IPO has concluded successfully on its final day with a total subscription of 2.37 times. Here’s a breakdown of the final subscription figures across different investor categories:
- Qualified Institutional Buyers (QIBs): Oversubscribed 6.97 times, with 19.72 crore shares bid for against 2.82 crore shares reserved.
- Non-Institutional Investors (NIIs): Subscribed 0.60 times, with 1.27 crore shares bid for against 2.12 crore shares reserved.
- Investors bidding for more than ₹10 lakh: Subscribed 0.58 times.
- Investors bidding for between ₹2 lakh and ₹10 lakh: Subscribed 0.65 times.
- Retail Individual Investors (RIIs): Subscribed 0.50 times, with 2.49 crore shares bid for against 4.94 crore shares reserved.
- Employee Reserved: Oversubscribed 1.74 times, with 13.56 lakh shares bid for against 7.78 lakh shares reserved.
Key Details of the Hyundai Motor IPO:
- Issue Size: ₹27,870.16 crores through a book-built issue, entirely an offer for sale of 14.22 crore shares.
- IPO Dates: The IPO opened for subscription on October 15, 2024, and closed on October 17, 2024.
- IPO Price Band: ₹1865 to ₹1960 per share.
- Allotment Date: The allotment is expected to be finalized on Friday, October 18, 2024.
- Listing Date: Hyundai Motor IPO is tentatively scheduled to list on Tuesday, October 22, 2024, on both the BSE and NSE.
- Lot Sizes:
- Retail Investors: Minimum lot size is 7 shares, requiring a minimum investment of ₹13,720.
- sNII (Small Non-Institutional Investors): Minimum lot size is 15 lots (105 shares), amounting to ₹205,800.
- bNII (Big Non-Institutional Investors): Minimum lot size is 73 lots (511 shares), amounting to ₹1,001,560.
- Employee Reservation: Up to 778,400 shares were reserved for employees at a discount of ₹186 to the issue price.
This IPO has seen strong demand from institutional investors, with a robust oversubscription in the QIB and employee categories, marking a successful closure.
