Hyundai Motor India’s Initial Public Offering (IPO), the largest in India’s history, witnessed an 18% subscription on its first day. According to the latest data, the subscription figures show strong interest from retail individual investors and employees, with an overall significant participation across investor categories.
Key subscription highlights for Day 1:
- Qualified Institutional Buyers (QIBs): Subscribed 0.05 times
- Non-Institutional Investors (NIIs): Subscribed 0.13 times
- Retail Individual Investors (RIIs): Subscribed 0.26 times
- Employee Reserved Category: Subscribed 0.80 times
The IPO opened for public subscription on October 15, 2024, and will continue until October 17, 2024. Hyundai is offering shares in the price band of ₹1,865 to ₹1,960 per share with a minimum bid lot size of 7 shares.
With a total issue size of ₹27,856 crore, this IPO has garnered significant attention from retail and institutional investors alike, making it one of the most anticipated offerings of the year. The allotment will be finalized on October 18, 2024, with listing on the exchanges slated for October 22, 2024.
Hyundai Motor India, a leading player in the Indian automotive industry, has established itself as a key contributor to the market with its diverse range of vehicles and strong market presence.
