Hyundai IPO: How are investors responding to India’s biggest-ever issue?
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Oct 15, 2024 01:12 PM IST
Hyundai India’s IPO saw a solid start, with 10% subscribed in two hours. Retail bids stood at 17%, while non-institutional investors accounted for 7%.
Hyundai Motor India’s ₹27,870-crore initial public offering (IPO) witnessed a steady response on first day of subscription. Within two hours, the offer’s 10% got subscribed- the retail portion was booked 17% with bids for 84 lakh shares as against 4.94 crore shares on offer while the non-institutional investors bid for 15 lakh shares compared to 2.12 crore shares on offer, representing 7% bids. As per data, employees placed 46% bids with 3.58 lakh shares subscribed as against 7.78 lakh shares on offer and Qualified Institutional Buyers (QIBs) are yet to subscribe to the IPO.
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