Hyundai Motor India IPO: GMP, Allotment, Listing; All You Need To Know
Initial Public Offering (IPO) of Hyundai Motor India received a decent response from investors. It was subscribed by 237% by the final closing day
Hyundai Motor India IPO: GMP, Allotment, Listing; All You Need To Know
The Initial Public Offering (IPO) of Hyundai Motor India received a decent response from investors during the three-day bidding process. Overall, the IPO was subscribed by 237% by the final closing day.
Price band, lot size & bids
The price band was available between ₹1865 - ₹1960 with a lot size of 7 shares. The IPO received bids for 23,63,27,903 shares against 9,97,69,810 shares. It was subscribed by 2.37 times following the completion of the last day of subscription, which ended on Thursday.
What’s the subscription status?
Qualified Institutional Buyers (QIBs) placed the most bids for Hyundai Motor India IPO by subscribing it by 6.97 times. Non-Institutional Investors (NIIs) and Retail Investors (RE) subscribed by 60% and 50%. The shares reserved for the employees have also been fully subscribed at 1.74 times.
What’s the GMP of Hyundai Motor India IPO today?
The Grey Market Premium (GMP) of the South Korean giant is on a declining trajectory. Shares are trading at a discount of ₹30 against the upper end of the IPO price of ₹1,960.
What is the allotment status?
Shares of the IPO are expected to be allotted among the investors today. Following the finalisation of IPO allotment, investors can check the status by surfing through the official websites of BSE, NSE, or KFin Technologies, which happens to be the registrar for the issue.
What’s the listing price of Hyundai Motor India?
Hyundai Motor India is set to go public on Tuesday, October 22, 2024. As per the current trends seen in the grey market, the shares are set to open on a poor note. Shares are expected to list at around ₹1,930, a discount of 2% from the issue price.
