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Hyundai IPO 2024 Live Updates: India’s largest-ever IPO, Hyundai Motor India, is set to make its highly anticipated market debut in just a few hours. Hyundai IPO’s grey market premium has dropped to 2%, with shares trading at a Rs 45-50 premium over the issue price of Rs 1,960. This marks a decline from the earlier 5% peak but a recovery from yesterday’s -3% dip, reflecting shifting investor sentiment ahead of today’s listing.
Hyundai Motor India’s IPO saw an overall subscription of over 2 times, driven primarily by strong demand from institutional investors. However, the retail and non-institutional categories were under-subscribed, with concerns over high pricing affecting participation.
The Qualified Institutional Buyer (QIB) portion was booked 6.97 times. The non-institutional investor (NII) subscription stood at 60%, while retail subscription reached 50%. The IPO, consisting of 14.2 crore shares, is a full offer for sale by Hyundai Motor Global.
Also Read Hyundai IPO GMP Allotment status Highlights: Latest information on GMP, allotment, listing, and price band Hyundai India IPO subscribed 42 per cent on Day 2 Hyundai IPO 2024 Highlights: Hyundai Motor India IPO GMP falls to less than 1%, issue subscribed 42% on Day-2 Hyundai Motors India IPO opens on October 15: Price band, issue price, GMP, IPO allotment, Listing Date Live Updates 07:19 (IST) 22 Oct 2024 Hyundai IPO Listing 2024 Live Updates: Hyundai Motor India to make D-street debut today
India’s largest-ever IPO, Hyundai Motor India, is set to make its highly anticipated market debut in just a few hours. With an impressive subscription rate of 237% last week, all eyes are on how this monumental public issue will perform. The Rs 27,870 crore IPO will be listed on both the BSE and the NSE at 10:00 AM.
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