Hyundai IPO subscribed 18% on  day 1; retail portion booked 26%; check full subscription status, GMP, other details | Stock Market News

Hyundai IPO subscribed 18% on day 1; retail portion booked 26%; check full subscription status, GMP, other details | Stock Market News

Source: Live Mint India’s second-largest OEM Hyundai Motors initial public offering (IPO), which opened for subscription on October 15, was subscribed only 18 per cent or 0.18 times on the first day of bidding. The issue received bids for over 1.77 crore shares, compared to the 9,97,69,810 shares available for subscription. Retail investors took the…

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Hyundai IPO: India’s second-largest OEM garners  ₹8,315 crore from anchor investors ahead of public issue | Stock Market News

Hyundai IPO: India’s second-largest OEM garners ₹8,315 crore from anchor investors ahead of public issue | Stock Market News

Source: Live Mint Hyundai Motor India (HMIL), on Monday, raised ₹8,315 crore from anchor investors on Monday, paving the way for the largest-ever initial public offering (IPO) in the country. The Indian subsidiary of South Korean automaker Hyundai Motor Company (HMC) allocated 42.4 million shares to 225 funds at ₹1,960 per share, the upper limit…

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Can Hyundai’s IPO succeed in a slow auto market?

Can Hyundai’s IPO succeed in a slow auto market?

Source: Live Mint While the passenger vehicle market is currently facing headwinds, is Hyundai’s IPO a strategic gamble? With the beginning of the festivities, could the timing signal the beginning of a new growth chapter for the company, capitalizing on increased consumer sentiment and potential market rebound? As HMI prepares to gauge investor sentiment, a…

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