Hyundai IPO Subscription Rate Reaches 0.46x on Day 3 As of 11:05 AM

The most-awaited Hyundai Motor India IPO opened for subscription on Tuesday, October 15, 2024, and will close today, October 17, 2024. Share allotment is expected to be finalised on Friday, October 18, 2024, with shares expected to be listed on both the NSE and BSE on Tuesday, October 22, 2024.

This IPO is a complete offer-for-sale (OFS), featuring the sale of 142,194,700 equity shares by its promoter, Hyundai Motor, with no new shares being issued. The price band for the IPO is set between ₹1,865 and ₹1,960 per share. Retail investors are required to purchase a minimum lot of 7 shares, which amounts to a minimum investment of ₹13,720.

The Hyundai Motor IPO comprises a total of 141,416,300 shares, with allocations allocated for various investor categories: 28,283,260 shares (20%) for Qualified Institutional Buyers (QIB), 21,212,445 shares (15%) for Non-Institutional Investors (NII), 49,495,705 shares (35%) for Retail Individual Investors (RII), 778,400 shares (0.55%) for employees, and 42,424,890 shares (30%) for Anchor investors.

Hyundai IPO Subscription Status

• On October 15, 2024, Day 1, Hyundai Motor IPO was subscribed 0.18 times overall, with the retail category seeing a subscription of 0.27 times, QIB at 0.05x, and NII at 0.13x. 

• On Day 2, October 16, 2024, Hyundai IPO was subscribed 0.42 times where the retail category was subscribed 0.38x, QIB at 0.58x, and NII at 0.26x. 
• On Day 3, October 17, 2024, as of 11:05 AM, Hyundai IPO was subscribed to 0.46x. QIBs subscribed 0.65x, NIIs subscribed 0.29x, and retail investors subscribed 0.41x. 

As the stock listing approaches, Hyundai Motor Share Price will be in focus, marking a new chapter for investors post-IPO.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.