Hyundai IPO gets 18% subscription on opening day

The initial public offering (IPO) of Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, received an 18 per cent subscription on the first day of bidding on Tuesday. The Rs 27,870 crore initial share sale received...

PTI

New Delhi, Updated At : 10:43 AM Oct 16, 2024 IST

The initial public offering (IPO) of Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, received an 18 per cent subscription on the first day of bidding on Tuesday.

The Rs 27,870 crore initial share sale received bids for 1,77,89,457 shares against 9,97,69,810 shares on offer, as per NSE data. The IPO received over nine lakh applications on the first day. Retail individual investors (RIIs) accounted for 26 per cent, while the non-institutional investors category fetched 13 per cent subscriptions.