Hyundai IPO, India's biggest, gets $5.5 bln in bids despite subdued retail interest
A $3.3-billion initial public offering by Hyundai Motor India was fully subscribed on the final day of bidding on Thursday, with domestic banks and mutual funds buying into the country's first automaker to go public in two decades.
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Hyundai IPO Day 3 Live Update: Issue booked 2.37x so far, QIB portion fully subscribed; GMP falls on last bidding day
Hyundai Motor India intends to generate ₹27,870.16 crore through a book-built issue, which comprises a complete offer for sale of 14.22 crore shares from its South Korean parent, Hyundai Motor Company.
Investors placed bids for 236 million shares worth ₹46,320 crore in the issue, against the 99.8 million shares worth ₹19,555 crore (excluding anchor allotment) offered by Hyundai Motor India's South ...
Hyundai Motor India is set to price its shares at 1,960 rupees to raise $3.3 billion in its initial public offering, ...
Another user added, "Hyundai's promoters launch India's largest IPO ($3B) via 100% offer-for-sale, diluting stake without ...
Hyundai, India’s second-largest carmaker (behind Maruti Suzuki) with a 15 percent market share, plans to use the IPO proceeds ...
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