Hyundai IPO Subscription Status: Day 2 Sees 0.22X So Far

Hyundai Motor India launched its IPO for subscription on Tuesday, October 15, 2024, which will remain open until Thursday, October 17, 2024. The share allotment is expected to be finalised on Friday, October 18, 2024, with shares expected to be listed on both the NSE and the BSE on Tuesday, October 22, 2024.

This IPO is a complete offer-for-sale (OFS), involving the sale of 1,42,194,700 equity shares by its promoter, Hyundai Motor, with no fresh shares being issued. The price band for the IPO is set between ₹1,865 and ₹1,960 per share. Retail investors must purchase a minimum lot of 7 shares, translating to a minimum investment of ₹13,720.

The Hyundai Motor IPO offers a total of 14,14,16,300 shares, with allocations designated for various investor categories: 2,82,83,260 shares (20%) for Qualified Institutional Buyers (QIB), 2,12,12,445 shares (15%) for Non-Institutional Investors (NII), 4,94,95,705 shares (35%) for Retail Individual Investors (RII), 7,78,400 shares (0.55%) for employees, and 4,24,24,890 shares (30%) for Anchor investors.

Hyundai IPO Subscription Status

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

On Day 2, October 16, 2024, as of 11:05 AM, the Hyundai IPO was subscribed 0.22 times overall, with the retail category seeing a subscription of 0.32 times, QIB at 0.05 times, and NII at 0.17 times. 

As the Hyundai Motor stock listing nears, the Hyundai Motor Share Price will set the tone for early trading and potential long-term gains for investors

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.