Hyundai Motor India IPO Day 2 Live Update at 03:44 PM: The carmaker’s massive IPO has been subscribed 37% so far. Retail investors have subscribed 0.37 times, non-institutional investors (NIIs) 0.22 times, and qualified institutional buyers (QIBs) 0.45 times.
Hyundai Motor India IPO Day 2 Live Update at 03:09 PM: The ₹27,870.1 crore Hyundai IPO consists of an offer-for-sale (OFS) of 142,194,700 shares by parent company Hyundai Motor Company. Notably, there is no fresh issue of shares in this offering.
Hyundai Motor India IPO Day 2 Live Update at 02:26 PM: Popular Cars and Price Band
Hyundai’s lineup of popular cars, including the Creta, Verna, Venue, and the electric IONIQ 5, continues to draw attention. The price range for the IPO is set between ₹1,865 and ₹1,960 per share. Investors are closely watching for further developments.
Hyundai Motor India IPO Day 2 Live Update at 01:53 PM: Midday Subscription Status
As of 01:53 PM, the IPO’s subscription status is as follows:
- QIBs: 0.09 times subscription
- Non-institutional investors: 0.20 times subscription
- RIIs: 0.35 times subscription
The total subscription currently stands at 0.25 times, with momentum building as the day progresses.
Also Read : Hyundai Motor India IPO Review
Hyundai Motor India IPO Day 2 Live Update at 01:14 PM: Public Bids Overview
At 01:14 PM, bids have been placed for 2,45,84,441 equity shares against the 9,97,69,810 shares on offer, bringing total subscription to 25%. Breakdown:
- Retail investors: 34%
- Non-institutional investors: 19%
- QIBs:
Hyundai Motor India IPO Day 2 Live Update at 12:27 PM: Board of Directors
- Unsoo Kim, Managing Director
- Tarun Garg, Whole Time Director
- Gopalakrishnan C S, Whole Time Director
- Wangdo Hur, Whole Time Director
- Shalini Puchalapalli, Independent Director
- Ajay Tyagi, Independent Director
- Sree Kirat Patel, Independent Director
- John Martin Thompson, Independent Director
Hyundai Motor India IPO Day 2 Live Update at 11:31 AM: Subscription Status
As of 11:31 AM, the total subscription stands at 22%:
- QIBs: 0.05 times
- Non-institutional Investors: 0.17 times
- RIIs: 0.33 times
Retail investors are showing the highest level of participation so far.
Hyundai Motor India IPO Day 2 Live Update at 10:41 AM: Hyundai Motor India’s IPO has garnered bids for 2,09,55,739 equity shares against the total 9,97,69,810 shares available, reaching a subscription rate of 21%. The retail portion was subscribed 31%, while the quota for non-institutional investors (NIIs) saw a 16% subscription rate. Qualified institutional buyers (QIBs) subscribed at 5% so far.
Hyundai Motor India IPO Day 2 Live Update at 9:43 AM: The company has stated that the listing of the shares is expected to enhance visibility, brand image, and provide liquidity along with a public market for the shares.
Hyundai Motor India IPO Day 2 Live Update at 9:26 AM: Details on the second day of subscription will be available on the NSE website at 10 AM.
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Hyundai Motor India IPO Day 2 LIVE: Bidding has now shifted focus to the second day of the Hyundai Motor India IPO. On Day 1, the carmaker’s IPO saw an 18% subscription. The initial share sale, worth ₹27,870.1 crore, received bids for 1,77,89,457 shares out of the 9,97,69,810 available, based on NSE’s consolidated bidding data.
Hyundai Motor India IPO Day 1 Breakdown: The portion reserved for retail investors was subscribed 26%, non-institutional investors attracted 13%, and QIBs were at 5% subscription. Hyundai had earlier mobilised ₹8,315 crore through anchor investors prior to the IPO. The price range for the IPO is set at ₹1,865-₹1,960 per share, with the subscription period concluding on October 17.
Hyundai Motor India IPO Allotment and Listing Dates:
– Bidding Period: October 15 to October 17
– Allotment Finalisation: October 18
– Refund Initiation: October 21
– Demat Transfer: October 21
– Listing Date: October 22
Kotak Mahindra Capital Company Ltd, HSBC Securities and Capital Markets (India) Private Ltd, JP Morgan India Private Ltd, Morgan Stanley India Company Private Ltd, and Citigroup Global Markets India Private Ltd are the book-running lead managers for the offer.
