Hyundai Motor India IPO fully subscribed: 5 things to know on the last day of subscription

The ₹27,870 crore IPO of Hyundai Motor India Ltd, the Indian unit of South Korean carmaker Hyundai, received an overwhelming response from qualified institutional investors (QIBs) on Thursday, October 17, the final day of subscription. As the initial share sale ends today, here are five things investors should know.

Hyundai Motor India IPO: Subscription status

India's biggest-ever IPO received 2.23 times subscription until 2:53 pm on Thursday. The bidding was led by QIBs, who subscribed 6.62 times the allotted quota. The non-institutional investors category was booked 51%.

The retail investors' portion has not yet been fully subscribed. It has only been booked 47%.

Hyundai Motor India IPO: Allotment date

After the subscription ends, Hyundai Motor India IPO allotment status will likely be finalised on Friday, October 18.

Hyundai Motor India IPO: Listing date

Hyundai Motor India IPO: Financials

The auto giant posted a profit after tax (PAT) of ₹6,060 crore for the year ended March 31, 2021, up 28.7% year-on-year. The revenue surged 15.8% YoY to ₹69,829 crore.

In the first quarter of the financial year 2024-25 (FY25), the company's revenue increased 4.3% YoY to ₹17,344.2 crore. The net profit stood at ₹1,489.6 crore, up 12.1% YoY.

Hyundai Motor India IPO: Objective

The public offer is completely an offer-for-sale or OFS of 14.21 crore shares by Hyundai Motor Company. The company is not offering fresh shares.

Since the IPO is only an OFS, Hyundai Motor India Ltd will not get any proceeds from the sale.