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  1. Hyundai Motor India IPO allotment finalised: How to check status online on NSE, KFin Technologies

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Hyundai Motor India IPO allotment finalised: How to check status online on NSE, KFin Technologies

Upstox

3 min read | Updated on October 19, 2024, 13:32 IST

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SUMMARY

Hyundai Motor India IPO allotment status finalised: As the subscription period has ended, investors will be keen to check the Hyundai Motor India IPO allotment status, which has been finalised. The status can be checked online on the official websites of the NSE, the BSE, and the registrar KFin Technologies.

Hyundai Motor India IPO allotment: How to check status online on KFin Technologies, NSE

Hyundai Motor India IPO stated that it expects that the listing of the shares will enhance its visibility and brand image.

Hyundai Motor India IPO allotment status finalised: The mega initial public offering of Hyundai Motor India Ltd received a total subscription of 2.37 times during the three-day bidding period from October 15 to October 17, supported by institutional buyers.

The ₹27,870 crore offer received bids for 23,63,27,903 shares against 9,97,69,810 shares on offer, according to the consolidated bidding data on the National Stock Exchange (NSE) website.

The demand was led by Qualified Institutional Buyers or QIBs, who subscribed 6.97 times the quota reserved for them. The part set aside for non-institutional investors (NIIs) attracted 60% subscription, while the retail individual investors portion was subscribed 50%.

Prior to the initial share sale, the company had raised ₹8,315 crore from anchor investors.

The price band for the IPO was fixed at ₹1,865 to ₹1,960 per share. The offer was entirely an offer-for-sale of 14.21 crore equity shares by promoter Hyundai Motor Company (HMC), with no fresh issue component.

As the subscription period has ended, investors will be keen to check the Hyundai Motor India IPO allotment status, which has been finalised. The status can be checked on the official portals of the NSE, the BSE, and the registrar KFin Technologies.

Hyundai Motor India IPO allotment: How to check status on NSE

Investors can also check the allotment status on BSE's official website.

Hyundai Motor India IPO allotment: Steps to check the status on KFin Technologies

  • Visit KFin Technologies' IPO allotment status page - https://ris.kfintech.com/ipostatus/
  • Select any one link to check IPO allotment status
  • From the drop-down menu, select Hyundai Motor India IPO
  • Fill in your application number, DP/Client ID, PAN, or Account number/IFSC
  • Submit to check the allotment status

Hyundai Motor India IPO: Share listing date

Successful investors will receive shares in their Demat account on October 21, and refunds will be initiated for unsuccessful investors on the same day. Hyundai Motor India IPO share listing date on the NSE and the BSE is October 22.

To learn more about IPO listings, schedules, and upcoming IPOs, visit our page.

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Upstox
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