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3 min read | Updated on October 19, 2024, 13:32 IST
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 stated that it expects that the listing of the shares will enhance its visibility and brand image.
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.
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.
Investors can also check the allotment status on BSE's official website.
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.
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