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Hyundai Motor India IPO Day 3 Highlights: Issue subscribed 2.37 times; check allotment, listing date and more
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6 min read | Updated on October 17, 2024, 17:11 IST
SUMMARY
Hyundai Motor India IPO, with a price range of ₹1,865-₹1,960 per share, is an offer for sale of 14,21,94,700 shares by parent Hyundai Motor Company without a fresh issue component.
The ₹27,870.1 crore Hyundai Motor India IPO is India's largest, exceeding Life Insurance Corporation of India's offer of ₹21,000 crore.
The ₹27,870 crore IPO received bids for 23,63,21,911 shares against 9,97,69,810 shares on offer, as per NSE data.
The portion for qualified institutional buyers was subscribed 6.97 times, while the non-institutional investors category fetched 60% subscription.
The retail investors' portion was not fully subscribed. It was only booked 50%.
| Category | Number of Times Subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | 6.97 |
| Non-institutional Investors | 0.60 |
| Retail Individual Investors (RIIs) | 0.50 |
| Total | 2.36 |
| Category | Number of Times Subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | 6.94 |
| Non-institutional Investors | 0.58 |
| Retail Individual Investors (RIIs) | 0.48 |
| Total | 2.34 |
The bidding was led by QIBs, who subscribed 6.76 times the allotted quota. NIIs portion was booked 52%.
The retail investors' portion has not yet been fully subscribed. It has only been booked 47%.
| Category | Number of Times Subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | 6.31 |
| Non-institutional Investors | 0.44 |
| Retail Individual Investors (RIIs) | 0.45 |
| Total | 2.12 |
The bidding was led by QIBs (4.78 times), NIIs (40%) and retail investors (44%).
It has received bids for 12,35,08,672 shares against 9,97,69,810 shares on offer, taking the total subscription to 1.24 times.
The portion for qualified institutional buyers was subscribed 3.27 times, while non-institutional investors (NIIs) subscribed 38%. The retail investors category fetched 44% subscription.
| Category | Number of Times Subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | 3.13 |
| Non-institutional Investors | 0.37 |
| Retail Individual Investors (RIIs) | 0.44 |
| Total | 1.19 |
| Category | Number of Times Subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | 0.91 |
| Non-institutional Investors | 0.32 |
| Retail Individual Investors (RIIs) | 0.42 |
| Total | 0.55 |
Currently, the initial share sale has been subscribed 51%.
- Bidding period: October 15-October 17
- IPO allotment status finalisation: October 18
- Refund: October 21
- Transfer of shares to Demat account: October 21
- Listing: October 22
The part set aside for retail individual investors (RIIs) was booked 41%, while the non-institutional investors (NIIs) quota was booked 28%. The qualified institutional buyers or QIBs category attracted 63% subscription.
| Category | Number of Times Subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | 0.58 |
| Non-institutional Investors | 0.27 |
| Retail Individual Investors (RIIs) | 0.40 |
| Total | 0.43 |
The ₹27,870.1 crore initial share sale of Hyundai Motor India is India's largest, exceeding Life Insurance Corporation of India's offer of ₹21,000 crore.
The IPO, with a price band of ₹1,865-₹1,960 per share, is an offer for sale (OFS) of 14,21,94,700 equity shares by promoter Hyundai Motor Company without a fresh issue component.
Hyundai Motor India IPO: Allotment and listing date
- Bidding dates: October 15 to October 17
- Finalisation of allotment: October 18
- Initiation of refund: October 21
- Demat transfer: October 21
- Listing on the NSE and the BSE: October 22
Hyundai Motor India manufactures and sells four-wheeler passenger vehicles (PV), with a portfolio of 13 models across segments such as hatchbacks, sedans, sports-utility vehicles (SUVs), and electric vehicles (EVs).
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