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The IPO comprises an Offer for Sale of up to 14.21 crore equity shares of look worth of Rs 10 each by the promoter selling shareholder. Hyundai Motor Company of South Korea volition get the full proceeds of Rs 27,870 crore.
Hyundai Motor India Ltd’s (HMIL) Rs 27,870 crore ($ 3.3 billion) archetypal nationalist offering (IPO) saw a subscription of 38 per cent from retail investors connected the 2nd time of bidding.
The country’s largest-ever IPO received 1.89 crore bids from retail investors arsenic against the allocated shares of 4.94 crore.
Overall, the stock merchantability saw a subscription of 42 per cent connected its 2nd day, with 4.17 crore bids being received, compared to 9.97 crore shares connected offer. The employees purchased 131 per cent of the shares offered to them.
Non-institutional investors (NII) information got applications for 54.93 lakh shares arsenic against the quota of 2.12 crore shares, representing a 26 per cent subscription connected Wednesday.
The Qualified Institutional Buyers (QIBs) information got subscribed 58 per cent, with 1.63 crore bids being received arsenic against 2.82 crore shares offered. The QIB information is usually filled connected the past day, which is October 17.
HMIL has fixed the terms set of the IPO successful the scope of Rs 1,865 to Rs 1,960 per equity stock of the look worth of Rs 10, valuing the institution astatine astir Rs 1.5-1.6 lakh crore.
The IPO comprises an Offer for Sale of up to 14.21 crore equity shares of look worth of Rs 10 each by the promoter selling shareholder. Hyundai Motor Company of South Korea volition get the full proceeds of Rs 27,870 crore.
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