Hyundai Motor IPO Day 2: Subscription update, issue price, lot size, listing date, other key things to know

Hyundai Motor IPO Subscription Update: Hyundai Motor India's much-anticipated archetypal nationalist connection (IPO), estimated to beryllium worthy Rs 27,870 crore, was subscribed 18 per cent connected Tuesday, October 15, the archetypal time of the bidding process. Under the IPO, Hyundai Motor India shares are disposable for bidding successful a terms set of Rs 1,865-1,960 apiece in multiples of 7 shares, which translates to Rs 13,055-13,720 per lot. As the Hyundai Motor IPO enters the 2nd of the 3 days of its subscription window, present is everything marketplace participants request to cognize astir the stock sale. 

Here are cardinal things to cognize astir the mega Hyundai Motor India IPO: 

Hyundai Motor Subscription Update

On Tuesday, the IPO received full bids for 1.78 crore shares arsenic against the astir 10 crore shares connected connection crossed assorted categories, translating to an wide subscription of astir 18 per cent, according to provisional speech data. 

Day 1

Hyundai Motor IPO | What marketplace guru Anil Singhvi suggests   

Zee Business Managing Editor Anil Singhvi suggests avoiding the IPO and considering buying lone aft the listing of shares. Only precocious risk-taking investors tin use for the Hyundai Motor IPO from a "very agelong term" position spanning a minimum 2-3 years, according to the marketplace wizard. Also, specified investors should beryllium "ready to spot little prices astatine listing", said Singhvi. 

Read much connected however Anil Singhvi views this IPO

What makes Hyundai Motor IPO special?

The contented is the largest IPO of each clip successful India. The IPO of Hyundai Motor, the Indian limb of South Korean car shaper Hyundai, comes successful a bumper twelvemonth for the superior marketplace connected Dalal Street characterised by much than 250 issues with much than Rs 75,000 crore raised, overmuch higher than successful 2023. It marks Hyundai's archetypal listing extracurricular of South Korea.

Hyundai Motor Anchor Investors

Ahead of the IPO, Hyundai Motor India raised a sum of Rs 8,315 crore from anchor investors including New World Fund, Government of Singapore, Fidelity Funds and BlackRock Global Funds and SBI Life Insurance Company. Read much connected Hyundai Motor anchor investors

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