- Hyundai Motor India’s IPO allotment is scheduled to be finalized on October 18th. Investors will receive messages/emails regarding allotment status or refunds by October 21st at the latest.
- The IPO was open for bidding from October 15-17 with a price band of Rs. 1865-1960 per share and lot size of 7 shares. Hyundai Motor India aimed to raise Rs. 27,856 crores through an OFS of 142.19 million shares by parent company Hyundai Motor Company.
- The issue saw muted subscription of only 2.37 times overall. QIB portion was subscribed 6.97 times while NII and Retail portions saw lower subscriptions.
- GMP of Hyundai Motor India has corrected sharply post lacklustre demand. It now trades at a discount of Rs. 32-35 per share indicating a listing loss of around 2%.
- Investors can check allotment status on the exchanges website or KFin Technologies portal by entering application/PAN details.
- Tentative listing date for Hyundai Motor India shares is October 22nd on both NSE and BSE.
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