Hyundai Motor India IPO allotment Today, Friday, October 18, 2024, is the day for the allocation of shares in the Hyundai Motor India initial public offering (IPO). A respectable number of investors participated in the Hyundai Motor India IPO’s three-day subscription window, which ended yesterday.
With a lot size of seven shares and a price range of Rs 1865-1960, Hyundai Motor India’s public offering was oversubscribed 2.37 times by the deadline for subscriptions. Bids totaled 23,63,27,903 shares, compared to 9,97,69,810 shares issued.
Hyundai Motor India IPO final subscription status:
With a subscription rate of 6.97 times, qualified institutional buyers (QIBs) made the largest bids for the Hyundai Motor India IPO, followed by non-institutional investors (NIIs) at 60%. By the last day of subscription, 50% of the part set aside for retail investors had been subscribed.
Furthermore, the employee-only limit has been fully subscribed to 1.74 times.
Status of Hyundai Motor India’s IPO allocation:
Today is the planned day for the allocation of Hyundai Motor India’s shares. Investors can visit the official websites of the BSE, NSE, or Kfin Technologies, the issue registrar, to verify the allotment status after it has been finalized. As an alternative, investors can directly check the allotment status by clicking on the URLs below:
- Visit the BSE to view the Hyundai Motor India IPO allotment status: https://www.bseindia.com/investors/appli_check.aspx
- Check Hyundai Motor India IPO allotment status on Kfin Technologies: https://ipostatus.kfintech.com/
- Check Hyundai Motor India IPO allotment status on NSE: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
Hyundai Motor India IPO GMP status:
The unlisted shares of the South Korean automaker’s Indian subsidiary continue to see a drop in the grey market premium (GMP). According to sources monitoring gray market activity, the company’s shares are currently trading at a discount of about Rs 30 compared to the upper end of the IPO price of Rs 1,960, suggesting a GMP of -2 percent.
However, sources monitoring grey market activity indicate that the GMP for the Hyundai Motor India IPO today is much lower than the Rs 147 reported on October 9, when Hyundai Motor published its price band.
Hyundai Motor India expected listing price
On Tuesday, October 22, 2024, Hyundai Motor India’s shares are expected to go public on the BSE and NSE. Hyundai Motor India shares may record a weak listing or list at roughly Rs 1,930, a drop of only Rs 30 or 2% from the upper band of the issue price, if the current grey market patterns continue.
Looking for reliable news updates? Visit StorifyNews.com, a trusted platform for the latest in Anime, technology, global politics, Local crime news, opinions, entertainment, sports news and more!
Exciting news! Storify News is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest news! Click here!
