Hyundai IPO Price: How many times Hyundai's shares were subscribed, know what is the latest update…

Hyundai IPO Price: Shares of Korean carmaker Hyundai Motor India were listed on the Bombay Stock Exchange (BSE) at Rs 1931, which is 1.5% less than the issue price.

The share was listed on the National Stock Exchange (NSE) at Rs 1934, which is 1.3% lower than the issue price. The issue price of this initial public issue was Rs 1960.

This IPO was open for bidding from October 15 to October 17. The IPO was subscribed a total of 2.37 times in three trading days. The retail category was subscribed 0.50 times, qualified institutional buyers (QIBs) 6.97 times and non-institutional investors (NIIs) category 0.60 times.

Hyundai Motor India's issue is worth ₹27,870.16 crore

Hyundai Motor India's issue is worth ₹27,870.16 crore. For this, the existing investors of the company Hyundai Motor India sold 142,194,700 shares worth ₹ 27,870.16 crore (Hyundai IPO Price) through Offer for Sale i.e. OFS.

Hyundai did not issue a single new share. This is the biggest IPO in the country. Earlier, the record of the largest IPO was in the name of LIC, which had brought an issue of ₹ 20,557 crore.

Retail investors could bid for a maximum of 98 shares.

E Motor India Limited had fixed the price band of this issue at ₹1865-₹1960. Retail investors could bid for at least one lot i.e. 7 shares (Hyundai IPO Price).

If you had applied for 1 lot as per the upper price band of IPO at ₹1960, you would have had to invest ₹13,720 for it (Hyundai IPO Price).

Hyundai IPO Price Update News

At the same time, retail investors could apply for a maximum of 13 lots i.e. 98 shares. For this, investors would have to invest ₹ 192,080 (Hyundai IPO Price) as per the upper price band.